intelligent

Leveraging Open Banking data and AI technology , TRIVER funds SMEs faster and more easily than high street banks . At a time when access to capital is crucial for businesses looking to survive the current economic instability , it alleviates the cashflow problems caused by unpaid invoices with a very simple , flexible and convenient cashflow financing product .

Carlo Gualandri , CEO and Founder of Soldo , said : “ We built Soldo because the status quo of managing business spend is broken and restrictive to growth . We continue to expand the capabilities of our platform to meet the needs of medium and large enterprises , as well as finding innovative ways to support SMEs . TRIVER mirrors our ambition for this segment and has developed a very compelling proposition , making this partnership a perfect fit .”

With TRIVER , Soldo ’ s SMEs customers will be able to access financing equivalent to up to 20 % of their annual turnover .

TRIVER was created in 2023 and is led by CEO and Founder , Jerome Le Luel , former Chief Risk Officer at Funding Circle and Global Head of Risk Analytics at Barclays . The FinTech gives customers instant access to capital by advancing their invoices , up to £ 100,000 for each invoice and for a maximum of 120 days . The onboarding process is digital and hassle-free , customers are charged only one simple fee for what they use .

Le Luel said : “ Five million small businesses in the UK generate billions of B2B turnover every year . That ’ s a huge amount of money . It ’ s also a sum , especially in the current climate , the

FIVE MILLION

SMALL BUSINESSES IN THE UK GENERATE BILLIONS OF B2B TURNOVER EVERY YEAR . THAT ’ S A HUGE AMOUNT OF MONEY .

economy cannot afford to lose out on due to poor access to capital .

“ To ensure SME Business Continuity , short-term financing solutions are vital – which is why we ’ re delighted to partner with Soldo to roll out a new way to access credit to more entrepreneurs across the country .”

As the exciting collaboration between Soldo and TRIVER is announced , it ’ s important to hear directly from those who have experienced the impact of this partnership firsthand . One such joint customer is Sahil Verma , CEO and Founder of Cookaway , a world food platform that allows consumers to access exciting world menus to cook at home .

Verma has opened an account with TRIVER seamlessly and has been utilising it smoothly . He said : “ We ’ ve been looking to use debt as a funding instrument , and I ’ ve reviewed several debt-based options in the market over the past few months ranging from business loans to revenue / inventory financing and invoice discounting . When we received the introduction to TRIVER from a trusted company like Soldo , I was intrigued and decided to try . I think TRIVER ’ s done a fantastic job in the way they onboard a customer , how they very quickly make a decision , set up a credit limit and allow the customer to start accessing the funds straight away . The process exceeded my expectations .” �