Kriya Invoice Finance Review (2026): Rates, Eligibility and Verdict

Kriya Invoice Finance at a Glance

Our Verdict

Kriya suits an established B2B company that invoices around £100,000 a month or more and wants to fund particular invoices rather than sign its whole sales ledger over for years. Below that level the arithmetic turns against you, because of one number Kriya’s main marketing pages never mention: a minimum monthly service fee of £950, published only on its broker page. Fund £80,000 of invoices in a quiet month and you still pay the £950. You would need to put roughly £380,000 of invoices through the facility every month before the headline 0.25% service fee finally catches up with the minimum you are being charged anyway.

The company you may know as MarketInvoice or MarketFinance is the same legal entity throughout: Kriya Finance Limited, registered at Companies House under number 07330525 since July 2010. Allica Bank took control on 20 October 2025. That matters more than either rebrand did, because Kriya now lends from a licensed bank’s balance sheet instead of wholesale credit lines, and the funding squeeze that has unsettled independent fintech lenders is no longer the risk it was.

What we would flag hardest is that Kriya’s own published information does not agree with itself. Its main invoice finance page says it works with businesses trading for at least 12 months with one set of accounts, and promises “no hidden fees or contracts”. Its broker page sets out two years’ trading, £100,000 a month in invoices, facilities starting at 12 months and that £950 minimum. Allica’s own Kriya page says two years again.

We read these as different routes to the same lender rather than as errors, but you cannot tell from the outside which set of terms you are being quoted against. Establishing that is the first thing we would do before spending a fortnight on an application.

One more thing belongs on the table before you sign anything. Invoice finance is not a regulated activity in the UK, and the FCA Register states plainly that the Financial Ombudsman Service cannot consider a complaint about Kriya Finance Limited. Most of the market sits in the same position on that statutory point.

But when we checked UK Finance’s membership list on 24 August 2026, we found Bibby, Close Brothers, Aldermore, Skipton, Novuna and around thirty other providers on it, and their clients can use a free independent complaints scheme run by CEDR that can award up to £50,000. Kriya is not on that list. If your facility goes wrong, you have Kriya’s internal complaints process and then the courts, and nothing in between.

Best For

• Established limited companies and LLPs invoicing roughly £100,000 a month or more to other businesses
• Businesses that want to choose which invoices to fund rather than commit the whole ledger
• Companies whose customers pay on terms of 30 to 120 days
• Firms already running Xero, QuickBooks or Sage that want the sales ledger to sync rather than be rekeyed
• Owners comfortable that Kriya may telephone a customer to verify an invoice before it funds

Not Ideal For

• Sole traders and unincorporated partnerships, which Kriya does not fund at all
• Businesses invoicing consumers rather than other companies or the public sector
• Anyone funding much less than £380,000 of invoices a month, where the £950 minimum dominates what you pay
• Companies under two years old approaching Kriya through a broker or through Allica Bank
• Owners who want an ombudsman or an independent complaints scheme standing behind the facility

Key Facts: Verified 24 August 2026

What Kriya Publishes and What Only a Quote Will Tell You

Invoice finance is quoted, not priced off a shelf, and Kriya publishes less than most readers assume. The split below is worth holding in mind for the rest of this review: the left column is what you can check before you speak to anybody, and the right column is what appears for the first time in your offer letter.

How Much of an Invoice Will Kriya Advance?

Up to 90%, and What That 90% Is a Percentage Of

Both Kriya and Allica advertise up to 90%, and that figure is genuine. The trap, and we see it catch businesses repeatedly, is what it is a percentage of. It is not 90% of your sales ledger, and it is not 90% of the invoices you would like to fund. It is up to 90% of the invoices Kriya approves, after it has stripped out everything that falls outside the facility, and then reduced by whatever you have already drawn and not yet had repaid.

The headline rate is not the cash that arrives, so we have walked the whole conversion once here. The figures below are our own illustration on a £250,000 ledger, not a Kriya quote, and every assumption sits in the table.

That is £106,500 of cash against a ledger of £250,000, or roughly 43%, from a facility whose headline number is 90%. Nothing in that sequence is unusual or particular to Kriya, and we would show the same waterfall for any of its competitors, but the arithmetic is the difference between a facility that solves your cash gap and one that does not, and no provider puts it on the front page.

