Managing cashflow remains one of the toughest challenges for small and medium-sized businesses. Rising costs, long payment cycles and increasing wage pressures can squeeze operations, especially when payments have long terms or are delayed.
That’s why Float has partnered with TRIVER. By advancing the cash tied up in their invoices, TRIVER enables businesses to accelerate their own cashflow to meet their working capital needs.
We spoke to the team at TRIVER to understand how it works and why it’s helping SMEs grow with confidence.
Who are TRIVER?
TRIVER helps SMEs manage their cashflow and working capital by giving businesses instant access to the cash they have tied up in their customer invoices.
Rather than waiting 30, 60 or even 90 days for a customer to pay, a business can submit the invoice to TRIVER and receive the cash into their bank within 24 hours. Once the business’s customer pays the invoice, the business simply repays TRIVER.
It’s a simple, flexible way to boost cashflow without taking on any new debt. It advances money the business has already earned, but just has not yet received.
What makes TRIVER a good option for SMEs?
TRIVER accelerates the income the business has already earned, improving cash flow without adding new debt. This removes the risk of a debt spiral and offers a far smarter way to manage working capital.
Traditional finance can be slow, complicated, expensive and often built for much bigger businesses. Being specifically designed for SMEs, TRIVER has simplified everything. There are no personal guarantees, no long application processes and no fixed commitments.
It’s free to open an account and businesses only pay when they choose to advance an invoice, they never incur costs for credit they do not need.
How invoice financing works
Advance: Decide which unpaid invoices you wish to advance to turn into ready-to-use funds.
Receive: Access the majority of the invoice value, transferred to your business account within 24 hours.
Repay: Advances are repaid once your customer pays their invoices, or up to 120 days, whichever comes first.
Is this similar to invoice factoring?
No, unlike invoice factoring, you can select the invoices you wish to advance and the use of the facility is invisible to your clients. Invoice discounting is a way to generate instant cash flow from your client invoices by advancing their payment instead of taking new debts.
What are the eligibility requirements?
To be eligible, the business needs to:
Be a UK-based Limited Company or LLP
Have been trading for at least 2 years
Have a turnover of £100,000 or more
Use a business bank account (connected via open banking)
Invoice other businesses or public bodies
What are the associated costs?
TRIVER charges a simple and straightforward daily fee.
There are no hidden fees, no set-up costs, no account subscription fees, no early repayment fees.
You only pay for what you use and the days it is used for.
The daily rate starts from 0.06% and is applied to the advanced amount. For example, if you advance £1,000 for 30 days, the total cost would be: £1,000 x 0.06% x 30 days = £18
There are no penalties for early repayment, and extensions are available at the same rate.