Comparison · 2026 edition
Kriya vs Wayflyer: trade finance compared 2026.
Kriya and Wayflyer side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
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Kriya and Wayflyer side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
In the Trade Finance Index, both score 3.9 out of 5 (78 out of 100); Wayflyer ranks higher on the tie-break, at 1 of 14. Wayflyer scores higher for exporters; they tie for importers and wholesalers.
Overall and segment scores out of 100, and the score out of 5.
| Score | Kriya | Wayflyer |
|---|---|---|
| Score out of 5 | 3.9 | 3.9 |
| Score out of 100 | 78 | 78 |
| Overall rank | 2 of 14 | 1 of 14 |
| For importers (out of 100) | 79, rank 2 | 79, rank 1 |
| For exporters (out of 100) | 78, rank 2 | 79, rank 1 |
| For wholesalers (out of 100) | 76, rank 2 | 76, rank 1 |
| Type | UK non-bank lender, owned by Allica Bank | Irish non-bank lender |
Each score with the evidence behind it.
| Criterion | Kriya | Wayflyer |
|---|---|---|
| Products | 4/5 Invoice finance, B2B pay-later, business loans, embedded finance and export finance are listed; no supplier finance. | 3/5 Inventory financing and working capital advances are published; no receivables or supplier finance as such. |
| Published cost | 5/5 Service fee and discount rate published with a worked annual example and APR. | 5/5 A worked example ($100,000 financed, $4,200 fee) and a 5% to 10% fee range are published. |
| Facility size and tenor | 3/5 Facility range of £500k to £10 million published; tenor not published. | 3/5 Up to $20 million published, with no minimum and no stated term. |
| Speed | 4/5 Funding within 24 hours and instant buyer checks are published; facility approval time is not. | 5/5 An offer in as little as 24 hours and funds within one to three business days are published. |
| Access | 3/5 UK sellers invoicing UK businesses, two years trading and a £250k a month minimum published. | 4/5 Eleven countries of incorporation, published revenue minimums and no personal guarantee. |
| 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 a named Irish company and published offices; no licence or external funding source. |
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 | Wayflyer |
|---|---|---|
| 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'. | 'Wayflyer Limited trading as "Wayflyer", registered in Ireland under company number 602786', registered office One Spencer Dock, North Wall Quay, Dublin 1. No licence or regulator named; platform terms 'governed by Irish law' (effective 14 October 2026). |
| 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. | Inventory financing ('a smarter alternative to PO financing and invoice factoring'), merchant cash advance ('Our core funding product') and fixed-term loans. |
| 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%. | Inventory financing worked example: $100,000 financed, $4,200 fee, $104,200 to repay. Help centre: one fixed fee 'typically between 5% and 10% of the total advance amount', example $100,000 at 6% = $6,000 fee. No interest, set-up, prepayment or late fees listed. |
| Facility size and tenor | Invoice Finance 'Facilities from £500k to £10 million', 'Up to 90% advance rates against approved invoices'. Maximum tenor not published. | Inventory financing 'up to $20M'; minimum not published. Repayment of the amount plus a fixed fee in set instalments (weekly, bi-weekly and monthly are shown); the FAQ says inventory financing typically bridges '30 to 120 days'. Term length not stated. |
| Speed | 'An indicative offer within 24 hours and onboarding within a week. Once your facility is live, approved invoices are funded within 24 hours.' | Offer 'in as little as 24 hours'; funds 'within 1-3 business days' (help centre) or 'as little as 24 hours' after approval (inventory page). |
| 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. | Funding generally: incorporated in the United States, Canada, United Kingdom, Australia, Ireland, Spain, the Netherlands, Belgium, Denmark, Germany or Sweden; minimum average monthly revenue $10,000 (or EUR 10,000, GBP 10,000, AUD 20,000, CAD 20,000) for 6 months; 6 months trading for goods sellers. Inventory financing: US, UK or Australia, 12 months trading. 'No personal guarantees.' Dropshippers not funded. |
| 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'. | Offices in Dublin, Charlotte, London, New York, Sydney and Berlin (terms page). Customer agreements are with 'a Wayflyer group company'; no external funder named. |
| 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 Wayflyer: legal status, published cost, facility size and tenor and funding and history.
Facts read on 2 November 2026 from: kriya.co/solutions/invoice-finance, kriya.co/solutions/paylater-invoice-finance, kriya.co/faq, kriya.co; and wayflyer.com/wholesale-financing, help-center.wayflyer.com/en/articles/…, help-center.wayflyer.com/en/articles/…, help-center.wayflyer.com/en/articles/…, wayflyer.com/terms.
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.
Inventory funding for brands and wholesalers.
Tell us what you need and where you operate.