We are excited to announce our investment in Triver, a platform that gives UK SMEs the ability to turn client invoices into instant cash flow whenever they wish, providing an open-ended facility up to £400,000.
🎯 The Round
We participated in the £14M Series A led by AlleyCorp with participation from Axeleo Capital, Inkberry Ventures, Stride VC. The company has also secured additional debt facilities from HSBC Innovation Banking and Avellinia Capital for an additional £100M.
💡 Invoice Finance, Reinvented
Across the UK, more than 5M small businesses face cash flow gaps while waiting 30–90 days for customers to pay. In total, SMEs are owed £150B in outstanding invoices at any time. Triver solves this by funding invoices in under five minutes, using open banking data and automated underwriting. Success to date is underpinned by TRIVER’s approach to embedded invoice finance. Its API-first platform integrates seamlessly with the digital service providers SMEs already rely on to run their businesses.
🚀 Traction
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~1,500 clients served
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17,000+ invoices financed
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Over £180M in invoice volume to date
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NPS of 94
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Partnerships with Xero, Worldpay, and 200+ SME brokers
🛡 The Team
Led by Jérôme Le Luel (CEO), former Chief Risk Officer at Barclays and Funding Circle’s Chief Risk Officer, who also designed the UK’s COVID SME loan scheme.
Jerome’s comments: ” We solve one of the biggest problems in the real economy – suppliers and staff need to be paid on time, yet clients take time to pay”
Triver’s ambition is to finance £1B annually of SME invoices and become the default embedded cash flow layer for small businesses across Europe.
