Friday, November 22, 2024
5.5 C
New York

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.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...
Exit mobile version