Allica Bank Expands into Embedded Finance with Kriya Acquisition
Allica Bank has acquired Kriya in a strategic move to enter the embedded finance market. The combined entity reportedly aims to advance £1 billion in working capital financing to UK small and medium businesses within three years while maintaining Kriya’s brand and leadership.
Strategic Acquisition Expands Embedded Finance Capabilities
Allica Bank has reportedly acquired Kriya in a strategic move to enter the embedded finance market, according to recent reports. Sources indicate the combined offering will provide flexible working capital and PayLater options specifically tailored for small and medium-sized businesses (SMBs) across the United Kingdom.