Why You Will See £3 Million, £5 Million and Other Ceilings Quoted Online

Kriya’s broker page gives a facility range of £100,000 to £3m and above. Allica’s Kriya page gives £100,000 to £5 million. Both were live on 24 August 2026, and neither is wrong so much as written for a different audience. Our own previous version of this review carried a claim that Kriya funds individual invoices up to £3 million; we could not find that figure on any current Kriya or Allica page, and the likeliest explanation is that somebody once read the broker page’s facility ceiling as a per-invoice limit. We have removed it rather than repeat it.

If the size of a single invoice decides whether Kriya works for you, treat it as an underwriting question and get the answer in writing. We could not find it published anywhere.

Headline Advance vs Cash You Can Actually Draw

Two things move your drawable balance day to day, and we would want both understood before anyone relies on this facility for payroll. The first is the concentration cap: if one customer grows to more than half your ledger, the excess simply stops being fundable, which means your availability can fall in a month when sales rose.

The second is that the facility revolves, because until a funded invoice is paid it continues to absorb part of your limit. A business that funds heavily in one month, and whose customers then all pay slowly in the next, can find there is nothing left to draw even though the ledger looks healthy.

How Much Does Kriya Invoice Finance Cost?

Does Kriya Publish Its Rates?

Partly, and only in one place. Kriya’s main invoice finance page says its fees are transparent and that there are “no hidden fees or contracts”, but it does not publish a single number. The broker page does, and those are the figures this section works from: a discount charge starting at 2.50 percentage points above Bank Rate, a service fee starting at 0.25% of funded invoices, and a minimum monthly service fee of £950.

You will find “1% to 3% per invoice” quoted for Kriya on a number of comparison sites, and until this update you would have found it here too. We could not locate that range on any Kriya page as at 24 August 2026, so we have taken it out. It may well describe a real quote somebody once received, but a figure we cannot trace to the lender is not one we are prepared to put in front of you as its pricing.

How Kriya’s Charging Works: Service, Listing and Discount Fees

Kriya’s invoice finance FAQ sets out two charging structures, which is the cleanest explanation of the “no contracts” question anywhere in its published material. There is a contract option and a pay-as-you-go option, and they are charged differently.

One detail in that FAQ deserves more attention than Kriya gives it, and we would want it in front of anyone comparing quotes. The discount fee, it says, “accrues on the gross advance, which is the amount before we take off our service fee”. In plain terms you pay interest on money that never reaches your account, because the service fee is deducted from the advance the interest is calculated on.

The effect is small on any single invoice and entirely ordinary in the industry. We flag it because it belongs in a fee comparison rather than a footnote, and because it is one more reason a headline percentage tells you so little.

The £950 Minimum Monthly Service Fee

We think this single number decides whether Kriya is sensible for your business, and it is the one the marketing pages leave out. A service fee “from 0.25%” sounds modest, and on a large enough book it is. But you are charged £950 a month whether you reach that figure or not, so what you actually pay depends entirely on how much you put through.

Roughly £380,000 a month is where the minimum stops costing you anything extra. Below it you are paying a premium that grows the less you use the facility, and I think that sits badly beside the flexibility Kriya markets: the quiet month is exactly when a smaller user least wants a fixed £950 bill. If your invoicing is seasonal, we would work the cost out across a whole year rather than an average month, because the months you barely draw are the ones that hurt.

Worked Example: A £100,000 Invoice on 60-Day Terms

Bank Rate has been 3.75% since the Monetary Policy Committee held it at its meeting ending 29 July 2026, so Kriya’s starting discount charge of 2.50 points above Bank Rate works out at 6.25% a year. On a single £100,000 invoice advanced at 90% and outstanding for 60 days, at Kriya’s published starting rates, the cost comes out like this.

That is about 1.87% of the invoice for two months’ funding, and it is a reasonable price for the money. What it is not is a rate you can carry across to another month, because £950 of that £1,874.66 is the monthly minimum and you have now paid it. Fund a second £100,000 invoice in the same month and it costs you only its own discount charge, so the marginal cost of the second invoice is under £925.

This is the whole reason we keep returning to the minimum: Kriya rewards concentration of use and penalises occasional use, which is close to the opposite of how pay-as-you-go funding is usually sold.

How to Compare a Kriya Quote With Another Provider

Do not compare invoice finance providers on the service fee alone. It is the number every provider leads with and the one least likely to decide what you pay. Build the comparison from your own expected usage instead: take the volume of invoices you would realistically fund in a typical month, the average number of days they stay outstanding, and your quoted advance percentage, then add the discount charge, the service fee or subscription, any minimum, and the per-payment costs.

