Triver provides SMEs with instant capital
IN BRIEF:
Triver is a London-based startup that provides short-term working capital to SMEs
Stride, Axeleo Capital and Motive Partners were involved in the round, with scout investment from Andreessen Horowitz and Sequoia Capital
Triver is designed to be embedded within digital service providers already serving SMEs
What does this mean?
“Existing short-term finance solutions rarely fully satisfy small businesses” says founder Jerome Le Luel. "Yet it’s not a simple puzzle to solve. SMEs have complex cash flow management and underwriting their credit risk automatically is very hard - it has not been a priority for banks. But at Triver, we’ve cracked the code. We’re partnering with fintech and SaaS providers who recognise the opportunity for short-term working capital solutions to support their SME clients. Through our API, we provide an embedded solution that will sit on these providers’ own platforms. Not only do we offer the best value short-term financing to SMEs, we also provide a value-share back to partners. By working with us, they can earn additional income without worrying about debt funding and credit risk.”
