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

Kriya Invoice Finance at a Glance

Our Verdict

Kriya is one of the more interesting invoice finance providers in the UK market, but it’s also one of the most misunderstood. The business you may know as MarketInvoice or MarketFinance rebranded to Kriya in 2022, and on 21 October 2025 it was acquired outright by Allica Bank. That last detail matters more than the rebrand. Kriya is no longer an independent fintech competing for wholesale funding lines; it now sits inside a fully licensed challenger bank with a balance sheet to deploy.

For mid-sized B2B businesses with a sales ledger of at least £100,000 and a preference for selective, pay-as-you-go funding, Kriya is genuinely competitive — the per-invoice cost (1–3% of invoice value), the lack of long-term contracts, and the integration with Xero, QuickBooks and Sage make it one of the cleaner products on the market. For sole traders, micro-businesses, or anyone with a ledger under £100k, it’s a non-starter.

The trade-off most reviewers gloss over is regulation. Kriya holds FCA FRN 750199, but only for anti-money-laundering supervision. Invoice finance itself is not a regulated activity in the UK, which means you have no recourse to the Financial Ombudsman Service if something goes wrong with the facility. That’s not unique to Kriya — iwoca, Bibby and Aldermore are in the same position — but it’s a point that should sit on the table before you sign.

Best For

• Established B2B limited companies and LLPs with a sales ledger of £100,000 or more
• Businesses that want to fund specific invoices on a pay-as-you-go basis without a long-term contract
• Companies invoicing larger commercial customers with longer payment terms (30–90 days)
• E-commerce platforms looking to embed B2B trade credit at checkout via Kriya PayLater
• Higher-turnover businesses (£500k+) wanting confidential whole-ledger discounting

Not Ideal For

• Sole traders — explicitly excluded from all Kriya products
• Businesses with annual turnover below £100,000
• B2C businesses (Kriya only funds B2B invoices to other registered companies)
• Companies looking for sub-£100k facility sizes — iwoca or MarketFinance-style micro-providers fit better
• Borrowers who specifically want FCA-regulated lending with FOS recourse

Key Facts

• Products: Selective invoice finance, confidential whole-ledger discounting, B2B PayLater (embedded)
• Advance rate: Up to 90% of invoice value
• Cost: 1–3% of invoice value per funded invoice (selective product)
• Minimum facility: £100,000
• Maximum facility: Up to £5 million; up to £3 million per individual invoice
• Eligibility: UK or Irish limited company / LLP, 6+ months trading, B2B invoices only
• Funding speed: 12–24 hours from invoice upload to draw-down
• FCA status: FRN 750199 (AML supervision only — invoice finance itself is unregulated)
• Trustpilot: 4.1/5 from around 580 reviews
• Owner: Allica Bank (100% acquisition completed 21 October 2025)

What Is Kriya Invoice Finance?

Kriya is a UK fintech that lets B2B businesses unlock cash tied up in unpaid customer invoices. Rather than waiting 30, 60 or 90 days for a customer to pay, you upload the invoice to Kriya’s portal, Kriya advances most of the value upfront, and the customer pays Kriya (or pays you, who then settles with Kriya) when the invoice falls due.

The business has been through several identities. It launched as MarketInvoice in 2011, rebranded to MarketFinance in 2019, and became Kriya in 2022 to reflect a broader product set covering embedded B2B payments as well as traditional invoice finance. The most recent change is the most consequential: in October 2025, Allica Bank completed a 100% acquisition. Kriya now operates as a wholly-owned subsidiary of a fully licensed UK challenger bank, with a stated ambition to deploy £1 billion of SME working capital by 2028 and to expand the embedded finance product into Europe under Allica’s banking license.

How Kriya Invoice Finance Works

The mechanics are straightforward. You raise an invoice to a B2B customer in the normal way. You then log in to the Kriya portal (or, in the case of whole-ledger discounting, your accounting software syncs automatically) and submit the invoice for funding. Kriya verifies the invoice, runs a check on the debtor, and advances up to 90% of the invoice value — typically within 12 to 24 hours.