We would run that calculation across a full year rather than a good month, because minimums only show their teeth in the quiet ones. On our own modelling a provider charging a higher percentage with no minimum comes out cheaper than Kriya for a business funding £150,000 a month, and clearly dearer for one funding £600,000. The ranking depends entirely on your volume, which is why we will not tell you which is cheaper without knowing it.

Kriya Invoice Finance Eligibility

Who Can Apply

Kriya funds UK-registered limited companies and LLPs, and we checked each criterion below against its own published material on 24 August 2026. Sole traders and unincorporated partnerships are excluded, and that is a hard rule rather than a preference: a sole trader with a substantial and creditworthy B2B ledger still cannot use the product. Your customers must be other businesses or public-sector bodies, so consumer invoices do not qualify, and the work has to be completed and verifiable rather than contracted for the future.

Beyond that, the broker criteria add conditions that catch more applicants than the headline ones do: a maximum of 50% of the ledger on any single debtor, a maximum of 50% OECD export, customer payment terms within 120 days, up-to-date tax affairs or a Time to Pay arrangement agreed with HMRC, and either profitability or at least 12 months of cash runway with a clear route to it.

Does Kriya Have a Minimum Turnover?

No, and we want to be precise about this, because the £100,000 figure attached to Kriya is frequently reported as an annual turnover requirement. It is not one. On Kriya’s broker page £100,000 is the smallest facility it will write and, separately, the monthly invoicing volume it wants to see. On Allica’s page £100,000 is the bottom of the facility range. None of those is a statement about your annual revenue.

The distinction is not pedantry. A business turning over £600,000 a year that invoices evenly is putting £50,000 a month through its ledger, and would fall short of the broker criteria despite comfortably clearing any £100,000 annual test. A seasonal business turning over the same amount in four heavy months might qualify on those months and not on the rest. Ask which figure your quote is being assessed against.

What Kriya Assesses at Underwriting

Kriya weighs the credit quality of your customers more heavily than most lenders weigh yours, which is the logic of receivables finance: the money comes back from your debtors, not from your profit and loss. We would expect checks on the business and its directors, a review of your aged debtor report, and verification of a sample of invoices. Expect the spread of your ledger to matter as much as its size, because a £400,000 ledger sitting 70% with one customer is a harder credit than a £250,000 ledger spread across eight.

Start-Ups and Newer Businesses

This is where we found Kriya’s published sources disagreeing most sharply, and the disagreement has practical consequences. Kriya’s own invoice finance page reserves the right to work with businesses trading at least 12 months with one set of filed accounts. The broker page and Allica both require two years and, in Allica’s case, two full years of accounts. A company 15 months old is therefore eligible on one Kriya page and ineligible on two others.

Our reading is that these describe different routes rather than a contradiction, and that the direct application on kriya.co is the one with the softer floor. If you are between one and two years old, apply directly rather than through a broker or through Allica, and confirm the criteria you are being assessed under before you supply a full set of financials. Being declined on a criterion that a different route does not apply is a waste of a credit search.

Kriya’s Invoice Finance Products

Pay-As-You-Go Invoice Finance

Most people mean this product when they say Kriya, and it is a straightforward example of selective invoice finance. You choose which invoices to submit, Kriya verifies them and advances up to 90%, and you pay a service fee on the invoice face value plus a listing fee and a discount fee on what you use. There is no obligation to fund any particular invoice, which is genuine flexibility, but the £950 monthly minimum applies underneath it, so the flexibility is in which invoices you fund rather than in whether you pay in a given month.

Contract Invoice Finance

The contract structure replaces the per-invoice service fee with a fixed monthly subscription, keeps the listing and discount fees, and comes with a commitment: Kriya’s broker page describes facilities starting at 12 months, and its FAQ says you can leave early provided you settle the remaining subscription fee, with three months’ notice needed to end at the agreed term. For a business funding consistently, the subscription is usually the cheaper shape. It is also the one that makes “no contracts” a claim about only half the product range.

Kriya PayLater, and Why It Is Not Invoice Finance

Kriya also runs a B2B buy-now-pay-later product that lets merchants offer trade credit at checkout while being paid upfront, with Kriya carrying the credit risk. It is where much of the company’s growth investment goes, and it is worth knowing about if you sell online to business buyers. It is not invoice finance. It shares neither the pricing nor the eligibility described above, and if you came here to fund a sales ledger it is not the product you want.

