TRIVER Funding News – UK-based TRIVER Secures £2.5 Mn Seed Funding

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A recent partnership with Elcom, a procurement platform for the public sector, exemplifies Triver's approach to embedded finance. Elcom processes billions of pounds of supplier invoices annually. The new partnership will allow SMEs that supply the public sector to take immediate payment—once an invoice has been approved—and could transform cash flow management for those firms.

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“We’re applying new tech to solve a real-world problem,” said Jerome Le Luel, Founder & CEO of Triver. “SMEs are at the heart of the economy, and we want to help them flourish.”

“Working in partnership with Triver helps us solve one of our clients’ most common challenges,” said William Lock, Chairman at Elcom. “Public sector contracts can be transformative for many small businesses but delivering at scale can squeeze working capital. Triver is fast and easy to use and solves the funding gap.”

“The new funding we’ve announced is further validation of our groundbreaking solution for small business owners,” said Le Luel. “Our vision remains to leverage the latest technology and Open Banking data to provide SMEs with access to cashflow finance at the point of need.”

About TRIVER

TRIVER provides small businesses with instant capital in a click. Using Open Banking data and AI models, TRIVER is revolutionising how small businesses can access finance.​ TRIVER API-first platform is designed to be embedded with the digital service providers of the real economy (accounting software, digital banks, procurement software, etc.). TRIVER serve small businesses from any industry, enabling a broad range of partners to offer a flexible capital solution to their small business clients without complexity.