April 23, 2026
Lender Comparisons

Kriya vs Bibby Financial Services: Business Finance Comparison

Compare Kriya and Bibby Financial Services for business finance. Review current rates, fees, eligibility, and application processes to choose the right lender.
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Kriya vs Bibby Financial Services: Business Finance Comparison
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

Kriya, a UK B2B payments and working capital platform now owned by Allica Bank, provides digital invoice finance and embedded PayLater solutions that help businesses turn unpaid invoices and business purchases into working capital, as described on its main site, its invoice finance page and its B2B Buy Now Pay Later page. Bibby Financial Services, which presents itself on its UK website as the country’s leading independent invoice finance specialist, offers a broader suite of receivables and asset based funding products including invoice discounting, factoring and asset finance, through product pages such as invoice finance, invoice discounting and asset finance solutions.

This guide compares Kriya and Bibby Financial Services across products, structure, practical costs, service features and fit for different kinds of UK business. The core question is whether a digital, selective invoice finance platform is a better match than a more traditional full-service receivables and asset based lender.

TL;DR
  • Kriya focuses on technology led selective invoice finance and B2B PayLater while Bibby Financial Services offers a broader suite including traditional invoice discounting, factoring and asset finance
  • Kriya is typically suited to established SMEs that want flexibility around which invoices or buyers to fund while Bibby tends to work well for firms wanting whole ledger or disclosed factoring style facilities
  • Neither lender publishes a full tariff of rates or fees so headline pricing varies and you should compare multiple quotes using worked examples and total cost over time
  • Your choice will often come down to whether you prioritise digital self service and embedded payments integrations or hands on relationship management and wider asset based lending options

Kriya vs Bibby Financial Services dashboard

This dashboard compares Kriya and Bibby Financial Services using illustrative invoice finance figures from the article. Use the tabs to compare fee structure, upfront funding, annual funded volume and example annual fees.

This chart shows the illustrative percentage fee on a single funded invoice. Both lenders are set at 2 percent in the worked example, so the bars match. Treat this only as a structural example, not as live pricing.

This chart compares how much cash a business receives upfront and at final settlement on a £100,000 invoice. Kriya advances more upfront in the example, while Bibby leaves a larger reserve to be released later.

This chart compares annual funded invoice volume in the worked example. It shows how a selective invoice finance model can differ from a broader whole-ledger facility.

This chart compares total annual fees in the worked example, helping you weigh overall cost against total funded volume.

1. Products and terms at a glance

Kriya

Kriya is positioned as a B2B payments and working capital platform, rather than a traditional relationship-led invoice finance provider. Its public material centres on three main themes: invoice finance, PayLater at checkout and broader B2B payments infrastructure.

  • Selective invoice finance: Kriya’s invoice finance page presents a selective model where businesses upload individual invoices for funding rather than committing their full ledger.
  • Confidential structure: Kriya describes the facility as confidential, with customer payment flows designed to feel normal to the end buyer.
  • B2B PayLater: Its PayLater offering allows merchants to offer terms such as 30, 45 or 60 days while being paid upfront.
  • Platform-led support: Kriya’s support, complaints and service structure is organised digitally through Get Support and Feedback.

Kriya is now owned by Allica Bank, which confirms on its overview page that Kriya is fully owned by the bank and has advanced more than £4 billion in lending. That gives it a different institutional profile than the older MarketInvoice brand many people still remember.

Although Kriya does not publish a single official eligibility table, the supplied material suggests it is mainly relevant for B2B limited companies and LLPs that invoice other businesses on credit terms and have enough trading history and recurring invoice flow to support selective finance.

Bibby Financial Services

Bibby Financial Services positions itself as a broader and more traditional business funder. Its invoice finance pages, PDF guides and wider funding menu suggest a more relationship-led proposition with support for ongoing facilities rather than selective one-off usage.

  • Invoice finance: Bibby offers invoice factoring and invoice discounting through its invoice finance products page.
  • Factoring and discounting split: Bibby’s invoice finance guide explains the difference between disclosed factoring and confidential discounting.
  • Asset finance: Bibby also offers asset finance solutions, including leasing and hire purchase style funding.
  • Trade finance and related products: Its broader range also includes trade and export finance, which makes the product set wider than Kriya’s public offering.

Bibby’s public material makes it look more like a full-service funding partner for SMEs that want an ongoing facility and the option to add other products over time.