Personal Guarantees, Security and Contract Terms

Does Kriya Require a Personal Guarantee?

Kriya does not publish a policy on personal guarantees either way, and we would rather tell you that than invent one. What its broker page does publish is that it takes a fixed charge over book debts, which is security over the invoices themselves rather than a claim on you personally. A previous version of this review said a personal guarantee was typically required above £500,000; we could not establish any current source for that threshold and have removed it.

We would treat the guarantee question as open and settle it in writing before you are far enough into an application to feel committed. Ask whether one is required at your facility size, whether it is capped or unlimited, and what it covers: a guarantee limited to fraud and dilution is a very different proposition from one covering the whole facility, and both go by the same name in conversation.

Minimum Fees, Notice Periods and Renewal

Two published terms shape the commitment. Facilities on the broker route start at 12 months, and ending one at the agreed term requires three months’ notice under the FAQ’s subscription wording. The £950 monthly minimum runs underneath the service fee for as long as the facility is open. Everything else (your facility limit, your debtor limits, review dates, renewal terms) is set at underwriting and appears in your offer letter.

Termination and Exit Costs

Kriya’s FAQ is unusually direct here: you can leave a contract early “providing that you settle the remaining subscription fee”. We rate that a clean and predictable exit by the standards of the industry, and a good deal better than the undefined termination charges some providers use, but it does mean the cost of leaving in month three of a twelve-month term is nine months of subscription. Get that figure in pounds before you sign, not as a formula.

What to Confirm in the Offer Letter Before You Sign

• Your discount margin, and whether it is over Bank Rate or another reference rate
• Your service fee or monthly subscription, and which structure you are on
• The minimum monthly charge, and whether the £950 applies to your facility
• The listing fee, as an amount per payment
• Your advance percentage, and what counts as eligible debt
• Your facility limit and the limit on each individual debtor
• The minimum term, the notice period and the cost of leaving early
• Whether the facility is with recourse, and the charge if an invoice is repurchased
• Whether a personal guarantee is required, and if so whether it is capped
• What security is taken beyond the fixed charge over book debts

What Happens if a Kriya-Funded Invoice Is Not Paid?

The Overdue-Invoice Timeline

Kriya publishes its late-payment process in more detail than most of its competitors, and we rate it the most useful thing on its FAQ. The facility is with recourse, which means an invoice that goes unpaid comes back to you rather than being absorbed by Kriya, and the published sequence tells you how quickly that happens.

The Demand for Repurchase and the Up-to-10% Fee

The number to hold on to is that 10%. On the £100,000 invoice modelled earlier, a Demand for Repurchase could add up to £10,000 on top of returning the £90,000 advance: several times the £1,874.66 the funding itself cost. It is a penalty rather than a price, and it is avoidable: the trigger is silence, not late payment, and both the day-10 repurchase option and the extension route exist precisely so that a customer who is simply slow does not become a 10% charge. What it punishes is failing to engage within about a fortnight of the buffer expiring.

That timetable is tighter than the payment terms make it look. A customer who habitually pays at 90 days on 60-day terms is inside Kriya’s Demand window while, from your side of the desk, nothing unusual is happening at all. If your ledger contains customers like that, the answer is to keep Kriya informed rather than to hope, and to price the possibility of repurchase into whether you fund those invoices in the first place.

What Recourse Means for Your Cash Position

Recourse means your business keeps the credit risk on its own customers even after an invoice has been funded, so the cash you drew was always a loan against the invoice rather than a sale of it. Kriya does not publish a non-recourse or bad-debt-protected version of the product. If protection against a customer’s insolvency is what you are actually buying, this facility does not provide it, and providers such as Bibby and Aldermore offer bad-debt protection as a distinct product worth pricing separately.

How Quickly Can You Get Funding?

Application and Underwriting

The application starts online, with a business profile, your financials and a link to Xero, QuickBooks or Sage so Kriya can read the sales ledger directly rather than have you rekey it. Larger facilities bring an underwriter call to work through debtor concentration and structure. Onboarding a facility is a different exercise from drawing on one, and the advertised speeds below describe the second, not the first.

First Drawdown

Kriya and Allica both advertise funding within 24 hours, and Allica additionally advertises drawdown in as little as 12 hours. Those are marketing claims for a facility already live, and Kriya’s own FAQ is more specific and rather more useful: funds generally arrive within 8 working hours if you have connected your bank account, and within 2 working days if you have not. The connection is what makes the difference, so make it during onboarding rather than on the morning you need the money.

