5 years ago

Liberis Raises £70 Million to Support SMEs Facing COVID-19 Revenue Losses

  • Liberis, a leading global embedded business finance platform, has secured £70 million in funding from long-term partners British Business Investments, BCI Europe, and Paragon Bank, as well as new partner Silicon Valley Bank

  • The funding will be used to fuel Liberis' growth, launch new products, enter new markets, and provide additional customer financing solutions

  • The company has witnessed a 40% year-on-year growth in the past two years and has provided over £500 million in funding to more than 16,000 SMEs worldwide

  • Liberis' global network of partners includes software providers, acquirers, and marketplaces such as Wordplay from FIS and Pa

  • These partners integrate with Liberis to provide personalized and pre-approved revenue-based financing of up to £300,000 to up to 1 million SMEs

  • The payments are linked to a company's transactions and allow them to pay for the funds comfortably with their income.

      • ProblemFinancial Services

      "SMEs are struggling to access funding, especially during uncertain times like the COVID-19 pandemic. Traditional lenders are often risk-averse and slow to approve loans, leaving many businesses without the necessary cash flow to survive."

      Solution

      "Liberis provides fast and flexible financing solutions based on a company's revenue. Their embedded finance platform integrates with software providers, acquirers, and marketplaces to offer personalized and pre-approved loans of up to £300,000 to SMEs. This allows businesses to access funds quickly and easily, without the need for traditional bank loans."

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