Comparison · 2026 edition
HSBC Hong Kong vs Kriya: trade finance compared 2026.
HSBC Hong Kong and Kriya side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
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HSBC Hong Kong and Kriya side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
In the Trade Finance Index, Kriya scores higher overall: 3.9 out of 5 (78 out of 100) against 3.1 (62), ranking 2 and 5 of 14. Kriya also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | HSBC Hong Kong | Kriya |
|---|---|---|
| Score out of 5 | 3.1 | 3.9 |
| Score out of 100 | 62 | 78 |
| Overall rank | 5 of 14 | 2 of 14 |
| For importers (out of 100) | 63, rank 5 | 79, rank 2 |
| For exporters (out of 100) | 64, rank 5 | 78, rank 2 |
| For wholesalers (out of 100) | 58, rank 6 | 76, rank 2 |
| Type | Hong Kong bank | UK non-bank lender, owned by Allica Bank |
Each score with the evidence behind it.
| Criterion | HSBC Hong Kong | Kriya |
|---|---|---|
| Products | 5/5 Letters of credit, collections, trade loans, guarantees and receivables finance are all priced in the tariff. | 4/5 Invoice finance, B2B pay-later, business loans, embedded finance and export finance are listed; no supplier finance. |
| Published cost | 3/5 Commissions and minimums are published for every trade service; loan interest is not. | 5/5 Service fee and discount rate published with a worked annual example and APR. |
| Facility size and tenor | 1/5 Only the SME TradePay limit (up to HKD 1.5 million) is published. | 3/5 Facility range of £500k to £10 million published; tenor not published. |
| Speed | 4/5 In-principle approval within 10 minutes and instant drawdown are published for TradePay. | 4/5 Funding within 24 hours and instant buyer checks are published; facility approval time is not. |
| Access | 1/5 No country, turnover or trading history criteria published. | 3/5 UK sellers invoicing UK businesses, two years trading and a £250k a month minimum published. |
| Standing | 5/5 A bank within the HSBC group. | 4/5 Part of Allica Bank and 'funded at a bank's cost of capital'; Kriya itself is FCA supervised for anti-money laundering only. |
Each criterion is scored 0 to 5 against the best published offer in the Trade Finance Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 2 November 2026.
| Fact | HSBC Hong Kong | Kriya |
|---|---|---|
| Legal status | 'The Hongkong and Shanghai Banking Corporation Limited'. | 'Kriya Finance Limited', registered in England and Wales (No. 07330525), 'supervised by the Financial Conduct Authority for anti-money laundering purposes' (FCA reference no: 750199). The site states 'Allica Bank acquired Kriya in 2025' and 'Now part of Allica Bank'. |
| Products | Import and export documentary credits, documentary collections, buyer and seller trade loans, guarantees and standby credits, receivables financing (buyer credit protection), and HSBC TradePay for SMEs ('A 2-in-1 flexible SME loan and payment solution'). | Kriya Invoice Finance (selective: 'You choose which invoices to fund'); Kriya PayLater (payment terms for business buyers, funding in GBP, EUR and USD); business loans 'up to £250,000 over 6 years'; embedded finance for platforms; export finance listed. |
| Published cost | Trade Services and Guarantees tariff (listed under the Nov 2026 issue): import DC opening commission 0.25% per six-month validity (min HKD 500); amendments HKD 600; buyer and seller loans handling commission 0.25% (min HKD 500); import and export collections 0.125% (min HKD 550); DC document checking HKD 850 per set; guarantees 2% (min HKD 2,000) or 2.5% for payment guarantees (min HKD 2,500); standby DC 2% p.a. (min HKD 1,000). TradePay: interest rate not published, fees 'subject to negotiation', set-up fee HKD 2,000 (waived for eligible new customers to 31 December 2026). | Invoice Finance: 'service fees from 0.25%, discount rates from Base + 2.5%'. Worked example: £4,000,000 of invoices funded a year, £700,000 average drawn, discount rate 2.75% over base £45,500, service fee 0.50% £20,000, indicative total £65,500, APR 9.4%. PayLater: fixed interest fees, a monthly minimum utilisation fee, £15 listing fee per advance and a £1,000 annual portal licence fee; late fees from 1.5%. |
| Facility size and tenor | TradePay: 'Up to HKD1.5m' revolving; tenor not stated. Other facility sizes not published. | Invoice Finance 'Facilities from £500k to £10 million', 'Up to 90% advance rates against approved invoices'. Maximum tenor not published. |
| Speed | TradePay: in-principle result 'within 10 minutes' of applying online; same-day results for applications 8am to 9pm on weekdays; 'Instant loan drawdown', with payments 'subject to processing time'. | 'An indicative offer within 24 hours and onboarding within a week. Once your facility is live, approved invoices are funded within 24 hours.' |
| Who can apply | TradePay 'subject to prior credit adjudication and approval' and 'available in selected sites'; 'No tangible collateral or financial statement required'. Country and turnover criteria not published. | Invoice Finance 'a good fit if' the business invoices other UK businesses on credit terms, has traded 'for at least 2 years', is 'a limited company or LLP' and is 'seeking at least £250k/month in funding'. Not for consumer sales. Personal guarantee not mentioned; 'Security required' shown for PayLater. |
| Funding and history | A bank within the HSBC group; funding source not stated on the pages read. | 'Funded at a bank's cost of capital'; 'Now part of Allica Bank'; '£4bn+ lent to UK businesses'; 'Keeping business moving since 2012'. |
| Date read | 2 November 2026 | 2 November 2026 |
Not published or not stated by HSBC Hong Kong: published cost, facility size and tenor, who can apply, funding and history and access.
Not published or not stated by Kriya: facility size and tenor.
Facts read on 2 November 2026 from: business.hsbc.com.hk/en-gb/regulations/…, business.hsbc.com.hk/-/media/media/hong-kong/…, business.hsbc.com.hk/en-gb/products/…; and kriya.co/solutions/invoice-finance, kriya.co/solutions/paylater-invoice-finance, kriya.co/faq, kriya.co.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Asian traders needing letters of credit and trade loans.
UK businesses needing invoice finance facilities from £500k with published pricing.
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