Liberis raises £70m for SME finance
Liberis, a global embedded business finance platform, has secured £70m in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB).
This brings Liberis’ total funds raised to £200m total, including over £50m in equity funding. The new funds will be used to fuel company growth, launch new products and markets, and provide additional customer financing solutions.
Liberis has provided over £500m in financing to 16,000 SMEs across Europe, USA and UK, including £250m in the past two years alone. Founded in 2007, Liberis provides partners with financing solutions for their small business customers.
Rob Straathof, CEO of Liberis, commented: “Our significant growth in the past two years has highlighted the need in the market for SME support, especially during uncertain times. As an SME ourselves, we understand the plight and have survived an economic downturn. With uncertainty in the market, funding can be hard to access from more risk averse institutions. We are thrilled to have extra resources to help our partners support SMEs’ survival through COVID and beyond.”