High-level comparison

The clearest overlap between Kriya and Bibby sits in invoice finance. The clearest difference is how they present it.

  • Kriya is more technology-led, selective and invoice-by-invoice in tone.
  • Bibby is more traditional, relationship-led and whole-ledger in tone.
  • Kriya pairs invoice finance with embedded B2B payments and checkout credit.
  • Bibby pairs receivables funding with broader asset and trade finance options.

2. Costs and repayments in practice

Neither lender publishes a full live tariff of rates or fees for all users. In both cases, the cost depends on business profile, debtor quality, usage pattern and structure.

How fees are typically structured

Kriya

Kriya’s invoice finance material talks about transparent pricing, but it does not publish a universal standard tariff on the product page. It states that businesses can receive up to 90% of invoice value upfront and that the remainder is released after payment, less fees. The structure is therefore best understood as a per-invoice usage model where fees are linked to selected funding activity.

That kind of structure can work well for businesses that only want to fund certain invoices or certain buyers, but it can become expensive if used heavily across a large volume of invoices for long periods.

Bibby Financial Services

Bibby’s materials describe a more traditional invoice finance structure. The funder advances a percentage of eligible invoices, then returns the remaining balance after payment, less service and discount fees. Its public guides explain the structure clearly, but they do not give a universal fee table. For asset finance, Bibby’s asset finance guide follows the same pattern: structure is explained, but pricing remains tailored.

For many businesses, Bibby’s model may look better value on a per-pound-funded basis if the company plans to finance a large share of its debtor book over a longer period. The trade-off is that the facility is usually less selective and more operationally involved.

Illustrative comparison table

FeatureKriya (Selective Invoice Finance)Bibby Financial Services (Invoice Discounting or Factoring)
Type of facilitySelective invoice finance on chosen invoices, confidential structure based on Kriya’s invoice finance product pageOngoing invoice discounting or factoring facility against most or all sales ledger, as described on Bibby’s invoice finance products page
Typical advance against invoiceUp to 90% of invoice value, according to Kriya’s description of funding limits on Instant Invoice FinanceAdvance rates tailored to facility and sector, specifics not published, varies according to Bibby’s general explanation of advancing a percentage of invoice value in its invoice finance guide
Scope of invoicesBusiness can upload individual invoices as neededNormally linked to a large proportion of the debtor book, subject to eligibility criteria
CollectionsClient usually continues to manage customer relationships and collections, with Kriya reconciling payments in the background, per its process descriptionCan be either confidential discounting where client collects or disclosed factoring where Bibby manages collections, as outlined in A Guide to Invoice Finance
Contract lengthKriya markets selective, contract light usage for invoice finance, but full facility terms are not published and can vary by agreementOngoing facility that typically runs for at least 12 months, although exact minimum terms are not publicly specified and vary
Other productsB2B PayLater at checkout and digital payments solutions, per Kriya’s PayLater documentationBroader receivables and asset finance options, plus trade finance and foreign exchange, as referenced on Bibby’s asset finance and other funding pages

Worked example 1, single £100,000 invoice

This example is illustrative only and does not represent a quote from either lender.

  • Invoice value: £100,000
  • Advance rate: 90% for Kriya and 85% for Bibby
  • Funding period: 60 days
  • Illustrative fee: 2% of invoice value for both lenders

Under these assumptions, Kriya advances £90,000 and Bibby advances £85,000. If the fee were 2%, the total fee would be £2,000 in each example. When the debtor pays, the remaining reserve would be released minus the fee. Kriya would release £8,000 after fees from its £10,000 reserve, while Bibby would release £13,000 after fees from its £15,000 reserve.

The key commercial difference is not just the fee in this simple example. It is also the structure. With Kriya, the business may choose to fund only this invoice. With Bibby, the business is more likely to be using a broader ledger-based facility.

Worked example 2, ongoing facility over 12 months

This example is also illustrative only.

  • Annual eligible B2B turnover: £3 million
  • Average debtor days: 60
  • Average advance rate: 85%
  • Kriya used selectively on £1.5 million of invoices at an illustrative 2% fee
  • Bibby used across £2.4 million of invoices at an illustrative 1.5% fee

That produces annual example fees of £30,000 for Kriya and £36,000 for Bibby. In absolute terms Bibby costs more in this example because more invoices are funded. But the effective fee rate on total funded volume is lower in the example. That is the trade-off many businesses need to examine carefully: flexibility versus broader volume economics.

