Whatever Happened to MarketInvoice?
MarketInvoice was a UK invoice trading platform founded in 2011 by Anil Stocker. It rebranded to MarketFinance in 2020, then to Kriya in 2022, and was acquired by Allica Bank in October 2025. It processed over £4 billion in invoices. The Kriya platform now operates within the Allica Bank ecosystem. More detail + scope
Summary
MarketInvoice pioneered selective invoice trading in the UK, letting businesses auction individual invoices to investors. After raising $82m+ in funding and processing £4bn+, it went through two rebrandings and was ultimately acquired by Allica Bank. Former MarketInvoice customers now use Kriya within the Allica ecosystem.
This page covers
Full history of MarketInvoice from founding to Allica Bank acquisition. Timeline, funding rounds, rebrandings, and what happened to customers.
Not covered here
Current Kriya/Allica Bank product details, other invoice finance providers (see /providers/)
MarketInvoice was founded in 2011 by Anil Stocker and Ilya Kondrashov as the UK's first online invoice trading platform. After raising over $82 million in funding and processing £4 billion in invoices, it rebranded to MarketFinance (2020), then Kriya (2022), and was acquired by Allica Bank in October 2025. The platform is still active within the Allica ecosystem.
Timeline
What Happened to Their Customers?
Existing MarketInvoice/Kriya customers transitioned to the Allica Bank platform. The core invoice finance product remains available. However, the selective invoice trading model (where individual invoices were auctioned to investors) has largely been replaced by a more traditional whole-ledger facility.
If you were a MarketInvoice customer and want to compare current alternatives, use our comparison tool to see which of the 85 current UK providers best matches your needs.
Why It Matters
MarketInvoice proved that technology could disrupt invoice finance. Before them, the market was dominated by banks and a handful of independents. They opened the door for Sonovate, Triver, Hydr, Satago, and dozens of other fintechs that now offer digital-first invoice finance. The UK market went from ~20 providers in 2011 to 89 in 2026 - partly because MarketInvoice showed it was possible.
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
Last reviewed: 20 July 2026