When the customer pays, Kriya releases the remaining balance to you, minus their fee. On the selective product, that fee is between 1% and 3% of the invoice value, charged once per invoice. There’s no monthly minimum, no contract, and you decide which invoices to fund and which to leave on the ledger. On the whole-ledger product, all eligible invoices are funded automatically, you pay a monthly subscription plus a per-invoice charge, and the facility is confidential — meaning your customers don’t see Kriya’s involvement.

Main Finance Options

Kriya runs three distinct products. Selective invoice finance is the flagship pay-as-you-go option: a minimum £100,000 facility, no contract, and per-invoice pricing. It’s designed for businesses that want occasional cash-flow smoothing rather than a permanent funding line. Confidential whole-ledger discounting is the heavier-weight product: minimum £500,000 turnover, the full sales ledger funded automatically, accounting software integration, and a structured monthly cost. It’s the closest Kriya comes to a traditional invoice discounting facility from a high-street bank.

The third product, Kriya PayLater, is a B2B embedded finance offering for e-commerce. Merchants integrate a “pay in 30/60/90 days” option at checkout (powered by Kriya); the merchant gets paid upfront, the business buyer gets deferred terms, and Kriya carries the credit risk. Stripe and Halfords are among the named integration partners. PayLater isn’t invoice finance in the traditional sense, but it’s where Kriya is investing most of its growth capital under Allica’s ownership.

Kriya Rates and Fees

Cost of Finance and Factor Rates

On the selective invoice finance product, Kriya charges between 1% and 3% of the invoice value per funded invoice. The exact rate depends on the invoice size, the creditworthiness of your customer (the debtor), the payment term, and your own trading history. A 90-day invoice to a FTSE-100 customer will price differently from a 30-day invoice to a small private buyer.

To put that in cash terms: if you fund a £50,000 invoice at 2% on 60-day terms, you pay £1,000 in fees and receive a £45,000 advance (90%) on day one, with the remaining £4,000 (the balance after fees) released when the customer pays. Annualised, that’s a meaningful cost — closer to 12–15% APR equivalent — but for a business that can’t carry a 60-day cash gap, it’s often worth it.

On confidential whole-ledger discounting, the structure is different. You pay a monthly service fee (effectively a subscription for the facility) plus a discount margin on funds drawn, typically priced as a margin over the Bank of England base rate. Exact pricing isn’t published — it’s quoted bespoke based on turnover, debtor concentration and trading history.

Fees and Charges

The selective product’s headline appeal is that the per-invoice fee is the only cost. There are no setup fees, no minimum monthly drawdowns, no exit fees, and no long-term contract commitments. You can use the facility for one invoice in March, none in April, and three in May, and pay only for what you fund.

The whole-ledger product carries more structural cost: a monthly subscription, the discount margin on drawn funds, and potentially audit fees if Kriya conducts on-site reviews of your sales ledger and credit control processes. Borrowers with poor concentration (one customer dominating the ledger) may also face higher pricing or sub-limits on individual debtors.

What Affects Your Rate

Five factors drive Kriya’s pricing more than anything else: the credit quality of your end customer (most weight), the size of the invoice, the payment term, your business’s trading history and financial accounts, and the concentration of your sales ledger. A clean ledger spread across several blue-chip customers will price near the bottom of the 1–3% range. A concentrated ledger, longer terms, or a smaller end customer pushes the rate higher.

Kriya Invoice Finance Eligibility

Who Can Apply for Kriya Finance

Kriya accepts UK and Irish limited companies and limited liability partnerships (LLPs). Sole traders are not eligible — this is a hard rule, not a guideline, and it’s the single biggest cliff-edge in Kriya’s eligibility criteria. If you trade as a sole trader, even a successful one with a sizeable B2B ledger, you’ll need to look elsewhere (iwoca and Bibby both accept registered sole traders for invoice finance).

The other non-negotiable is that you must invoice other businesses. Kriya only funds B2B invoices to registered limited companies; B2C invoices and invoices to government departments via certain framework contracts may not qualify, depending on the debtor.

