Kriya, the B2B PayLater payments solution, is now available on Stripe, a financial infrastructure platform for businesses.
Starting this month, Stripe users can offer flexible payment terms “to their business buyers through Kriya.”
B2B commerce is digitizing rapidly, and business buyers now “expect to purchase with the ease and sophistication commonplace in consumer shopping.”
B2B PayLater payment methods (also known as B2B Buy Now, Pay Later), “such as Kriya, are swiftly gaining adoption by combining flexible payment terms with modern eCommerce shopping.”
Kriya’s new integration brings these capabilities “to B2B merchants using Stripe in the UK for the first time.”
Businesses on Stripe can use Kriya “to grow the volume and frequency of sales, and get paid upfront once goods have been delivered.”
By selecting Kriya at checkout, buyers can defer payment by 30 days, “helping them manage their cash flow and incentivising them to spend more.”
Kriya makes this possible by onboarding buyers in real-time, “providing them with an instant spending limit, and protecting the seller from credit and fraud risk.”
Anil Stocker, CEO at Kriya, said they are taking trade credit and turning it into a scalable B2B payment method. Merchants can now offer customers a Pay Later option. Its “win-win.”
The news is another major milestone for the Shoreditch-based fintech, who earlier this year announced “a £50 million funding facility, and wins with enterprise retailers such as Halfords and CMT Group.”
As covered, Kriya is the Enterprise PayLater solution.
Their flexible B2B payment solutions keep business flowing brilliantly.
They help businesses close “bigger sales, more often, and get paid upfront while their buyers pay later on flexible terms.”
Founded in 2011 Kriya has processed £28 billion in B2B payments “from buyers in over 45 countries.”
Kriya is backed by an array of investors “including Barclays Bank, Northzone and Mouro Capital (owned by Santander Bank).”
