Anil Stocker, CEO & Co-Founder at Kriya, a UK Fintech that is powering frictionless access to B2B payments and credit, has shared some reflections on Kriya’s productive 2024, with always more to come.
Kriya’s PayLater volume grew at 300% CAGR, Stocker noted.
He also shared the following key developments from Kriya:
- We launched our first enterprise merchant, Halfords, going live on-line, wholesale and in-store (first physical launch in our history).
- We became the first B2B BNPL provider on Stripe in the UK.
- Close to 50% of Nivoda’s checkout volume is now on PayLater
- We’ve supported 12x more SMEs since launching our embedded PayLater products.
- We saved our B2B buyers over £14m in interest with our free spending limits!
Looking ahead, Stocker said that he can see that “strategic partnerships have a big role to play in 2025.”
He added that there’s massive potential for fintechs like Kriya to “join forces with digital banks, payment service providers and ecommerce technology.”
Anil Stocker added:
“As we enter 2025, we remain committed to innovating, supporting our partners, and helping merchants and buyers to thrive amidst the inevitable change and challenges the year ahead brings. Our roadmap prioritizes seamless integration with eCommerce and PSPs. Seeing the value our Stripe integration drives for our merchants, we’ll be doubling-down on these partnerships.”
He concluded:
“We’ll also be enhancing buyer and merchant tools. Merchants will benefit from better buyer onboarding functionality, deeper risk analytics and fraud detection to combat the rise of bad actors. While our buyer portal will provide a one-stop-shop for managing orders, payments and spending limits, as well as discovering more financial products.”
As covered, Kriya is the Enterprise PayLater solution.
Their flexible B2B payments keep business flowing “through all your sales channels.”
They aim to assist with closing bigger sales, more often, and helping firms with getting paid “upfront while your buyers pay later on flexible terms.”
Founded in 2011 they’ve reportedly “processed £28 billion in B2B payments from buyers in over 45 countries.”
Kriya is reportedly backed by an array of investors including the following: Barclays Bank, Northzone and Mouro Capital (owned by Santander Bank).