Liberis, a London, UK-based company that builds flexible embedded finance solutions that empower businesses and provide a positive impact, secured an additional €30 million in financing.
The investment was from Silicon Valley Bank UK to grow its European business. This brings Liberis’s total funds raised to €430 million.
The funding helps ensure that Liberis can continue to offer market-leading financing options to merchants in its continued expansion across the Nordics and Europe, particularly in Poland and Germany.
This financing will allow Liberis to draw finances to its customers in three currencies, EUR, SEK, and DKK, reducing their foreign exchange exposure.
Rob Straathof, CEO of Liberis, commented: “Thanks to the debt financing provided by Silicon Valley Bank UK, Liberis can continue its expansion into new territories across Europe with new and existing embedded finance partners, further supporting small businesses with flexible funding options.”
Liberis’s platform applies machine learning to understand a customer’s risk profile and funding options available to them, enabling higher volumes of origination and giving financial control back to SME owners.
The latest funding is an opportunity for Liberis to continue supporting SME owners in bridging the funding gap by offering fair and increasingly flexible finance solutions through their global partners.
Company: Liberis Ltd
Raised: €30.0M
Round: Debt Financing
Funding Month: January 2023
Lead Investors: Silicon Valley Bank UK
Additional Investors:
Company Website: https://www.liberis.com/
Software Category: Embedded Finance Platform
About the Company: Founded in 2007, Liberis is a global embedded finance platform with a mission to provide small businesses with accessible and responsible finance. Liberis provides partners with the technology platform and financial solutions to offer hyper-personalized and accessible funding, empowering their small business customers to grow their revenues. With over 15 global strategic partners and direct reach to more than 1 million small businesses, Liberis has provided nearly €1 billion of funding in over 45,000 transactions, enabling over 100,000 jobs to be created and saved. Liberis’s revenue-based finance is a form of receivables finance, not a loan. The company has provided over 23,000 SMEs with finance at a total of almost €1 billion.
Source: https://www.liberis.com/company/insights/newsroom/liberis-the-embedded-finance-provider-for-smes-raises-additional-e30m-in-debt-financing-from-silicon-valley-bank-uk-to-expand-into-germany-poland-and-beyond/