Liberis, a London-based company that helps small businesses get the financing they need, has secured £70 million in financing for itself. The mix of equity and debt comes from long term partners British Business Investments, Paragon Bank, BCI Europe, as well as new partner Silicon Valley Bank (SVB).
The company’s growth has escalated recently. Founded in 2007, Liberis claims it has provided £500 million in financing to 16,000 SMEs across Europe, USA and UK — half of which was handed out in the past two years alone.
The fintech network consists of marketplaces, software providers and acquirers, such as Worldpay from FIS and Global Payments. These partners integrate with Liberis to offer up to SMEs personalised and pre-approved revenue-based financing. Repayments are based on revenue, too.
This brings Liberis’ total funds raised to £200 million total, including over £50 million in equity funding. The fresh capital will be used to fuel company growth, launch new products and markets and provide additional customer financing solutions.
Photo: the Liberis team