Kriya – reviews, analysis and fees

Last updated on 10 August 2023

Formerly known as MarketFinance, Kriya is primarily a payment finance platform that can be embedded into an eCommerce website for handling payments.

Compare business finance What are you looking for?

In partnership with Nerdwallet

However, Kriya also offers invoice financing, though lump sum business loans are also theoretically available through this lender.

Explore business banking

Wallester Business
✓ Virtual & Physical Cards
✓ No Setup Fees
✓ No Monthly Fees
Pricing Trial period Contact

Revolut Business
✓ Business Current Account
✓ Award-Winning Mobile App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Tide Business Bank Accounts
✓ Free, Plus, or Pro Account
✓ iOS & Android Mobile App
✓ Upload & Auto-Match Receipts
Pricing Trial period Contact

Card One Money
✓ No Credit Checks
✓ Simple Fees
✓ Up to 3.5% Cashback
Pricing Trial period Contact

ANNA Money
✓ Apply in 10 minutes
✓ Bookkeeping & Payroll Tools
✓ User-Friendly Mobile App
Pricing Trial period Contact

Co-Op Business Banking
✓ Business Current Account
✓ Online, App & High Street Banking
✓ Quick & Easy Application Process
Pricing Trial period Contact

HSBC Business Banking
✓ Business Current Account
✓ In-Branch, Online & App Banking
✓ FSCS Protected
Pricing Trial period Contact

Metro Business Banking
✓ Business Current Account
✓ High Street Presence
✓ FSCS Protected
Pricing Trial period Contact

Mettle Business Banking
✓ Business Bank Account
✓ Online & App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Monzo Business Banking
✓ Business Current Account
✓ Dedicated mobile app experience
✓ FSCS Protected
Pricing Trial period Contact

Virgin Money
✓ Business M Account
✓ In-Store, Online & App Banking
✓ Insights & Forecasting Platform
Pricing Trial period Contact

Only SMEs and partnerships qualify for financing through Kriya, so sole traders will not be eligible, and some of the criteria can be pretty strict and prevent access for smaller businesses, but Kriya has a fine reputation among fellow businesses – as well as an illustrious history, as MarketFinance was the first online-only provider of invoice finance in the UK.  

Video: Business loans and finance explained

Kriya business loans and finance

Pros and cons of Kriya for business finance 

Multiple options related to invoice financing Minimum turnover of £100,000 required – more for some lending streams
Fast decisions on lending decisions – could be as quick as three minutes Kriya is not regulated by the FCA, so you may not enjoy some protection that you would like
Business loans available on a peer-to-peer lending basis Unlikely to qualify for payment holidays on a business loan
Excellent TrustPilot reviews Speed of customer service is sometimes criticised
Kriya pros and cons

Invoice finance

Kriya offers three types of invoice finance, each of which has different qualifying criteria.

Standard invoice finance

Kriya offers a pay-as-you-go invoice finance service, whereby you can upload an outstanding invoice to the lender’s portal. Kriya will release up to 90% of the value of this invoice once it has been verified, then take over credit control and receive payment from your customer. Once this invoice is settled, Kriya will release the remaining funds, minus a fee for their service.

Confidential invoice finance

If you do not want your customers to know that you are aligned with Kriya, you can sign up for confidential invoice financing. Kriya will set up a Barclays Bank account in your name, so Kriya’s involvement will remain completely anonymous. The catch here is that you will need to process all of your invoices to Kriya going forward, and the qualifying terms and conditions are a little stricter.

Contract invoice finance

You may wish to take out a contract with Kriya to manage all of your invoicing and credit control, releasing funds immediately and reducing administration surrounding your business. This may save you money in the longer term as while you will pay a monthly subscription fee, the percentage fees on your cleared invoices will be reduced.

Business loans 

The Kriya website discusses the possibility of a business loan, but does not elaborate upon the terms and conditions of this. Sign up for an account with Kriya, or contact the lender to discuss your options.