Trading History, Turnover and Credit Checks

For selective invoice trading, the minimum trading history is six months. For the full whole-ledger facility, Kriya typically wants two years of filed accounts (or one year with strong internal credit control processes). Minimum turnover is £100,000 for selective and £500,000 for whole-ledger discounting.

Credit checks are run on both the applying business and its directors, but Kriya places more weight on the credit quality of the underlying debtors than most lenders. A young limited company with a thin trading record can still qualify if its customers are creditworthy enough to underwrite the advance.

Security and Personal Guarantees

The advance is secured against the underlying invoices themselves — that’s the structure of receivables finance. In addition, Kriya typically takes a debenture over the company (a floating charge over its assets) and may ask directors for a personal guarantee, particularly on the whole-ledger product or on facilities above £500,000. The personal guarantee is usually limited rather than unlimited, but the exact structure is negotiated facility by facility. If you’re uncomfortable with a PG, raise it before the term sheet is signed; it’s harder to renegotiate later.

Kriya Application Process

How to Apply for Kriya Finance

The application is online. You complete a short business profile on kriya.co, share your basic financials, and link your accounting software (Xero, QuickBooks or Sage) so Kriya can pull your sales ledger directly. For larger facilities, an underwriter will follow up by phone to walk through the structure, debtor concentration and terms.

For selective invoice finance, an initial decision and indicative facility limit usually come within a few business days. The whole-ledger product takes longer — typically two to four weeks — because Kriya needs to review the full ledger, conduct credit-control diligence and, in some cases, audit the systems behind your invoicing.

Documents and Checks Needed

Standard documentation is two years of filed accounts (or management accounts if you’re younger), recent bank statements, an aged debtor report, and ID for directors. For whole-ledger discounting, expect Kriya to also want examples of customer contracts, your credit-control policy, and a sample of issued invoices to verify the integrity of the ledger.

Credit checks are run via the standard UK bureaux. Kriya also runs verification calls or written checks on a sample of debtors to confirm invoices are genuine and goods or services have been delivered — this is industry-standard for invoice finance and should not be treated as a red flag.

Approval and Funding Times

Once your facility is approved and onboarded, the day-to-day funding cycle is fast. Upload an invoice to the portal, and Kriya typically advances funds within 12 to 24 hours. On the whole-ledger product, the funding is automatic once the accounting integration is live: invoices sync overnight, eligible items are advanced the next working day. This is one of the operational strengths of Kriya versus older bank-led invoice discounting providers, where 48–72 hour turnarounds are still common.

Kriya Repayments, Flexibility and Risk

Repayment Terms and Flexibility

You don’t repay Kriya in the traditional sense — the customer’s payment of the invoice settles the advance. On the disclosed selective product, customers pay Kriya directly. On the confidential whole-ledger product, customers pay you (into a trust account), and you settle with Kriya behind the scenes. The customer has no visibility of the arrangement.

Flexibility is genuinely high on the selective product. There’s no contract, no minimum monthly volume, and no penalty for not using the facility. You can fund one invoice this quarter and ten the next. The whole-ledger product is more structured — you commit to running your full ledger through the facility and there’s typically a 12-month notice period or break clause — but it’s still more flexible than traditional bank-led invoice discounting.

Missed Payments and Default Risk

The risk to be aware of is recourse. If your customer doesn’t pay the invoice, Kriya will typically claim the advance back from you — this is a recourse facility, not a non-recourse one. In practice, this means your business carries the credit risk on your own customers, even after the invoice has been “funded.” Some providers offer non-recourse or credit-protected versions where the funder absorbs bad debts; on Kriya’s headline products, you should assume recourse applies unless explicitly negotiated otherwise.

If a debtor goes insolvent or disputes an invoice mid-funding, Kriya will work with you to resolve it, but the commercial position is that the advance becomes repayable. This is the single biggest area where new entrants to invoice finance get caught out, so model the worst case before signing.