Funding Once the Facility Is Live

Day to day the cycle is genuinely quick, and speed is a real strength of the product against bank-led invoice discounting. The two things that slow a drawdown are verification, covered below, and eligibility questions on the particular invoice: work that is not yet complete, a debtor already at its limit, or an invoice on terms beyond those agreed. None of these is unusual, but each turns a same-day draw into a conversation.

When Kriya Contacts Your Customer

Kriya’s marketing says your client will not hear from it and that you stay in control of collections. Its own FAQ is more careful, and we think the difference matters enough to state plainly: Kriya will telephone a customer to verify an invoice. Its published approach is to say it is calling on behalf of your company or as its finance partner, and it will “only disclose the name Kriya” if specifically asked. So the arrangement is discreet by default rather than invisible, and a customer who asks a direct question gets a direct answer.

There is a second point of contact further down the line. Where an invoice becomes significantly overdue and a Demand for Repurchase is issued, Kriya may notify the customer that it holds assignment over the invoice. If keeping the funding entirely private matters to you (and for businesses selling to a small number of large customers we find it usually does), the honest position is that Kriya’s process makes privacy likely rather than certain, and impossible to guarantee once an invoice goes badly late.

Kriya Customer Reviews

Trustpilot Rating: Checked 24 August 2026

Kriya holds 4.3 out of 5 on Trustpilot from 583 reviews, checked on 24 August 2026. That sits in Trustpilot’s “great” band rather than “excellent”, and it is a respectable score for a business lender. Note the profile is categorised as a payment service and covers Kriya as a whole, so PayLater and working capital customers are in the same pool as invoice finance clients. We treat it as a signal about the company, not as a satisfaction score for this product.

What Customers Praise

The recurring positives are speed of decision, the portal being straightforward to use, and named contacts who answer. Reviewers funding regularly tend to describe the experience in operational terms (an invoice submitted and money arriving the same working day), which is consistent with the 8-working-hour figure in Kriya’s own FAQ.

What Complaints Recur

Reading the negative reviews, we found they cluster in three places. Eligibility comes as a surprise to applicants who did not realise sole traders are excluded or that consumer invoices do not qualify. Cost draws complaints from smaller users, which is what you would expect given the £950 minimum. And verification calls unsettle some customers who were not warned they were coming: a straightforward thing to pre-empt by telling your customers, but a real source of friction when nobody does.

How Much Weight to Give the Score

Not a great deal, in our view. A rating drawn from a mixed product base tells you something about how a company treats people and almost nothing about the terms it will offer you. We would weigh the published fee structure, the £950 minimum and the repurchase process far above the Trustpilot figure, and use the reviews mainly for what they show about responsiveness when something needs sorting out.

Is Kriya Safe, Regulated and Who Do You Complain To?

Kriya Finance Limited and Allica Bank Ownership

The entity you contract with is Kriya Finance Limited, company number 07330525, incorporated on 29 July 2010 and registered at 15 Worship Street, London. Companies House records it as MarketInvoice Limited until 11 November 2019, then MarketFinance Limited until 6 December 2022, then Kriya Finance Limited. Allica Bank Limited is recorded on the PSC register as holding 75% or more of shares and voting rights, notified on 20 October 2025. So if you have seen this business under three names, they are all the same company and the same registration.

What Kriya’s FCA Registration Actually Covers

Kriya Finance Limited appears on the FCA Register under firm reference number 750199, registered since 16 June 2016. The register describes the firm as “supervised for anti-money laundering purposes only”, and it is worth being clear about what that does and does not mean. It is not authorisation to carry out regulated lending, and it confers none of the conduct protections that come with a regulated credit agreement.

The consequence is the part that matters to you, and the FCA states it directly on Kriya’s register entry: the Financial Ombudsman Service will not be able to consider a complaint about this firm, and the Financial Services Compensation Scheme will not be able to consider a claim against it if it fails.

Allica Bank is itself a fully regulated deposit-taker, and that ownership is easy to read as though it extends protection down to the subsidiary. It does not. The facility you sign is with Kriya Finance Limited, and it sits outside the perimeter.

