Kriya is a digital invoice finance and B2B payments provider now owned by Allica Bank. Its main invoice finance product lets eligible companies choose which invoices to fund, rather than committing the entire ledger. This review checks Kriya’s current products, fees, eligibility, funding speed, ownership and suitability for UK businesses.
- Selective funding is Kriya’s key feature - eligible businesses choose individual invoices instead of funding the whole sales ledger
- The pay-as-you-go fee is 1% to 3% per invoice - there is no long-term contract on the selective product, but regular users should compare annual cost
- Up to 90% can be advanced within 24 hours - the actual advance depends on the invoice, debtor and facility terms
- Eligibility is limited - the selective product requires a UK or Irish limited company or LLP with at least £100,000 annual turnover and one year of trading
- Allica Bank acquired Kriya in October 2025 - Kriya continues under its own brand with additional institutional backing
Kriya Finance at a Glance
Bottom line: Kriya is a good fit for an established limited company or LLP that wants occasional, confidential invoice funding and does not want a whole-ledger contract. It is less suitable for sole traders, businesses below the £100,000 selective threshold or companies that want the provider to chase customers on their behalf.
| Feature | Current position |
|---|---|
| Provider | Kriya Finance Limited, now owned by Allica Bank |
| Selective invoice discounting | Choose individual invoices; pay 1% to 3% per invoice |
| Selective eligibility | UK or Irish Ltd company or LLP; £100,000 annual turnover; one year trading |
| Advance rate | Up to 90% of an eligible invoice |
| Funding speed | Within 24 hours, subject to checks and approval |
| Whole-ledger discounting | About £500,000 turnover, or £250,000 with credit control support |
| Contract finance | About £300,000 turnover and two years trading |
| Trustpilot snapshot | 4.1/5 from 580 reviews, verified 3 March 2026 |
What Does Kriya Offer?
Kriya’s core invoice finance product is selective invoice discounting. You choose an invoice, Kriya verifies the debtor and invoice details, then advances a percentage of the value. You keep control of the customer relationship and collections. This differs from factoring, where the provider usually manages the sales ledger and chases payment.
Kriya also offers confidential whole-ledger discounting for larger companies, contract finance against future retainer or project revenue, and PayLater for B2B buyers at checkout. PayLater is a separate embedded payments product. Do not assume that PayLater eligibility or pricing applies to invoice finance.
The current Allica Bank Kriya invoice finance page describes the service as flexible working capital backed by Allica and powered by Kriya technology. Kriya’s selective finance guidance explains that businesses can choose invoices, retain customer relationships and receive up to 90% within 24 hours. These are maximums, not guaranteed outcomes.
Kriya Fees and Rates
The selective product charges 1% to 3% per funded invoice. The exact percentage depends on invoice size, debtor quality, payment terms and usage. Kriya also offers a subscription option with a flat monthly charge and a smaller per-invoice percentage. Ask which pricing model you are being quoted.
Pay-as-you-go pricing can be attractive when you fund a few invoices during seasonal peaks. It can become expensive if you finance a large ledger every month. Compare a worked 12-month example that includes the percentage fee, any subscription charge, the reserve and the cost of invoices paid late or disputed.
Kriya’s selective product has no long-term contract. That is useful if your funding need is irregular, but it does not remove normal eligibility checks or the obligation to repay any advance when an invoice is not collected.
Who Is Eligible for Kriya?
Kriya’s selective invoice finance is for UK or Irish limited companies and LLPs. Sole traders and ordinary partnerships are not eligible for this invoice finance product. Our July 2026 check records at least £100,000 annual turnover and one year of trading for selective funding.
Whole-ledger discounting has a higher threshold of about £500,000 annual turnover and two years trading, although our July 2026 check records a possible £250,000 route when credit control is outsourced. Contract finance is aimed at businesses with about £300,000 turnover and two years trading. Ask Kriya to confirm the current route before preparing an application.
