Liberis secures US$112m in funding to fuel expansion

Embedded business finance platform Liberis has secured US$112m in debt funding from HSBC Innovation Banking and BCI Capital

Pioneer for embedded business finance solutions, Liberis, has secured US$112m in debt financing to fuel its continued growth across Europe and North America. 

Per the capital injection from HSBC Innovation Banking and BCI Capital, Liberis can now realise its ambitions to go live in Canada, Germany and Poland.

Liberis CEO Rob Straathof says: “The joint debt facility from HSBC Innovation Banking and BCI Capital allows Liberis to serve thousands more business owners with fair and frictionless funding through our partners using our embedded finance platform. 

“It enables us to extend our reach into new markets like Canada, Poland, and Germany. We are thrilled to be supported by our capital partners as we continue to serve businesses with innovative and flexible funding solutions."

Since its founding, Liberis has funded nearly US$1.5bn in over 60,000 transactions across the UK, Europe and North America. It now hopes to close the unmet financial needs of US$5.2tn SMBs collectively face every year by expanding its presence into new markets. 

Liberis: Capping off a milestone 2023

This latest debt financing marks a significant milestone for Liberis in 2023, boosting its mission to solve the SMB funding gap and strengthening its commitment to provide small businesses with accessible and adaptable financial options. 

For Liberis, the needs of SMBs couldn’t be more important today, with margin pressures extremely high as inflation hits, consumers spend less and staff become harder to find. 

Nima Montazeri, CPO at Liberis, adds: "The challenge faced by small businesses when seeking finance is indicative of the inflexible lending criteria maintained by traditional banks, which often unfairly categorise SMEs as high-risk borrowers.

“This issue stems from outdated lending practices and technologies that fail to adequately cater to the needs of smaller, asset-light businesses.

“By deploying advanced AI and ML algorithms and leveraging a large data pool built over more than a decade in the business, Liberis can offer SMEs innovative and highly personalised products that meet their needs for sustainable growth, no matter where in the world they’re based.”

This latest round of funding takes the total amount raised at Liberis to over US$700m, with equity backers throughout the years coming in the form of Barclays, Blenheim Chalcot and FTV Capital to name a few. 

Now with the backing of HSBC Innovation Banking and BCI Capital, Liberis is set to continue its trajectory of empowering SMB owners with the financial tools they need to succeed in an increasingly challenging economic landscape.

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