Kriya Customer Reviews

Kriya carries a Trustpilot rating of 4.1 out of 5 from around 580 reviews — a “Great” rather than “Excellent” band. Compared with iwoca (4.7–4.8 from 12,000+ reviews) it’s clearly behind, though the volume gap reflects iwoca’s much broader micro-SME customer base. Within the mid-market invoice finance space — the segment Kriya actually competes in — a 4.1 score is competitive.

What Customers Like

The recurring themes in positive reviews are speed of decision, the simplicity of the online portal, the absence of long-term contracts on the selective product, and responsiveness from named relationship managers on larger facilities. Several reviewers specifically call out being moved off slower or more expensive alternatives (older invoice finance providers, overdrafts) and seeing meaningful working-capital relief inside a fortnight.

Common Complaints

Negative reviews cluster around three issues. First, eligibility surprises — particularly applicants who didn’t realise sole traders are excluded, or whose B2C revenue made them ineligible. Second, pricing on smaller invoices, where the 1–3% fee can feel steep on a £5,000 invoice once annualised. Third, debtor verification calls causing friction with customers who weren’t expecting them — this is a feature of the disclosed product rather than a fault, but it’s worth flagging to your customers in advance.

Kriya Support and Regulation

Customer Support

Support is provided through the portal, by email and by phone, with named relationship managers assigned for whole-ledger clients and larger selective facilities. Hours are standard UK working hours; this is not a 24/7 operation. Reviewers generally rate the day-to-day support as responsive, with most queries resolved inside one business day.

Regulatory Status and Complaints

This is the section borrowers most often misread. Kriya Finance Limited is registered with the Financial Conduct Authority under FRN 750199 — but that registration is for anti-money-laundering supervision only. Invoice finance itself is not a regulated activity in the United Kingdom. That has two practical consequences. First, you do not have recourse to the Financial Ombudsman Service if you have a complaint about your facility — complaints go through Kriya’s own internal process, and beyond that to civil courts if necessary. Second, the consumer-style protections that apply to regulated lending (including FCA conduct rules on affordability and forbearance) do not formally apply.

This is not a Kriya-specific issue: iwoca’s invoice finance, Bibby Financial Services, Aldermore’s invoice finance and most other UK providers operate in the same unregulated space. But it’s worth knowing that the Allica Bank acquisition does not change this: Allica Bank itself is fully PRA/FCA-regulated as a deposit-taker and lender, but the Kriya invoice finance product remains an unregulated commercial activity.

The flip side of the Allica acquisition is that Kriya is now backed by a regulated bank’s balance sheet rather than wholesale debt facilities. That improves operational stability and reduces the risk of the kind of funding squeeze that has unsettled some independent fintech lenders. It’s a net positive for borrowers, even if the regulatory perimeter on the product itself is unchanged.

Kriya vs Alternatives

Kriya vs iwoca Invoice Finance

iwoca and Kriya compete in adjacent segments rather than head-on. iwoca’s invoice finance product is open to a wider range of applicants — including registered sole traders — with a lower minimum turnover threshold (£50,000 versus Kriya’s £100,000) and shorter trading-history requirement (six months for limited companies). iwoca also typically funds smaller invoices and smaller overall facilities. Kriya, by contrast, has the higher facility ceiling (up to £5m) and the more sophisticated whole-ledger product. For a £30k invoice from a micro-business, iwoca will usually win on access. For a £500k facility against a structured B2B ledger, Kriya will usually win on price and product depth.

Kriya vs Bibby Financial Services

Bibby is the UK’s largest independent invoice finance provider, with deep specialism in construction, transport and manufacturing, and the unusual ability to offer up to 100% advance rates in some structures. Bibby tends to suit businesses that want a long-term relationship-managed facility with sector expertise, rather than the more transactional, software-led Kriya approach. Bibby will often beat Kriya on advance rate and on sector-specific underwriting nuance; Kriya will usually beat Bibby on speed of onboarding, software integration and the flexibility of pay-as-you-go pricing.

