Liberis, a London, UK-based provider of an embedded business finance platform, raised €30M in Debt funding.
The round was led by Silicon Valley Bank UK. This brings Liberis’s total funds raised to €430M, including over €80M in equity funding, with Silicon Valley Bank UK joining current investors Barclays Bank, BCI Finance, and UK-based venture builder Blenheim Chalcot.
The company intends to use the funds to expand into Germany, Poland, and beyond and draw finances to its customers in three currencies, EUR, SEK, and DKK, reducing their foreign exchange exposure.
Founded in 2007 and led by Rob Straathof, CEO, Liberis builds flexible embedded finance solutions which enable partners to offer personalised and accessible funding. The 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.
At present, Liberis has provided over 23,000 SMEs with finance at a total of almost €1 billion.
FinSMEs
01/02/2023