Kriya has been acquired by Allica Bank to merge their fintech capabilities and expand flexible financing solutions for SMEs in the UK.

Target Information

Kriya, founded in 2011, has established itself as a leader in providing digital credit solutions to businesses, enabling them to access essential financing through services like embedded PayLater, digital invoice finance, and various business loans. Over the past decade, Kriya has facilitated more than £4 billion in SME finance through 301,882 transactions, thereby supporting thousands of businesses in enhancing their growth through digitized payment terms and flexible funding options.

As part of its next chapter, Kriya has been acquired by Allica Bank, the UK’s fastest-growing fintech bank tailored for established businesses. This partnership aims to create a robust platform that merges Kriya's digital credit capabilities with Allica’s reliable capital and infrastructure, emphasizing their mutual dedication to fostering the success of businesses across the UK and beyond.

Industry Overview

The UK fintech industry has witnessed rapid growth in recent years, driven by the increasing need for alternative financing solutions for small and medium-sized enterprises (SMEs). As traditional banks have become increasingly cautious in their le