Triver

Triver is a London-based financial technology company that provides working capital solutions for UK small and medium-sized enterprises (SMEs) by offering instant cash advances on unpaid invoices. Founded in 2022 and officially launched in 2023, the company aims to solve the significant cash flow challenges faced by SMEs due to long payment cycles. The founder and CEO, Jerome Le Luel, leveraged his extensive experience in risk analytics from previous roles at Funding Circle and Barclays to create Triver. Le Luel and his founding team possess expertise from prominent financial and tech companies including Capital One, MarketFinance, and Credit Karma.

The company's core service allows businesses to convert their client invoices into immediate cash. It utilizes Open Banking data and artificial intelligence to automate the underwriting and risk assessment process, enabling rapid financing decisions. This technological approach allows SMEs to set up a borrowing facility in as little as 10 minutes and receive funds for an invoice in under five minutes, a significant time reduction compared to traditional banks which can take weeks. Triver's business model is based on charging a single discount fee for each invoice advanced, with costs starting at 1.8% for a 30-day invoice. There are no setup, interest, or exit fees, and businesses only pay for the funds they use.

Triver operates with an API-first, embedded finance strategy. The platform is designed to integrate with software and digital services that SMEs already use, such as accounting platforms, digital banks, and procurement tools. The company has established partnerships with Xero, Clear Books, Soldo, and Elcom, among others, allowing users to access financing directly through these platforms. This model also provides a revenue-sharing opportunity for its partners.

Since its launch, Triver has financed over 17,000 invoices worth £180 million for 1,500 clients. The company has secured significant funding to support its growth, including a Series A equity round and substantial debt facilities from entities like HSBC Innovation Banking and Avellinia Capital, with backing from the British Business Bank. Investors include AlleyCorp, Stride VC, Axeleo Capital, Andreessen Horowitz, and Sequoia Capital.

Keywords: invoice financing, working capital, SME finance, open banking, AI underwriting, cash flow solutions, embedded finance, invoice factoring, business loans, fintech lender, accounts receivable financing, trade finance, small business funding, Jerome Le Luel, flexible funding, cash advance, B2B finance, credit analytics, risk assessment, debt financing