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Kriya will continue to operate under its own brand, which has strong recognition in the SME finance market. CEO and Co-founder Anil Stocker will continue to lead the business, with all Kriya employees joining Allica as part of the transaction. Named the UK’s fastest growing company in 2024, and the fastest growing UK fintech ever in 2023, Allica is building on strong momentum. With the Kriya acquisition, Allica is targeting advancing an initial £1 billion of working capital finance to SMEs over the next three years. Since first opening its doors to lending in 2020, Allica’s impressive growth means its total outstanding lending to SMEs has now reached £3.5 billion.
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