UK Finance Membership and the IF/ABL Standards Framework

Because invoice finance sits outside statutory regulation, the industry runs its own voluntary scheme: the UK Finance Invoice Finance and Asset-Based Lending Standards Framework, made up of the IF/ABL Code, the independent Professional Standards Council and a complaints process operated by CEDR Services Limited. It covers UK Finance’s invoice finance and asset-based lending members. Complaints are free to bring, the member pays CEDR’s costs, businesses with turnover up to £6.5 million are eligible, and the maximum award is £50,000 for issues arising on or after 1 January 2021.

Kriya is not on UK Finance’s published list of IF/ABL members, checked on 24 August 2026. Allica Bank appears on that list, but for its Growth Finance business rather than for Kriya. Bibby, Close Brothers, Aldermore, Novuna, Skipton, Ultimate Finance, Sonovate and around thirty others are members. This is the sharpest practical difference between Kriya and much of its competition, and in my view it is the single most under-reported fact about the provider.

How to Complain

We would complain to Kriya first, through the contact recorded on its FCA Register entry. If that does not resolve matters, you have no ombudsman and, on current membership, no CEDR route either, so the remaining option is the courts. None of this makes Kriya an unsafe counterparty (it is a well-established lender owned by a licensed bank), but it does mean the facility agreement is the whole of your protection, which is an argument for having a solicitor read it that would not apply to a regulated product.

Kriya vs the Alternatives

Kriya vs iwoca

We need to correct this comparison rather than make it. iwoca no longer funds invoices itself: its current products are business loans, a business credit card and iwocaPay, and its invoice finance pages are an information hub that routes enquiries to partner providers. Our earlier version of this review compared the two as direct competitors on turnover thresholds and sole-trader acceptance; that comparison no longer describes the market. If you were weighing Kriya against iwoca for invoice finance, the real choice is between Kriya and whoever iwoca introduces you to.

Kriya vs Bibby Financial Services

Bibby is the more conventional choice and, for many businesses, we think the safer one. It publishes up to 85% on factoring and up to 95% on invoice discounting against Kriya’s 90%, it offers bad debt protection as a product where Kriya does not, it brings sector underwriting in construction, transport and recruitment, and it is a UK Finance member, so its clients keep the CEDR complaints route.

Kriya’s advantages are the software integration, the speed once a facility is live, and the ability to fund selected invoices rather than commit a ledger. Neither publishes enough pricing for us to say which is cheaper, and we would treat anyone who does tell you as guessing. Get quotes from both on the same ledger and compare the totals yourself.

Which Type of Provider Is Likely to Suit You

If you invoice heavily and consistently to a spread of solid B2B customers, want the ledger to sync from your accounting software, and value drawing in hours rather than days, then we rate Kriya as built for you and the £950 minimum will barely register. If you fund occasionally, if one customer dominates your ledger, if you need protection against a customer failing, or if the absence of any independent complaints route troubles you, a UK Finance member running a conventional facility is the better fit, and if you are a sole trader or invoice consumers, Kriya is not an option at all.

If you would rather not approach lenders one at a time, Tide Funding Options is a broker rather than a funder: one enquiry, and it comes back with the invoice finance providers likely to accept your ledger. That is a reasonable first move if Kriya’s two-year broker criteria or its £950 minimum have ruled you out and you do not yet know who else to ask.

Verdict: Should Your Business Use Kriya?

For an established limited company funding £380,000 or more of B2B invoices a month, Kriya is a strong facility and we would happily put it on a shortlist. The published starting rates are competitive, the technology is better than most of the market, the money genuinely moves in hours once your bank account is connected, and Allica’s ownership has removed the funding-stability question that hung over the business as an independent fintech. Kriya also publishes its late-payment process in more detail than its competitors, which is a mark of confidence rather than a warning.

Below that volume the case weakens quickly, and it weakens for a reason the marketing does not tell you. A £950 monthly minimum on a facility sold on flexibility means the quiet months cost you most, and a business funding £100,000 a month is paying an effective 0.95% where the advertised figure is 0.25%. That is not a rip-off (it is a facility priced for a larger user, being marketed to a broad audience), but know which of those two businesses you are before you apply.

The two things we would want fixed are the inconsistency and the recourse. Kriya publishes different trading-history, term and payment-term requirements in three places, and a prospective customer cannot tell which applies to them until they are some way into an application. And with no ombudsman, no FSCS and no CEDR scheme behind the product, the facility agreement is the entirety of your protection if the relationship sours. Read it properly, get the guarantee and exit positions in writing, and I would still call Kriya a credible choice for the businesses it was designed around.