Kriya vs Alternative Invoice Finance Providers

Against the broader market, Kriya’s clearest advantages are the selective product (genuinely contract-free pay-as-you-go), the accounting integration, and now the Allica Bank balance sheet. Its clearest disadvantages are the £100,000 facility floor and the exclusion of sole traders. If you want non-recourse credit protection on bad debts, traditional providers like Aldermore Invoice Finance or specialist credit insurance overlays from Bibby tend to do this more cleanly. If you want sub-£100k facility sizes, iwoca, Sonovate and several smaller fintechs are better fits. If you’re a mid-market B2B business with a clean ledger and you want a flexible, well-priced, software-led facility, Kriya is one of the strongest options in the UK market right now.

Final Verdict: Is Kriya Invoice Finance Worth It?

For the right business, yes — comfortably. Kriya’s selective invoice finance product is one of the cleanest pay-as-you-go invoice finance facilities in the UK: no contract, no minimum monthly drawdown, transparent per-invoice pricing of 1–3%, and 12–24-hour funding once you’re onboarded. The whole-ledger product holds up well against traditional bank invoice discounting on speed and integration, and the Allica Bank acquisition gives borrowers something Kriya didn’t have a year ago: a fully regulated banking parent with a real balance sheet behind the facility.

The eligibility wall is the catch. If you’re a sole trader, a B2C business, or a limited company with a sales ledger under £100,000, Kriya isn’t the right product and no amount of feature comparison will change that. Look at iwoca for smaller B2B facilities, or at MarketFinance-style alternatives if you’ve been refused by mainstream providers. The other consideration borrowers should price in honestly is regulation: invoice finance is not an FCA-regulated activity, and you do not have FOS recourse. That’s a market-wide point, not a Kriya weakness, but it should sit on the table before you sign any term sheet — not as an afterthought.

Net: Kriya is a credible, well-engineered invoice finance provider for established mid-market B2B businesses, now strengthened by Allica Bank ownership. We’d recommend it for the segment it’s built for, and we’d steer applicants outside that segment elsewhere rather than try to force-fit them into a product that wasn’t designed for them.

Frequently Asked Questions

• Is Kriya the same as MarketInvoice or MarketFinance?

  Yes. The business launched as MarketInvoice in 2011, rebranded to MarketFinance in 2019, and rebranded again to Kriya in 2022. It’s the same legal entity (Kriya Finance Limited) with the same FCA registration. In October 2025 it was acquired outright by Allica Bank and now operates as a wholly-owned subsidiary.

• Can sole traders use Kriya invoice finance?

  No. Kriya only accepts UK and Irish limited companies and LLPs. Sole traders and unregistered partnerships are not eligible for any Kriya invoice finance product. iwoca and Bibby Financial Services both accept sole traders for invoice finance and would be the logical alternatives.

• Is Kriya regulated by the FCA?

  Kriya Finance Limited holds FCA Firm Reference Number 750199, but this is for anti-money-laundering supervision only. Invoice finance is not a regulated activity in the UK, so borrowers do not have recourse to the Financial Ombudsman Service for facility disputes. This is industry-wide rather than Kriya-specific. Note: Kriya’s parent company, Allica Bank, is fully PRA/FCA-regulated as a bank, but that does not extend regulation to the Kriya invoice finance product itself.

• How much does Kriya invoice finance cost?

  On the selective invoice finance product, Kriya charges between 1% and 3% of each funded invoice’s value, with no setup fee, no monthly minimum and no contract. The whole-ledger product carries a monthly subscription plus a discount margin on drawn funds, priced bespoke based on turnover and ledger profile. Exact pricing depends on debtor credit quality, payment term and your trading history.

• How quickly does Kriya release funds?

  Once your facility is set up, Kriya typically advances funds within 12 to 24 hours of an invoice being uploaded. On the whole-ledger product, funding is automatic via accounting software integration: invoices sync overnight and eligible items are advanced the next working day. Initial onboarding takes a few business days for the selective product and two to four weeks for whole-ledger discounting.

How We Reviewed Kriya Invoice Finance