Triver secures £114m in debt and Series A funding led by AlleyCorp
The financing round was led by AlleyCorp and includes debt facilities from HSBC Innovation Banking UK and Avellinia Capital.
Triver is a London-based financial technology firm that uses artificial intelligence and open banking data to provide instant cash flow finance for small businesses.
Triver has secured £114m in a mixed equity and debt financing package to expand its cash flow finance operations for small businesses. The funding round comprises a £14m Series A equity investment led by AlleyCorp, with participation from Axeleo Capital, Inkberry Ventures, Stride VC, and other backers. In addition, the company arranged new and expanded debt facilities totalling up to £100m provided by HSBC Innovation Banking UK and Avellinia Capital. The capital will enable Triver to scale its lending capacity and support thousands of British firms with faster access to working capital.
From the founder
"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."
Jerome Le Luel
Founder & CEO at TRIVER
Investor perspective
"We’re delighted to be supporting TRIVER with this new facility, enabling the company to continue to scale its cashflow finance offering to an ever-growing number of small businesses across the UK."
Clare Mitchell
Director, Fintech, HSBC Innovation Banking
Investors
AlleyCorp
Axeleo Capital
Inkberry Ventures
Stride
Clare Mitchell
HSBC Innovation Banking
Avellinia Capital