In real life, both providers may also apply additional fees such as minimum monthly charges, audit fees, arrangement fees or service fees. That is why a live quote and total cost comparison matter more than one headline percentage.

3. Speed and service

Onboarding and decision speed

Neither lender publishes a universal guaranteed turnaround time across all cases.

Kriya’s onboarding appears more digital and automated. Its invoice finance process is designed around uploading invoices, checking buyers and approving invoices before funding. Third-party and review material in the supplied text suggests many users view Kriya as fast and straightforward, though speed can slow down when the case is more complex.

Bibby also promotes quick access to cash from unpaid invoices, but its tone is less about instant online processing and more about ongoing funding support. In practice, this may make it feel more hands-on and less self-serve.

Ongoing relationship and support

Kriya directs users primarily through digital support routes, including Get Support and Feedback. This makes it feel more centralised and technology-led.

Bibby’s Service Promise and broader public material put more visible emphasis on relationship management, responsiveness and local support. For some businesses, especially those wanting factoring and credit control assistance, that may be a major advantage.

Technology and integrations

Kriya has a clear edge on embedded B2B payments and integrations. Its PayLater material and the supplied reference to its Stripe partnership show that it is built for businesses that want credit embedded in digital buyer journeys.

Bibby’s public material is much less integration-led. It appears more focused on facility structure, credit control support and broader funding range than on checkout-level payments infrastructure.

4. Who each lender suits

When Kriya may be a better fit

  • Digital-first SMEs selling to other businesses on terms.
  • B2B ecommerce or omnichannel merchants that want PayLater at checkout.
  • Businesses that want to fund selected invoices rather than commit their whole ledger.
  • Firms comfortable with digital self-service and centralised support.
  • Businesses with a concentrated buyer base where selective funding can materially improve working capital.

Kriya appears particularly relevant where flexibility and digital integration matter more than hands-on collections support or product breadth.

When Bibby Financial Services may be a better fit

  • Businesses wanting a full-ledger invoice finance facility.
  • Firms that value lender-managed credit control through disclosed factoring.
  • Companies that may also need trade finance or asset finance from the same provider.
  • SMEs that prefer relationship management and a broader funding relationship.
  • Businesses with more traditional operating models where an ongoing working capital line matters more than digital platform features.

Bibby appears more suitable where the business wants funding breadth and relationship support, even if the onboarding is less lightweight than a selective online platform.

5. How to apply

Applying to Kriya

Kriya directs applicants through a digital enquiry and onboarding process. Based on the supplied material, a typical journey is likely to involve:

  • starting from the invoice finance or PayLater product pages
  • submitting business details and trading information
  • providing invoice and debtor information for underwriting
  • completing portal-based onboarding if approved

Kriya’s public material suggests a lighter-touch, technology-led path, though exact onboarding time and document requirements vary.

Applying to Bibby Financial Services

Bibby encourages businesses to contact it directly via website forms, phone or introducers. Based on the supplied material, a typical journey is likely to involve:

  • initial contact through invoice finance or asset finance enquiry routes
  • a suitability discussion covering sector, debtor profile and existing credit control processes
  • submission of financial statements, debtor listings and supporting documents
  • issue of facility terms, advance rates and legal documentation if approved

Because Bibby offers broader and more traditional facilities, the process may be more detailed than Kriya’s, especially if the business wants a large or multi-product facility.

6. Final verdict

Kriya and Bibby Financial Services operate in overlapping but clearly different parts of the business finance market.

Choose Kriya if:

  • you want selective and confidential invoice finance without tying in the whole ledger
  • you value digital self-service and fast platform-led processes
  • your business sells B2B online and may benefit from embedded PayLater at checkout
  • you are comfortable that flexibility may come with a different pricing profile than a broader ledger facility

Choose Bibby Financial Services if:

  • you want an ongoing full-ledger invoice discounting or factoring facility
  • you value hands-on relationship management and optional credit control support
  • you may also need trade finance or asset finance from the same provider
  • you are happy with a more involved onboarding process in return for broader funding options

The real decision is less about which lender is universally cheaper and more about which structure fits your working capital pattern, operating model and service preference. Kriya is more naturally aligned to selective and embedded use cases. Bibby is more naturally aligned to ongoing, relationship-led receivables and asset-backed funding.

7. Sources

Table of Contents
Example H2
Example H3

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