Kriya’s public FAQ says it is supervised by the Financial Conduct Authority for anti-money laundering purposes under FRN 750199. Invoice finance is not a regulated consumer-credit product. Read the current Kriya FAQ and ask what checks apply to your business and debtors.
How Fast Is Funding?
Kriya advertises funding within 24 hours for eligible invoices once the facility and verification checks are complete. That timing is different from approval. The first application can take longer while Kriya checks directors, accounts, debtors and invoice quality. A disputed invoice, a concentrated debtor book or missing information can delay funding or reduce the advance.
Keep your customer records, contracts and invoice evidence consistent. Ask when the 24-hour clock starts, whether a cut-off time applies and how Kriya handles credit notes, retentions or overseas buyers. Put the reserve-release rules in writing before you rely on the facility for payroll or supplier payments.
What to Prepare Before Applying
Prepare your latest accounts, an aged debtor report, sample invoices, customer contracts and a list of any disputes or credit notes. Kriya will need to understand who owes you money, when those invoices should be paid and whether the debtors are connected companies or concentrated in one customer.
Also decide whether selective funding is genuinely occasional. If you expect to fund most invoices every month, ask for a whole-ledger comparison so you can see whether a subscription and lower per-invoice charge would be cheaper over a full year.
Allica Bank Ownership
Allica Bank announced its acquisition of Kriya in October 2025. Kriya continues under its own brand, while the acquisition provides additional bank backing and a broader working-capital proposition. The Allica announcement says Kriya will continue to operate under its own name and that the combined group is targeting more SME working-capital finance.
Ownership can improve funding capacity, but it is also a reason to check the current legal entity, account details, data-processing terms and complaints route. Kriya is registered as company number 07330525 and FCA AML reference 750199. Confirm the documents in your own offer rather than relying on an old review.
Kriya Customer Reviews
Our July 2026 check records a Trustpilot score of 4.1/5 from 580 reviews, rated Great. Treat that as a dated public signal, not a prediction of your account experience. Positive feedback tends to focus on quick funding, a simple digital process and helpful staff. Critical feedback can involve communication during verification or delays on complex invoices.
PayLater and invoice finance are different products, so check which service a review describes. Ask Kriya for a facility contact, escalation route and response-time expectation. A strong platform experience does not replace checking the total fee and the rules for disputed or late invoices.
Kriya Compared with Alternatives
Kriya is strongest when you want selective, confidential funding without a whole-ledger commitment. Bibby Financial Services is broader and can provide factoring with outsourced credit control. Skipton and Close Brothers may suit established businesses seeking larger facilities or wider asset-based support. Use our invoice factoring comparison to compare product fit and total cost.
If your business is below Kriya’s threshold, a specialist that accepts smaller or newer businesses may be more realistic. If your sales ledger is stable and you finance invoices every month, ask whether a traditional facility with a lower ongoing margin would cost less than 1% to 3% on every selected invoice.
Pros and Cons
Is Kriya Right for Your Business?
Kriya suits a UK or Irish limited company or LLP with at least £100,000 turnover, a year of trading and a need for occasional working capital. It is especially useful when you want to choose invoices, keep finance confidential and avoid a permanent contract. It is not the right route for sole traders or for businesses that need the funder to manage credit control.
Before accepting an offer, ask for the advance, fee model, reserve, debtor checks, late-payment process, data requirements and any trust-account arrangements. Compare that written offer with alternatives through our business finance hub and invoice discounting explainer.
Our Verdict
Kriya earns a 7.0/10 rating. Its selective, no-long-term-contract model is genuinely useful for eligible businesses with uneven cash flow. The limitations are just as clear: Ltd Co or LLP only, a £100,000 minimum turnover, customer collections remain your responsibility and regular funding can make per-invoice fees add up. Compare the complete annual cost before choosing it.
Kriya is a good fit for eligible limited companies and LLPs that want selective invoice finance without a whole-ledger commitment, but regular users should compare its per-invoice cost with traditional facilities.
