Triver Company Research Report

Company Overview

• Name: Triver Ltd.

• Mission of the Company: Triver exists to power business owners with extraordinary financial tools to make the real economy prosper by providing instant access to short-term capital.

• Founded and Founders: No information is available.

• Key People:

• Jerome Le Luel - Founder & CEO

• Gokce Yucealpan - Chief Commercial Officer

• Ben Emery - VP of Engineering

• Jenny Holt - Chief Risk Officer

• Gui Valerio - VP of Product

• Headquarters: Registered in England and Wales.

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the Company Known For: Triver is known for leveraging Open Banking data and sophisticated AI to provide SMEs with instant capital, solving cash flow challenges and supporting economic growth without the need for traditional lending practices.

Products

• Products Offered: Invoice discounting and working capital solutions.

• High-level Description of the Product:

• Triver provides a facility for small businesses to turn their client invoices into instant cash flow. The platform is automated and integrates Open Banking data to process funds faster than high street banks.

• Key Features:

• Instant Capital Access: Advance client invoices 24/7.

• No Personal Guarantee Required: Simplifies access with no need for personal backing.

• Cost Transparency: Simple discount fee per transaction, without hidden charges.

• Digital Process: Entirely online and accessible 24/7, enhancing efficiency.

• Flexibility: Facilities grow with the business and can be reused any time.

• Simplicity: Set up within minutes and manage seamlessly with no paperwork.

Recent Developments

• New Funding:

• November 2023: Raised £20m from Avellinia Capital to expand its offerings to provide over £200m of funding annually.

• April 2023: Raised £7m in equity funding from investors like Andreessen Horowitz, Stride VC, and Sequoia Capital.

• Product Prototyping and Launch:

• Launched the first prototype in May and a commercial proposition by August 2023, advancing over £1m in invoices with an average size of £12,000.

• Technological Enhancements:

• Continued development reducing setup time for facilities and funding times drastically, aiming towards sub-10 minute facility setup and less than 1-minute invoice funding.

• Partnerships:

• Signed agreements with 11 distribution partners, including Funding Options by Tide, Newable, Swoop, Clear Business Finance, and Capitalise.

• Announced partnerships enhancing integration with platforms for accounting, SME services, and more.

• Awards and Media Recognition: No information is available.

Contact Information

• Press inquiries: press@triver.com

• Partnership inquiries: partners@triver.com

• General contact: info@triver.com

Company Values

• Earn Trust: Committed to reliable customer and partner support.

• Make It Clear: Focus on clarity in communication and solution offerings.

• Fast & Rigorous Decisions: Agile and evidence-based decision-making.

• Low Ego, High Bar: Continuous pursuit of excellence and collective success.

Conclusion

Triver stands out in the fintech domain as a pioneer in offering SME-centric financial solutions through technologically advanced platforms that minimize traditional barriers in accessing capital. The company is actively expanding its footprint and capability through strategic investments and partnerships, aiming to redefine the landscape of working capital finance for small businesses.