Fintech Triver secures £114m led by AlleyCorp with debt from HSBC Innovation Banking
This article covers a Series A on 24 September 2025 for Triver, the London-based fintech using AI and Open Banking to provide instant invoice finance to UK SMEs, founded by Jerome Le Luel and Dan Cobley. It raised £114m in total, with the Series A led by AlleyCorp and a debt facility from HSBC Innovation Banking UK.
What does Triver do?
TRIVER is a fintech platform offering invoice finance to small businesses using Open Banking and AI. It converts client invoices into cash advances for working capital, using automated checks to provide funds within minutes.
Why is Triver useful?
Problem
According to FSB research, small businesses face long payment delays and limited access to fast working capital when clients take weeks to pay. Traditional banks take weeks to approve facilities and a day or more to advance invoices.
Solution
Triver explains it uses Open Banking and AI to underwrite risk instantly and fund invoices within minutes. It embeds in accounting software like Xero so small businesses can turn invoices into cash fast.
How much did Triver raise?
TRIVER secured up to £114m in financing, including a £14m Series A led by AlleyCorp alongside existing backers, plus a debt facility with HSBC Innovation Banking UK. This makes it the 3rd largest funding round in September 2025 (43 recorded). It stands 16th for 2025 (450 total) in the Startupmag database, as of 24 September 2025.
For details on how Startupmag compiles its rankings, view our Methodology.
Who invested in Triver?
The key investors and lenders involved were:
- AlleyCorp: A US venture firm that invests in early-stage technology companies.
- Axeleo Capital: A European venture capital firm focused on early-stage B2B technology and SaaS businesses.
- Inkberry Ventures: A venture capital firm that backs early-stage technology startups.
- Stride VC: A UK venture capital firm investing in early-stage technology companies.
- HSBC Innovation Banking UK: The specialist arm of HSBC that provides debt and banking facilities to growth-stage and fintech businesses in the UK.
- Avellinia Capital: A credit and lending firm that supplies debt financing and credit facilities to fintech lenders and alternative finance businesses in the UK.
In the funding announcement, Clare Mitchell from HSBC Innovation Banking UK said:
We’re delighted to be supporting TRIVER with this new facility, enabling the company to continue to scale its cashflow finance offering to an ever-growing number of small businesses across the UK. At HSBC Innovation Banking, we have the tools, experience, and connections to help ambitious fintechs, like TRIVER, through every stage of their growth journey.
The investor said it is working with the TRIVER team alongside Avellinia Capital as an additional financing partner.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
- Browse our directory of fintech angel investors in the UK
Who founded Triver?
The founders of Triver are Jerome Le Luel and Dan Cobley.
In the funding announcement, Jerome Le Luel, founder and CEO of Triver said:
“We solve one of the biggest problems in the real economy – suppliers and staff need to be paid on time, yet clients take time to pay. With 55 days of average payment terms, UK small businesses are constantly owed £150bn in commercial invoices waiting to be paid.
The company continued that TRIVER allows businesses to turn client invoices into instant cash flow to fund working capital, that this is presented as a flexible and cost-effective solution to smooth cash flow without taking new debt, and that using AI and Open Banking ensures transactions are secure. It added the financing will allow it to accelerate its growth and help more British small businesses.
Where is Triver based?
Triver is based in London, UK.
What sector is Triver in?
Triver operates in the fintech sector. The fintech sector uses technology to improve financial services. It helps businesses and people manage money faster and more affordably.
Key trends and challenges in Fintech:
AI and Open Banking for instant decisioning
Lenders use bank transaction data and machine learning to underwrite loans in minutes, not weeks.
Embedded finance and API-first integrations
Embedding finance inside accounting or payments software helps businesses access cash without switching platforms.
Regulatory, data privacy and funding cost pressures
Privacy rules and higher interest rates raise compliance burdens and increase costs for fintech lenders.
For a deeper look at innovation in this space, see the fintech startups in the UK.
They've invested in Triver
Get to know these fintech investors
| Investors | Investment Focus | Startup Investments | Round Size | Connect |
|---|---|---|---|---|
 AlleyCorp( ) AlleyCorp is a venture capital firm focused on building and investing in transfo... NYC, US  | ||||
 Axeleo Capital( ) Axeleo Capital (AXC) is an early-stage venture capital firm focusing on B2B soft... Lyon, France  | ||||
 Inkberry Ventures( ) , US | ||||
 Stride VC( ) Stride.VC LLP is a UK-based venture capital firm focused on investing in compani... London  | ||||
 Avellinia Capital( ) Luxembourg, Luxembourg | ||||
 British Business Bank( ) The British Business Bank focuses on enhancing finance accessibility for smaller... Sheffield | ||||
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Click here for a full list of 7,589+ startup investors in the UK