Triver, a fast-growing SME finance provider, is reshaping how small businesses manage cash flow by combining Open Banking data with AI-driven underwriting. Unlike traditional banks that rely on manual processes, Triver automates the entire financing journey, allowing small businesses to access funds against client invoices instantly—24/7.
With Triver, a new facility can be approved in just 10 minutes, and invoices are typically funded within 5 minutes. By contrast, high street banks often take up to four weeks to open a facility and a full day to advance funds. Triver’s fees start from just 1.8% for a 30-day invoice, making it both faster and more affordable than conventional options.
£114 Million Growth Funding
The £114 million financing package consists of £14 million in Series A equity funding, led by AlleyCorp with participation from Axeleo Capital, Inkberry Ventures, Stride VC, and others. In addition, Triver has secured a £65 million debt facility from HSBC Innovation Banking UK and Avellinia Capital, with the potential to expand to £100 million.
This funding will enable Triver to provide £1 billion in annual financing to small businesses across the UK. The British Business Bank is also backing the initiative through its partnership with Avellinia Capital, further strengthening support for UK fintech lenders.
Rapid Growth and Strong Adoption
Founded in 2023 by Jerome Le Luel—former Chief Risk Officer at Funding Circle and Global Head of Risk Analytics at Barclays—Triver has quickly become a trusted partner for SMEs. The company has already supported over 1,500 clients, financing more than 17,000 invoices worth £180 million since its launch. With an impressive Net Promoter Score (NPS) of 94, Triver enjoys high customer loyalty and repeat usage.
Embedded Finance at the Core
At the heart of Triver’s success is its API-first platform, designed to integrate seamlessly with the digital tools SMEs already use. Its latest partnership with Xero allows small businesses to convert client invoices into instant cash flow directly within their Xero accounts.
Triver has also partnered with platforms like Birdie (payments), Clear Books (accounting), Elcom (procurement), and Soldo (spend management). Additionally, it collaborates with over 200 SME lending brokers, expanding its reach through trusted industry networks.
Voices from Leadership and Partners
Jerome Le Luel, Founder & CEO of Triver, said:
“UK SMEs are owed £150 billion in unpaid invoices, with average payment terms stretching to 55 days. This creates constant cash flow pressure. Triver solves this by turning invoices into immediate working capital—without additional debt. With AI and Open Banking, we’ve made this process faster, safer, and more flexible than ever. This new funding allows us to scale and support even more small businesses.”
Clare Mitchell, Director of Fintech at HSBC Innovation Banking UK, added:
“We’re proud to support Triver as it scales its innovative cash flow finance offering. Our partnership will help Triver reach more UK small businesses, providing them with the tools they need to grow sustainably.”
The Road Ahead
With strong financial backing, advanced technology, and growing partnerships, Triver is on track to become a leader in SME cash flow finance—offering a faster, smarter, and more cost-effective solution than traditional lenders.
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