Triver secures £2.5m in seed follow on investment to expand working capital services for small and medium enterprises.
The convertible bridge loan was provided by existing investors to support further growth.
Triver provides automated short term working capital to small and medium enterprises by using Open Banking data and risk underwriting technology. The firm aims to ease cash flow constraints for growing businesses.
Triver has secured £2.5m in a seed follow on investment from existing backers. The convertible bridge loan follows previous funding rounds and is designed to support the continued expansion of its working capital services for British small and medium enterprises.
The firm has funded over £20m of invoices since its launch, assisting more than 250 enterprises by automating credit decisions. Its platform allows businesses to obtain funds within minutes of application, contrasting with traditional high street lenders that typically take weeks to establish credit facilities.
From the founder
"We’re applying new tech to solve a real-world problem. SMEs are at the heart of the economy, and we want to help them flourish."
Jerome Le Luel
Founder & CEO at Triver
Use of funds
- 01Scale operations