Frequently Asked Questions

• How much does Kriya invoice finance cost?

  Kriya’s broker page publishes a discount charge starting at 2.50 percentage points above Bank Rate, a service fee starting at 0.25% of funded invoices, and a minimum monthly service fee of £950. A listing fee also applies, covering the CHAPS payment, and Kriya does not publish its amount. On our own calculation, a £100,000 invoice advanced at 90% for 60 days costs about £924.66 in discount charge plus the £950 minimum, or roughly £1,874.66 before the listing fee and VAT. That is an illustration using Bank Rate at 3.75% on 24 August 2026, not a Kriya quote. Compare total cost across a full year, never the service fee alone.

• What is Kriya’s minimum facility, and does it have a minimum turnover?

  The minimum facility is £100,000, on both Kriya’s broker page and Allica Bank’s Kriya page. There is no published annual turnover requirement. The £100,000 figure is often reported as one, but it refers to the facility size and, separately on the broker page, to consistent monthly invoicing of £100,000 or more. Those are different tests: a business turning over £600,000 a year and invoicing evenly puts £50,000 a month through its ledger and would not meet the monthly criterion, despite clearing any £100,000 annual threshold comfortably.

• Does Kriya require a personal guarantee?

  Kriya does not publish a policy on personal guarantees either way, so the honest answer is that it depends on your facility, and we would settle it in writing early. What Kriya does publish, on its broker page, is that it takes a fixed charge over book debts: security over the invoices rather than a claim on you personally. If a guarantee is proposed, ask whether it is capped or unlimited and exactly what it covers, because a guarantee limited to fraud and dilution is a very different commitment from one covering the whole facility.

• Does Kriya contact your customers?

  Yes, in two situations. Kriya’s FAQ says it will telephone a customer to verify an invoice, presenting itself as calling on behalf of your company or as its finance partner, and disclosing the Kriya name only if specifically asked. Separately, once an invoice is far enough overdue for a Demand for Repurchase to be issued, Kriya may notify the customer that it holds assignment over it. Kriya’s marketing states that your client will not hear from it; its own FAQ is the more precise account, and the facility is best described as discreet rather than confidential.

• What happens if a Kriya-funded invoice is not paid?

  The facility is with recourse, so an unpaid invoice comes back to you. Kriya’s published process applies a buffer of about two weeks after the due date, then emails you for proof of the position. At 10 days past due it offers you the option to repurchase the debt or agree a repayment plan, and an extension may be available depending on the reason.

  If you have taken none of those steps by day 17, Kriya issues a Demand for Repurchase: you pay the outstanding balance plus a fee of up to 10%, and Kriya may tell your customer it holds assignment over the invoice. The trigger is silence rather than lateness, so engaging early is what avoids the charge.

• Is Kriya the same as MarketInvoice or MarketFinance?

  Yes: one company, three names. Companies House records company number 07330525 as MarketInvoice Limited from incorporation on 29 July 2010 until 11 November 2019, then MarketFinance Limited until 6 December 2022, and Kriya Finance Limited since. The FCA registration, FRN 750199, is the same throughout. MarketFinance is not a competitor to Kriya and any comparison presenting it as one is out of date.

• Who owns Kriya?

  Allica Bank Limited. The Companies House PSC register records Allica as holding 75% or more of shares and voting rights in Kriya Finance Limited, with control notified on 20 October 2025. Kriya now operates as a wholly-owned subsidiary and funds from a licensed bank’s balance sheet rather than wholesale credit lines, which strengthens the business considerably. It does not, however, extend Allica’s regulated status to the Kriya invoice finance product.

• Is Kriya regulated by the FCA, and can you complain to the Ombudsman?

  Kriya Finance Limited is on the FCA Register under FRN 750199, registered since 16 June 2016, but the register describes it as supervised for anti-money-laundering purposes only. Invoice finance is not a regulated activity. The FCA states directly on that entry that the Financial Ombudsman Service will not be able to consider a complaint about the firm, and that the Financial Services Compensation Scheme will not consider a claim if it fails.

  We also checked UK Finance’s published list of Invoice Finance and Asset-Based Lending members on 24 August 2026, and Kriya is not on it, so the CEDR complaints scheme covering members such as Bibby and Close Brothers is not open to you either. Complaints go to Kriya, and then to the courts.

How We Reviewed Kriya Invoice Finance