BankingBusinessFinTech

Kriya announces new £50m funding facility from Viola Group

  • UK fintech Kriya secures £50 million funding from Israel’s Viola Group for B2B payments.
  • Founded in 2011, Kriya offers payment and credit solutions across Europe.
  • Claims to have processed £27 billion in B2B payments and advanced £3.5 billion in credit.
  • Will use the funding to strengthen PayNow and PayLater products for online and offline transactions.
  • Aims to support export businesses in 45 different currencies, including GBP, USD, and EUR.
  • Anil Stocker, CEO, sees the funding as a validation of Kriya’s efforts in digitizing business transactions.
Previous article
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
Next article
MessageBird seeks entry into financial services with call for potential acquisitions
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Marquis Software Confirms Data Theft of 672K Bank Customers in Ransomware Attack

The cyberattack raises concerns about data security in the banking sector.Highlights: Marquis Software data breach impacts 672,000 bank...
FinTech

NCR Strengthens Focus by Offloading Japanese Bank Technology Business to NTT Data

NCR transfers its Japanese banking tech operations to enhance strategic focus.Highlights: NCR sells its Japanese banking technology business...
FinTech

Agentic Workforce Initiative Enhances Financial Institutions’ Performance

New platform aims to optimize operations for banks and financial service providers.Highlights: New Agentic Workforce initiative launched for...
FinTech

Tempo Blockchain Goes Live with Machine Payments Protocol

New technology enhances automated transactions in blockchain space.Highlights: Tempo Blockchain officially launches its machine payments protocol.The new technology...