On September 26, 2025, London-based Triver, a working capital provider for small and medium enterprises (SMEs), secured up to £114 million in combined debt and equity financing. This funding package aims to support Triver’s goal of providing £1 billion in annual funding to UK small businesses.
The financing includes £14 million in equity from a Series A round led by AlleyCorp, with participation from Axeleo Capital, Inkberry Ventures, and Stride VC. This latest round brings Triver’s total venture capital investment to £21 million, following a £7 million fundraise in April 2023.
On the debt side, HSBC Innovation Banking has committed £35 million, with an additional £35 million potentially available. Avellinia Capital has also increased its facility to £30 million, up from an initial £20 million commitment made in November 2023.
Established in 2023, Triver addresses the short-term working capital needs of SMEs by leveraging AI and open banking data to streamline risk assessment for small business loans. The company states it can approve new credit facilities within 10 minutes, a timeframe it contrasts with the typical four weeks required by traditional banks.
Under the leadership of CEO Jerome Le Luel, former global head of risk analytics at Barclays, Triver currently serves 1,500 clients. Since its inception, the company has financed over 17,000 invoices, totaling £180 million. Triver operates an API-first platform designed for integration with software providers and digital business banks, and recently announced a partnership with online accounting software provider Xero.
