For over a decade, Kriya has helped businesses access credit when and where they need it – from embedded PayLater to digital invoice finance and business loans. Now begin a new chapter. Kriya has been acquired by Allica Bank, the UK’s fastest growing fintech bank for established businesses. Together, they’re building a stronger platform that unites Kriya’s digital credit expertise with Allica’s bank-grade capital, infrastructure, and shared commitment to helping businesses thrive across the UK and beyond.
Two companies, one aligned mission
Since launching in 2011, Kriya has processed over £4 billion in SME finance across 301,882 transactions, helping thousands of businesses grow by digitising payment terms and delivering flexible funding solutions.
Since 2020, Allica Bank has lent over £3.5 billion to established UK firms, focusing on businesses with 5–250 employees – a segment representing a third of the UK economy yet long underserved by traditional banks.
By joining Allica, Kriya combines fintech agility with a bank’s stability and reach – delivering the end-to-end working-capital infrastructure SMEs have long needed.
Kriya will continue to operate under its own brand, which has strong recognition in the SME finance market. CEO and Co-founderAnil Stocker will continue to lead the business, with all Kriya employees joining Allica as part of the transaction.
Richard Davies, CEO of Allica Bank, said: “For too long SMEs have struggled to access the flexible finance they need as the high street banks have retrenched. Allica is building something different – a better way to serve Britain’s established SMEs.
“Kriya has built an impressive business over more than a decade, and Anil and his team share our belief that SME finance needs reinventing, and that together we can offer something the market desperately needs.
“Our ambition is clear. We plan to lend £1 billion of working capital finance to SMEs over the next three years. This is our third acquisition but our first in the embedded payments space and it aligns well with our future potential international expansion.”
Anil Stocker, CEO of Kriya, said: “Combining forces with Allica gives us the right platform to scale what we’ve built. We share the same DNA – a genuine commitment to reinventing SME finance and competing with the big banks who’ve walked away from the SME market.
“There has never been a more relevant time to help SMEs survive a challenging and changing economic landscape.
“I’m excited about what we can achieve together, especially with our embedded finance offering, which we’re looking to roll out across Europe soon. Our customers will continue to get the same service and support from Kriya, but now with the backing and reach of one of the UK’s fastest growing banks.”