However, if we are to assume that the same lending conditions that were offered by MarketFinance still apply, a business that has been trading for at least two years and enjoys a turnover of £500,000 or more will be eligible to borrow between £5,000 and £250,000, repayable for up to three years, through a peer-to-peer business loan.

Kriya account login

Asset finance 

Not available from Kriya. See best asset finance

Commercial mortgages

Not available from Kriya. See commercial mortgages.

Business vehicle finance

Not available from Kriya. See business vehicle finance.

Merchant cash advance

Not available from Kriya. See best merchant cash advance

Business credit cards

Not available from Kriya. See best business credit cards

Kriya key information

Phone number0808 169 4200
App downloadsN/A
Number of branchesN/A – Kriya is an online business
FSCS protected?No
Founded2018 (as MarketFinance)
Key information

Kriya reviews

Review platformScoreNumber of votes
FeefoNot reviewedN/A
Reviews.ioNot reviewedN/A
Smart Money PeopleNot reviewedN/A
Which?Not reviewedN/A
Average score4.8/5546 total votes
Kriya reviews and ratings

Business eligibility criteria

Eligibility for borrowing from Kriya varies depending on what lending stream you are looking for. In all cases, you will need to be a limited company or partnership with a clean credit history. If you are seeking invoice finance, expect the following criteria to apply.

  • One year of trading and a minimum turnover of £100,000 for standard invoice finance.
  • Two years of trading and a minimum turnover of £500,000 for confidential invoice finance, though can halve these numbers if you use Kriya credit control.
  • Two years of trading, a minimum turnover of £300,000, and contracts with businesses that total at least £6,500,000 for ongoing, contracted invoice financing.

For a business loan, you will need to have been trading for two years and have an annual turnover no lower than £500,000.

Business finance alternatives

Kriya specialises in invoice finance for companies that may be declined by other lenders, but is not the only lender in town. If you do not qualify for borrowing from Kriya or wish to compare the offer of this lender with a rival, consider the following competitors.

  • Bibby Business Finance
  • Close Brothers
  • eCapital Factoring
  • Creative Capital
  • IGF Commercial Finance
  • Novuna Business Finance
  • Pulse Cashflow Finance
  • Skipton Business Finance
  • Team Factors
  • Time Finance Plc

Additional considerations

Kriya is a truly global business, with the payment platform now accepted in 42 countries.


I have bad credit – can I still take out invoice finance through Kriya?

Your application is unlikely to be accepted if you have outstanding CCJs, IVAs or bankruptcy orders against your business or a principal director. Historical credit issues may be overlooked, depending on your circumstances, but these will be reflected in your offer when interest is calculated.

How much can I borrow from Kriya?

Lending on an invoice finance basis is capped at 90% of the invoice value. Loans should be available from between £5,000 and £250,000.

How do I apply for finance from Kriya?

Call Kriya on 0808 169 4200 to discuss your needs, or sign up for a quote through the website – in the latter instance, you’ll usually have an answer within minutes.

What fees are associated with borrowing from Kriya?

If you apply for selective invoice financing through Kriya, you’ll pay a fee between 1% and 3% of the total invoice value once the bill is settled. If you apply for regular financing, you’ll pay a flat monthly fee. Interest rates on a loan will depend on the lender – Kriya offers peer-to-peer borrowing, so it really depends on who is willing to work with your business.

Does Kriya set a fixed term for repayments?

Kriya will expect payment of an invoice within the terms and conditions laid out by the document. If your customer does not settle their bill in time, Kriya will as for an update and may request some kind of communication from the debtor to explain the delay.

Will I need to secure borrowing from Kriya against an asset?

Lending on an invoice financing basis through Kriya is an unsecured loan. If you take out a business loan in the name of your business you may be asked to provide a personal guarantee.

Compare ⓘ

Reviewed by , Managing Director


Business Financed provides general information, but not financial advice. Always speak to a qualified expert to get personalised advice for your business.

Advertising disclosure

We may be paid a commission by our FCA-regulated partners when you click on the links in our articles. This does not affect our independent journalism.

Learn more

You can learn more about how this website operates by clicking here.