Comparison · 2026 edition
Kriya vs Settle: trade finance compared 2026.
Kriya and Settle side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
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Kriya and Settle 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 3.2 (65), ranking 2 and 3 of 14. Kriya also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Kriya | Settle |
|---|---|---|
| Score out of 5 | 3.9 | 3.2 |
| Score out of 100 | 78 | 65 |
| Overall rank | 2 of 14 | 3 of 14 |
| For importers (out of 100) | 79, rank 2 | 64, rank 4 |
| For exporters (out of 100) | 78, rank 2 | 66, rank 3 |
| For wholesalers (out of 100) | 76, rank 2 | 66, rank 4 |
| Type | UK non-bank lender, owned by Allica Bank | US fintech lender |
Each score with the evidence behind it.
| Criterion | Kriya | Settle |
|---|---|---|
| Products | 4/5 Invoice finance, B2B pay-later, business loans, embedded finance and export finance are listed; no supplier finance. | 3/5 Supplier bill financing and purchase order financing are published. |
| Published cost | 5/5 Service fee and discount rate published with a worked annual example and APR. | 2/5 Pricing is explained with a worked APR illustration, but no standard rate is published. |
| Facility size and tenor | 3/5 Facility range of £500k to £10 million published; tenor not published. | 5/5 From $20,000 to $15 million with repayment extendable to 180 days. |
| Speed | 4/5 Funding within 24 hours and instant buyer checks are published; facility approval time is not. | 4/5 Approval in one to three business days and funds in a few days are published. |
| Access | 3/5 UK sellers invoicing UK businesses, two years trading and a £250k a month minimum published. | 3/5 Published minimums and personal guarantees typically not required, but only US consumer brands are served. |
| Standing | 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. | 3/5 An established non-bank with $4 billion funded and a named credit facility; the lending entity and licence are not stated. |
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 | Kriya | Settle |
|---|---|---|
| Legal status | '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'. | 'Settle Inc.', 36 W 20th St #10, New York, NY 10011. The financing page does not name the lending entity, a partner bank or any state lending licence. |
| Products | 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. | Working Capital: Settle pays supplier bills on Extended Payment Terms (single repayment) or Amortized Terms; purchase order financing mentioned in the FAQ. Bill pay to international vendors 'via no or low-cost wire transfer in either USD or a foreign currency' (90 currencies). |
| Published cost | 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%. | Simple interest on the outstanding balance; no base rate or fee schedule. FAQ illustration: a 1.4% monthly simple-interest rate equals a 17.03% APR. International wires $13 to $15 by plan. |
| Facility size and tenor | Invoice Finance 'Facilities from £500k to £10 million', 'Up to 90% advance rates against approved invoices'. Maximum tenor not published. | 'Approvals from $20K to $15M.' Repayment due in 30 days, extendable to 180 days (help centre: in 30-day steps up to 120 days for Extended Payment Terms). |
| Speed | 'An indicative offer within 24 hours and onboarding within a week. Once your facility is live, approved invoices are funded within 24 hours.' | Approval in 1 to 3 business days; 'Most founders get funds in a few days'. Each financed payment reviewed in 1 to 2 business days. |
| Who can apply | 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. | Consumer brands that hold inventory; trailing twelve-month revenue of at least $500,000; at least one year in operation. Personal guarantees 'typically' not required. US focus implied; countries not stated. |
| Funding and history | 'Funded at a bank's cost of capital'; 'Now part of Allica Bank'; '£4bn+ lent to UK businesses'; 'Keeping business moving since 2012'. | 'Funded over $4B'; a $240M credit facility from a financial institution and an NYC asset manager. Investors include Ribbit Capital, Kleiner Perkins and Founders Fund. |
| Date read | 2 November 2026 | 2 November 2026 |
Not published or not stated by Kriya: facility size and tenor.
Not published or not stated by Settle: who can apply, published cost and standing.
Facts read on 2 November 2026 from: kriya.co/solutions/invoice-finance, kriya.co/solutions/paylater-invoice-finance, kriya.co/faq, kriya.co; and settle.com/financing, help.settle.com/en/articles/…, help.settle.com/en/articles/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
UK businesses needing invoice finance facilities from £500k with published pricing.
US consumer brands extending supplier terms to 180 days.
Tell us what you need and where you operate.