Triver secures £7m in seed funding from investors including Stride to automate SME finance.
The round was led by Stride with participation from high profile funds and angel investors.
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.
London based financial technology venture Triver has secured £7m in seed funding to expand its automated lending platform for small businesses. The investment round was led by Stride, with participation from Axeleo Capital, Motive Partners, Andreessen Horowitz, Sequoia Capital, and angel investor Dan Cobley. The capital will support the development and deployment of Triver, which uses open banking and advanced credit analytics to provide rapid invoice financing solutions through digital service partners.
From the founder
"But at Triver, we’ve cracked the code. Using Open Banking and artificial intelligence we are revolutionising how SMEs access finance and are partnering with digital service providers already trusted by these businesses."
Jerome Le Luel
Founder & CEO at Triver
Investor perspective
"With millions of small businesses in the UK, there is a huge underserved market for SME finance – primarily due to antiquated lending processes. The right data and technology is now available to radically change this. With Triver we will make lending to the founders and business owners of the real economy way more efficient and economical. This is a mission we’re delighted to support."
Fred Destin
Founder, Stride
