The collaboration aims to close the funding gap for early-stage fintech lenders and expand capital access for UK SMEs.
Highlights:
- Strategic Co-Investment: British Business Bank and Avellinia Capital will co-invest to support early-stage fintech lenders underserved by institutional capital.
- SME Growth Focus: The initiative targets UK small and medium-sized enterprises (SMEs), improving access to flexible working capital.
- First Funding to Triver: Triver, a fintech lender for small businesses, is the first recipient under this new funding approach.
Summary: British Business Bank has announced a strategic partnership with Avellinia Capital to strengthen funding for UK fintech lenders and asset originators. This marks the first commitment under a new initiative to support fund managers backing early-stage fintechs—an area often overlooked by traditional institutional investors. The partnership’s goal is to unlock more capital for UK SMEs by co-investing in fintech lenders that provide flexible financing solutions.
Triver, a fintech focused on small business lending, is the first to benefit from this collaboration. By combining British Business Bank’s market expertise with Avellinia’s credit structuring capabilities, the initiative is set to accelerate innovation and growth in the UK’s fintech ecosystem.
