UK Fintech Kriya is reportedly advancing £500 million to businesses banked by Barclays. Kriya has commented on their partnership in a new blog post.
According to Kriya, a major part of their business success is “down to the organizations they partner with and the merchants they serve together with them.”
Now in their 6th year of partnership, Kriya claims that they “achieved a lot by working closely with Barclays.”
Kriya further noted that they “have learnt and developed together, pushing their technology to ensure they offer financial services that are fast, flexible, and easy for their merchants to access.”
The UK Fintech further claims that to be backed by such a prominent bank is “a real vote of confidence in their vision.”
Kriya also mentioned in the recent announcement that February 2024 marked “a significant milestone, with the advancement of over £500 million in funds to Barclays merchants.”
This coincided with Barclays announcing “an ambitious 2024 vision in their recent investor update.”
Barclays CEO, C.S.Venkatakrishnan, shared a bold three-year plan “to build better financial futures for the customers, clients, and communities of Barclays UK.”
According to Kriya’s management, this renewed focus and investment is “undoubtedly good news for the one million businesses they provide banking services for.”
With over 500 Barclays businesses already benefiting from our working capital services, Kriya is pleased “to support Barclays in realizing its vision.”
Fundamentally, Kriya says that they care about the same things they do – “increasing the prosperity of the businesses by making financial services more sustainable and inclusive.”
Kriya CEO, Anil Stocker said:
“We’re proud to work with Barclays and of the way our partnership has helped so many merchants to better manage their cash flow and invest in growth. We’ve achieved a lot together in five years, advancing £500 million in working capital to businesses that contribute so much to the UK economy. I’m optimistic about the way our partnership will continue to grow and evolve. Together we’re providing businesses with the tools and financial expertise to help their growth and resilience.”