Kriya, the London fintech, secures €58 million for B2B payments

Kriya, a London-based fintech company, has secured a €58 million funding facility from Viola Group to expand its embedded B2B payments offering. The funding will allow Kriya to power over £1 billion of B2B payments over the next two years. The company plans to focus on its PayNow and PayLater embedded credit and payments services for B2B retailers and marketplaces. The funding will also enable Kriya to support exports to 45 markets in multiple currencies, including GBP, USD, and EUR. Kriya has been active in the business payments and credit market for 12 years, working with institutions such as Barclays UK and the British Business Bank. The company has helped businesses collect over £27 billion in B2B payments and advanced over £3.5 billion worth of credit to suppliers and buyers.