London-based TRIVER raises further €22.9 million to revolutionise how SMEs access finance with Open Banking

London fintech Triver raises £20M to revolutionise the way small businesses access finance — TFN

TRIVER, a London-based fintech startup, has secured a €22.9 million debt facility from Avellinia Capital. This funding will enable TRIVER to offer over £200 million of funding annually to help small businesses in the UK and further its product development. TRIVER leverages Open Banking data and AI to provide fast and automated short-term working capital solutions to SMEs, offering advances on client invoices within 3 hours of application and typically funding invoices in 2.5 minutes. The company has already signed 11 distribution partners, including Funding Options by Tide, Newable, Swoop, Clear Business Finance, and Capitalise.

TRIVER Secures €22.9 Million Debt Facility to Expand SME Funding

TRIVER is a London-based fintech startup that provides working capital to small and medium-sized enterprises (SMEs) through Open Banking technology. The company leverages AI and Open Banking data to underwrite and fund short-term working capital needs for SMEs, offering faster and more accessible financing than traditional banks. TRIVER's platform allows SMEs to access funding within 3 hours of applying and invoices are typically funded in 2.5 minutes. The company aims to further reduce these times to sub-10 minutes for opening a new facility and less than 1 minute for advancing an invoice. TRIVER's model is designed to be embedded within digital service providers already serving SMEs, enabling them to offer short-term working capital solutions to their customers.

A London-based fintech startup that provides working capital to SMEs through Open Banking technology.

2 years ago

TRIVER Secures €22.9 Million Debt Facility to Expand SME Funding

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