Kriya, a leading PayLater solution for B2B payments, is now available through Stripe, a financial infrastructure platform serving businesses globally.
Starting this month, Stripe users in the UK can offer their business buyers flexible payment terms using Kriya.
With B2B commerce increasingly moving online, business buyers are demanding a smoother purchasing experience, similar to consumer shopping. B2B PayLater options like Kriya, also known as B2B Buy Now, Pay Later, are being adopted rapidly as they combine flexible payment terms with eCommerce convenience. Kriya’s integration now allows UK B2B merchants using Stripe to offer these benefits for the first time.
By using Kriya, businesses on Stripe can boost both the frequency and volume of sales while receiving upfront payments once the goods are delivered. Buyers choosing Kriya at checkout can defer payment for 30 days, helping manage cash flow while encouraging increased spending. Kriya facilitates this by instantly onboarding buyers, providing an immediate spending limit, and shielding sellers from credit and fraud risks.
Anil Stocker, CEO of Kriya, said: “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.”
This news is another major step for Kriya, the Shoreditch-based fintech company, which recently secured a £50 million funding facility and partnerships with large retailers such as Halfords and CMT Group.
