Kriya becomes Stripe’s first PayLater solution for B2B merchants in the UK

LONDON, UK. September 25th, 2024 - Kriya, the leading B2B PayLater payments solution, is now available on Stripe, a financial infrastructure platform for businesses.

Starting this month, Stripe users can offer flexible payment terms to their business buyers through Kriya.

B2B commerce is digitising rapidly, and business buyers now expect to purchase with the ease and sophistication commonplace in consumer shopping. B2B PayLater payment methods (also known as B2B Buy Now, Pay Later), such as Kriya, are swiftly gaining adoption by combining flexible payment terms with modern eCommerce shopping. Kriya’s new integration brings these capabilities to B2B merchants using Stripe in the UK for the first time.

Businesses on Stripe can use Kriya to grow the volume and frequency of sales, and get paid upfront once goods have been delivered. By selecting Kriya at checkout, buyers can defer payment by 30 days, helping them manage their cash flow and incentivising them to spend more. Kriya makes this possible by onboarding buyers in real-time, providing them with an instant spending limit, and protecting the seller from credit and fraud risk.

Anil Stocker, CEO at Kriya, commented: “We are excited to announce this collaboration with Stripe, a leading global payments provider.

"We’ve taken the age-old need to provide trade credit and turned it into a digital, scalable B2B payment method. Merchants can now offer their customers seamless PayLater options, so they can optimise their working capital and buy more with confidence. It’s a win-win.

"Through our direct integration, Stripe merchants can simply add Kriya to their existing checkout experience without any development work. It’s that easy.

"With Stripe, we’re providing the tools merchants need to diversify their eCommerce offering and grow their revenues."

The news is another major milestone for the Shoreditch-based fintech, who earlier this year announced a £50 million funding facility, and wins with enterprise retailers such as Halfords and CMT Group.

ENDS