Last Updated on: 25th September 2024, 08:01 pm
Kriya, a leader in B2B PayLater payment solutions, is now available on Stripe, a financial infrastructure platform designed for businesses.
From this month onwards, Stripe users will be able to offer flexible payment terms to their business customers via Kriya.
As B2B commerce continues its rapid shift to digital, business buyers increasingly expect a streamlined purchasing experience similar to that of consumer shopping. B2B PayLater solutions like Kriya, also referred to as B2B Buy Now, Pay Later, are growing in popularity, offering flexible payment terms combined with the convenience of modern eCommerce. This integration makes it possible for B2B merchants in the UK using Stripe to access Kriya’s PayLater options for the first time.
By using Kriya, businesses on Stripe can boost their sales volume and frequency while receiving payment upfront once goods are delivered. Through the Kriya option at checkout, buyers can delay payment for up to 30 days, helping them manage their cash flow more effectively and encouraging larger purchases. Kriya achieves this by onboarding buyers instantly, assigning them a spending limit, and safeguarding 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 partnership marks a significant milestone for the Shoreditch-based fintech company, which recently secured a £50 million funding facility and signed agreements with major retailers like Halfords and CMT Group.
