TRIVER secures $152m to boost SME cash flow

By Vriti Gothi

TRIVER has raised $152 million in combined equity and debt financing, marking a major milestone in its mission to revolutionise SME access to cash flow finance.

The London-headquartered company leverages cutting-edge AI and Open Banking technology to underwrite small business credit risk instantly and automatically. By providing advances on client invoices 24/7, TRIVER offers SMEs rapid, reliable, and cost-effective access to capital far faster than traditional high street banks.

With TRIVER, small businesses can establish a new finance facility within ten minutes of application, and invoices are typically funded in under five minutes. In contrast, traditional banks can take up to four weeks to open a facility and 24 hours to fund invoices due to manual processing. TRIVER’s pricing begins at 1.8% for a 30-day invoice, combining speed with affordability.

The $152 million financing package comprises a $18.7 million Series A equity round led by AlleyCorp, supported by Axeleo Capital, Inkberry Ventures, Stride VC, and others, alongside a strategic debt facility with HSBC Innovation Banking UK and Avellinia Capital. HSBC Innovation Banking has provided $46.75 million in debt, with a further $46.75 million potentially available, while Avellinia Capital’s facility extends to $40 million. This funding increases TRIVER’s total venture investment to $28million and its combined debt capacity from $26 million to $86 million, potentially reaching $133 million, positioning TRIVER to deploy $1.3 billion annually to UK SMEs. The facility also benefits from British Business Bank support via Avellinia Capital, enhancing access to FinTech-backed SME finance.

Jerome Le Luel, TRIVER Founder & CEO, said, “We solve one of the biggest challenges in the real economy: suppliers and staff need to be paid on time, yet clients often delay payment. With 55 days of average payment terms, UK SMEs are owed £150 billion in outstanding invoices. TRIVER allows businesses to turn these invoices into instant cash flow, providing the most flexible and cost-effective solution to smooth working capital without taking on additional debt. Using AI and Open Banking, we’ve completely reimagined how this works, securely and efficiently. This new financing allows us to accelerate our growth and support even more British SMEs to thrive.”

Clare Mitchell, Director, FinTech, HSBC Innovation Banking UK, added, “We’re delighted to support TRIVER with this new facility, enabling the company to scale its cashflow finance offering to an ever-growing number of UK small businesses. At HSBC Innovation Banking, we provide the tools, expertise, and connections to help ambitious FinTechs like TRIVER at every stage of growth. We are proud to work alongside Avellinia Capital and the TRIVER team to deliver meaningful impact for the SME community.”