RecoupIQ • UK Merchant & Counterparty Risk Infrastructure
Executive Risk Briefing: Kriya (MarketFinance)
UK Entity: KRIYA FINANCE LIMITED (CRN: 07330525) • Segment: B2B Buy Now Pay Later (BNPL)
Prepared for Leadership: Anil Stocker (CEO & Co-Founder) • Ilya Kondrashov (Co-Founder & Director)
CONFIDENTIAL BRIEFING
Prepared by Alex • Founder, RecoupIQ
Statutory Accounts Basis: FYE 31 December 2024
What RecoupIQ Offers Kriya (MarketFinance) • At a Glance
Stop UK Merchant Defaults & Section 75 / Chargeback Write-Offs Before Payout Leaves Your Bank
1. What We Provide
<150ms Pre-Payout Gate
Pass any UK CRN before T+1 payout, reserve release, or advance. Returns ALLOW, HOLD, or BLOCK with a SHA-256 audit certificate.
2. Why You Need It Now
30–60 Days Ahead of Bureaus
Experian/Creditsafe & card fraud tools miss live London Gazette Rule 7.10 Winding-Up Petitions, Section 127 void dispositions, and sudden director resignations.
3. Modeled Value
£902k–£1.35m / yr
Modeled against Kriya (MarketFinance)’s £1.36m audited impairment & £6.97m provisions.
4. How To Start & Cost
£0 Backtest → £1,495/mo
Test 10–50 past merchant write-offs for £0 today. Production shadow pilot is £1,495/mo (or £0.05/check) with zero lock-in.
The Settlement & Default Timing Gap: Across both B2B (merchant cash advances, trade credit, corporate payouts) and C2B (consumer card acquiring, BNPL, POS retail finance, and Open Banking checkout), when a UK merchant collapses, legacy credit bureaus update 30 to 90 days late. During that window, Kriya (MarketFinance) continues sweeping T+1 payouts or carrying unhedged consumer Section 75 / Visa & Mastercard “Services Not Rendered” chargeback liability against an insolvent UK limited company. RecoupIQ closes this window with a synchronous
<150ms pre-payout and pre-onboarding gate across 5.3M UK companies.1. Statutory Risk Profile & Modeled Annual Savings (KRIYA FINANCE LIMITED)
Audited P&L Impairment
£1.36m
Source: Consolidated Statement of Cash Flows (Page 17), further detailed in Note 3 'Assessment of impairment of loans'
Balance Sheet Provisions
£6.97m
Source: Note 12 'Financial assets at amortised cost'
15% Loss Pre-emption
£205k – £300k
Annual bad-debt & chargeback avoidance
Total Annual Benefit
£902k – £1.35m
Combined EBITDA + IFRS 9 reserve release
Audited Turnover & Result: £12,598,777 • Operating Result: (£5,600,799) • Net Result: (£8,995,375)
Wholesale / Senior Debt Facilities: Total Group Borrowings: £78,885,219.
- Venture Debt: £8,601,180 (from TriplePoint Capital LLC, Notes 14 & 15).
- Business Loans MI1 Senior Note: £4,748,009 (from Viola Credit Alternative Lending (FNX) SPV, L.P and Viola Credit VI, L.P, secured over all the Receivables of the Company, Notes 14 & 15).
- Newton Funding Senior Note: £33,921,182 (from Duomo Funding Plc, Notes 14 & 15).
- Newton Funding Subordinated Note: £15,812,173 (from Arvo Investment Funding S.a.r.l. and Kriya Finance Limited, Note 15).
- Griffin Payments Limited Senior Note: £15,802,675 (from Viola Credit ALF III, L.P., and Viola Credit ALF II, L.P., secured over all the company's receivables, Notes 14 & 15).
Statutory Audit Note Disclosure: The principal risks include macroeconomic outlook, higher interest rates, credit and fraud risk, and regulation. Credit and default risks are core business risks for lending operations, managed through customer relationships and robust underwriting policies. Exposure to credit risk is capped against the Company's Subordinated Note, and most assets are backed by Government Guarantees (70%-80%) for RLS and CBILS Receivables. Liquidity risk is managed through cash flow forecasts. Market risk includes currency risk (US dollar and Euro exposure, currently unhedged but capped), and interest rate risk (mismatch between fixed-rate Loans Receivable and floating-rate liabilities based on compounded SONIA rate). (Strategic Report, Page 6; Note 16, Page 32)
2. What Payment Teams Use Today vs. Why Merchant Collapses Still Slip Through
| Existing Tooling Layer | What It Checks | The Structural Blind Spot | How RecoupIQ Closes It |
|---|---|---|---|
| 1. Legacy Credit Bureaus Experian, Creditsafe, Equifax, Dun & Bradstreet | Day-0 onboarding KYB & static annual balance sheets | 30-to-60 day batch lag on Gazette Winding-Up Petitions, High Court claims, and director resignations (TM01) | Day-1 Court, Gazette Rule 7.10 & Companies House streaming triggers before T+1 payout |
| 2. Transaction Fraud Engines Stripe Radar, Adyen RevenueProtect, Sift, Featurespace | Stolen consumer cards, BIN velocity, device fingerprinting | Zero visibility into whether the UK merchant (CRN) receiving the payout is about to enter liquidation | Scores the UK corporate counterparty (CRN) in <150ms (`ALLOW` | `HOLD` | `BLOCK`) |
| 3. Open Banking Consents Plaid, TrueLayer, Yapily AIS feeds | Merchant bank account balances (when connected) | 90-day OAuth re-authentication drop-off; distressed directors revoke bank feeds first | Zero merchant consent required; 100% continuous coverage across all 5.3M UK companies |
3. Commercial Pricing & Unit Economics (30x+ Single-Collapse ROI)
Step 1 • Proof of Value
£0 Historical Backtest
Test 10 to 50 of Kriya (MarketFinance)’s past merchant write-offs or chargeback defaults right now. We show the exact date RecoupIQ would have triggered
HOLD or BLOCK prior to collapse.Step 2 • Shadow Pilot / Growth API
£1,495/mo (or £0.05/check)
Includes 30,000 synchronous pre-payout checks/month + daily Gazette Rule 7.10, CCJ & director-exodus webhooks across your active UK merchant book.
The Payback Math
1 Intercept = 32x ROI
Preventing a single mid-sized UK merchant default or C2B chargeback wave (£48,500–£85,000 average loss) pays for 2.5+ years of the RecoupIQ API on day one.
Direct Founder Access • Zero NDA Required to Test
Run a 60-Second Backtest or Speak Directly With Alex
Paste 10 to 50 UK Company Registration Numbers (CRNs) into our self-serve backtest workbench, or email contact@recoup-iq.tech with your phone number and Alex will call you directly for a 10-minute walkthrough of Kriya (MarketFinance)’s statutory exposure model.