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Avellinia Capital (AvCap) Partners with British Business Bank to Fund UK FinTech Lenders and Asset Originators

Press release 17 June 2025

Avellinia Capital (“AvCap”), a private credit investment firm specialising in asset-based financing and capital solutions, announced today a new partnership with British Business Bank aimed at bolstering funding for UK FinTech lenders and asset originators. Through this collaboration, hundreds of UK smaller businesses are expected to benefit from increased access to finance and a higher supply of working capital. The first recipient of this dedicated funding under the partnership will be Triver, a FinTech lender focused on offering flexible finance options to smaller businesses.

This partnership with Avellinia Capital represents the first commitment under a new approach the British Business Bank is taking. By supporting fund managers that back FinTech lenders, the British Business Bank is helping to address a funding gap in the early-stage FinTech lender space. 

Matthias Dux, Founding Partner at Avellinia Capital, said :

We are pleased to partner with British Business Bank, a recognised leader in supporting UK businesses.

Adam Kelly, Managing Director and Co-Head of Funds, British Business Bank, said:

The British Business Bank has been supporting the FinTech sector since 2013. Whilst the sector is one of the UK’s greatest strengths, there are limited institutional funders active in the early-stage FinTech market. By partnering with Avellinia Capital, British Business Bank will be able to support fast-growing FinTech lenders servicing the UK smaller business market by co-investing alongside Avellinia Capital’s fund.

Julian Schickel, Founding Partner at Avellinia Capital, further highlighted the significant opportunity this partnership creates for UK FinTech, 

By leveraging British Business Bank’s extensive market expertise and AvCap’s origination and structuring capabilities, we aim to expand funding solutions for UK FinTech lenders and, in turn, help a wide range of small and medium-sized enterprises access the capital they need to grow.

This new funding line underscores Avellinia Capital’s strategy of providing asset-based financing and tailored capital solutions, backed by decades of expertise in complex credit markets.

Further Information

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Notes to editors

About Avellinia Capital (AvCap)

Avellinia Capital is a private credit investment firm that provides asset-based financing and capital solutions to startups and scale-ups in the innovation economy. AvCap supports growing businesses with flexible, tailor-made financing. Learn more at Avellinia Capital.

About the British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank’s core programmes support over £17.4bn 1 of finance to almost 64,000 2  smaller businesses.

As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success. 

The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4bn in finance to 1.67m businesses. These schemes are now closed to new applications.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at British Business Bank.

The Investment Programme is operated by British Business Investments Ltd, a wholly owned commercial subsidiary of British Business Bank plc. British Business Investments Ltd is registered in England and Wales with company number 09091930, and registered office at Steel City House, West Street, Sheffield, S1 2GQ. 

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, British Business Bank plc or its subsidiaries or any other party in respect of Avellinia Capital or its products or services.

About Triver

Triver is a UK-based FinTech lender on a mission to revolutionise working capital access for small and medium-sized enterprises (SMEs). By using advanced data analytics and embedded finance solutions, Triver provides fast, flexible, and transparent financing products that help businesses manage cash flow and grow with confidence.

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