Osborne Clarke advises TRIVER on £14m Series A as part of £114m financing package

International law firm Osborne Clarke has advised London-based FinTech TRIVER on its £14m Series A equity investment, part of a wider £114m financing package that will enable the company to provide up to £1bn of annual funding to UK SMEs.

The equity financing comprises a £14m Series A round led by AlleyCorp, with support from Axeleo Capital, Inkberry Ventures, Stride VC and others, together with a new debt facility from HSBC Innovation Banking UK and Avellinia Capital.

Founded in 2023, TRIVER uses Open Banking data and AI to automate the underwriting of small-business invoice-financing. SMEs can receive a facility within 10 minutes and fund invoices in less than 5 minutes, compared to the weeks typically required by traditional lenders. Since launch, TRIVER has financed more than 17,000 invoices worth £180m for over 1,500 clients and continues to expand embedded partnerships, including a recently announced integration with Xero.

The Osborne Clarke team advising TRIVER was led by partner James Taylor, with support from Adam Turner and Elaina Bell (corporate).

“TRIVER’s AI- and Open Banking-driven model is transforming how small businesses access working capital, providing them with instant, affordable finance when it matters most. Supporting ambitious companies like TRIVER to secure the funding they need to scale is at the heart of what we do, and this deal is a great example of how innovation can create real impact across the economy.”

James Taylor, Partner at Osborne Clarke

Osborne Clarke's international financial services sector team advises clients ranging from start-ups, scale-ups/growth businesses and FinTech unicorns to challenger banks, payments, retail and consumer finance, platforms, large corporates and institutions as well as lenders, investors and industry bodies and regulators.