UK fintech Triver has raised an additional £8 million in a Series B equity round led by Calderwood Capital, with support from existing investors. The round brings the company’s total venture capital investment to £30 million as it looks to scale its Cashflow Streaming proposition for small and medium-sized businesses.
Founded in London in 2023, Triver uses bank account data, accounting data and AI to assess SME borrowing risk and advance cash against outstanding invoices. The company says businesses can receive a new facility of up to £700,000 within 10 minutes of starting an application, while individual invoices can typically be funded in less than five minutes.
The Real Product Is Speed
Traditional SME finance often requires businesses to wait for applications, underwriting and manual checks before accessing working capital. Triver is building around a different assumption: if a fintech can analyse a company’s financial data in real time, funding decisions can happen when the business actually needs the money.
Its integrations with Sage, Xero and QuickBooks allow Triver to connect directly to the accounting systems where invoices already exist. Fees start at 1.8% for a 30-day invoice, giving businesses a way to turn outstanding receivables into cash without waiting for customers to pay.
The proposition appears to be resonating with its target market. Triver now serves 2,400 clients and has financed more than 40,000 invoices worth £400 million since launch. More than 90% of its monthly revenue comes from repeat usage, while its Net Promoter Score stands at 92.
From Fintech Product to Embedded Infrastructure
The next phase of Triver’s strategy is particularly interesting. The company plans to use the new capital not only to improve its own product, but also to build integrations with brands that want to offer funding directly to their SME customers.
Triver is already working with Tide Bank to make Cashflow Streaming available within its environment, with additional embedded finance partnerships in development. This creates a second distribution model for the company. Instead of acquiring every SME directly, Triver can become the financing infrastructure behind platforms that already serve them.
That shift could materially expand its addressable market. Accounting platforms, banks and other SME-focused software providers already have the customer relationships and financial data. Triver can provide the underwriting and funding layer on top.
Data Is Changing SME Underwriting
Triver’s model also reflects a broader evolution in business lending. Access to bank transaction data and accounting information gives lenders a much more current picture of an SME’s financial position than traditional application-based underwriting.
For Triver, AI is what turns that data into an automated decisioning process. The company’s proposition is built around continuously assessing the business rather than treating financing as a one-off application.
The model is led by Jerome Le Luel, who previously served as Chief Risk Officer at Funding Circle and Global Head of Risk Analytics at Barclays. That background is particularly relevant for a company whose core challenge is balancing faster access to capital with responsible risk assessment.
Key takeaways for fintech startups
- Solve the timing problem: Triver is addressing a fundamental SME pain point by making capital available when invoices are created rather than when customers eventually pay.
- Turn data into infrastructure: Bank and accounting data become significantly more valuable when they can support automated financial decisions.
- Build distribution into the model: Embedded partnerships can allow fintechs to scale through existing customer relationships rather than relying entirely on direct acquisition.
- Repeat usage matters: More than 90% of Triver’s monthly revenue coming from repeat customers suggests the product is becoming part of customers’ ongoing financial workflows.
- Speed only works with risk controls: Faster underwriting needs strong data and risk expertise underneath it, particularly in SME finance.
Triver is now moving from proving that businesses want faster invoice funding to proving that Cashflow Streaming can become a broader infrastructure layer for SME finance. If you’re building a fintech product and looking to turn it into scalable financial infrastructure, Contact us.
