Published: September 24, 2025 at 7:25 am
SME working capital provider TRIVER has secured up to £114 million to revolutionise how UK small businesses can access finance.
The London-based FinTech firm leverages open banking data and AI to underwrite the risk of small business borrowing instantly and automatically. It says it can provide advances on a business’s client invoices 24/7.
Founded in 2023 by a team led by Jerome Le Luel, former Funding Circle chief risk officer and global head of risk analytics for Barclays, it currently serves 1,500 clients and has financed more than 17,000 invoices worth £180m since launch.
Its £114m financing is part equity and part debt facility, secured with HSBC Innovation Banking UK and Avellinia Capital.