London-based fintech TRIVER has raised €130.5M in a mix of equity and debt to expand its AI-powered working capital platform for small businesses across the UK.
The round includes a €16M Series A led by AlleyCorp with participation from Axeleo Capital, Inkberry Ventures, Stride VC, and others. The debt financing was arranged with HSBC Innovation Banking UK and Avellinia Capital.
Fixing SME cash flow bottlenecks
Founded in 2023 by former Funding Circle and Barclays risk executive Jerome Le Luel, TRIVER tackles one of the biggest challenges facing small businesses: long payment cycles. With UK SMEs waiting an average of 55 days to receive payments — amounting to €150B in unpaid invoices — TRIVER enables them to turn invoices into instant cash flow.
Using Open Banking data and AI, TRIVER can approve a facility in 10 minutes and fund invoices in under five minutes — a process that typically takes banks weeks. Fees start at 1.8% for a 30-day invoice, making it a fast and cost-efficient alternative. Since launch, TRIVER has financed over 17,000 invoices worth £180M for 1,500 clients, with a Net Promoter Score of 94.
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Scaling with partnerships
The platform integrates with software like Xero, Birdie, Clear Books, and Soldo, enabling SMEs to convert invoices directly into cash from their existing workflows. It also collaborates with over 200 SME lending brokers and is expanding its partner ecosystem further.
With this new financing, the company plans to provide €1B in SME funding annually. The British Business Bank is supporting the facility through its partnership with Avellinia Capital.
What they’re saying
“Suppliers and staff need to be paid on time, but clients take time to pay. The firm gives businesses the flexibility to smooth cash flow without taking on new debt,” said founder & CEO Jerome Le Luel.
Clare Mitchell, Director at HSBC Innovation Banking UK, added:
“We’re delighted to support TRIVER’s mission to scale its cash flow finance solution across the UK. With our tools and networks, we can help ambitious fintechs like TRIVER grow faster.”
