Kriya rocks with €58m funding facility for B2B payments expansion.

TL;DR:

• Kriya, a London-based fintech, has secured a €58 million funding facility from Viola Group to expand its embedded B2B payments offering.
• The funding will allow Kriya to double down on its PayNow and PayLater credit and payments solutions for B2B retailers and marketplaces.
• Kriya will use the funding to power online checkouts and offline orders, providing options such as deferred payment and split payments over several months.
• The facility will also support Kriya in expanding its services to exporters doing business in 45 markets in multiple currencies.
• Kriya has processed billions of payment volumes and formed partnerships with major financial institutions in its 12-year history.

London-based fintech Kriya has secured a €58m funding facility from Viola Group to roll out its embedded B2B payments offering. The funding will enable Kriya to enhance its PayNow and PayLater credit and payments solutions for B2B retailers and marketplaces. It will support online checkouts and offline orders by offering features such as deferred payments and split payments over several months. The facility will allow Kriya to expand its support to exporters in 45 markets and multiple currencies. Since it was founded in 2011, Kriya has processed billions of payment volumes and collaborated with key financial institutions including Barclays UK and the British Business Bank.