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Overview: Helping TRIVER support small businesses with instant capital in a click
Helping TRIVER support small businesses with instant capital in a click
When it comes to accessing working capital, small businesses face a number of challenges. Application processes can be lengthy and often require significant paperwork. Even then, once loans are approved, it can sometimes take weeks for businesses to receive the funds, making it harder to service their short-term needs.
But through using advanced data and sophisticated AI, small business working capital provider TRIVER has revolutionised how small businesses access finance, underwriting the risk of small business borrowing in an automated and near-instant way.
Challenge overview
As a new fintech, TRIVER wanted to deliver a seamless process for small businesses wanting access to instant credit. Existing solutions targets larger international enterprises, requiring manual approval processes and slow decision making.
Challenges
- Need to streamline processes
- Reduce manual approvals
- Speed up decision making
View TRIVER Profile
Company Bio:
TRIVER provides small businesses with instant capital in a click. Using Open Banking data and AI models, they are revolutionising how small businesses can access finance.
Their API-first platform is designed to be embedded with the digital service providers of the real economy (accounting software, digital banks, procurement software, etc.). They serve small businesses from any industry, enabling a broad range of partners to offer a flexible capital solution to their small business clients without complexity.
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| Founded: | 2023 |
| Specialties: | Fintech, Embedded Finance |
As a new fintech we have the opportunity to build a solution from scratch that fully utilises the latest digital solutions and data availability. Having worked with Experian before we knew that they could provide the expansive data sources to support a fully automated solution.
Solution overview
As well as using Commercial Delphi to streamline the approval process, TRIVER also uses a range of other data-driven solutions to provide operational agility. TRIVER employs Experian’s API services to provide real-time updates across digital channels, giving small businesses and TRIVER’s team, a seamless set of tools. And, by using Experian’s know your customer (KYC) products, TRIVER can offer its clients a rapid end-to-end application and approval process.
Experian’s suite of solutions help TRIVER deliver an end to end customer journey of up to 2.5 minutes.
Find out how Commercial Delphi can help your business
Results
- Quicker access to working capital
- End to end journey in up to 2.5 mins
- Smarter more accurate decision making
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