Liberis, a London, UK-based company which specializes in embedded business finance solutions, raised $112M in debt financing.
Backers included HSBC Innovation Banking and BCI Capital across its European and North American divisions.
The company intends to use the funds to support its further growth in North America and Europe and expansion into new markets, including Canada and Germany.
Led by CEO Rob Straathof, CEO, Liberis is using AI and machine learning-powered analytics to power its embedded finance platform, providing personalised flexible finance solutions to small businesses. Through its global partners such as payment acquirers, neobanks, e-commerce platforms and financial institutions, Liberis has funded over $1.5 billion in over 60,000 transactions.
Commenting on the news, Rob Straathof, said: “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.”
The total funding secured by Liberis from capital providers as well as investors reached over $700m to date. Its equity backers included Barclays, Blenheim Chalcot, and FTV Capital.
FinSMEs
07/12/2023