Liberis, an embedded business finance solutions provider, announced it has secured $112 million in debt financing in order “to support its further growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.”
This collaboration is set “to inject a substantial sum of $112 million from HSBC Innovation Banking and BCI Capital across its European and North American divisions.”
The additional debt capital marks “another 2023 milestone for Liberis as it enables the company to broaden its reach and bolster its mission to close the global Small Business funding gap.”
This funding strengthens Liberis’s commitment to “providing businesses with more adaptable and accessible financial options, particularly during a time when the pressures on margins for Small Businesses from high inflation, difficulty in finding staff and the reduction in consumer spend as well as slowing economic growth as predicted by the International Monetary Fund.”
Rob Straathof, CEO of Liberis, commented:
“The joint debt facility from HSBC Innovation Banking and BCI Capital allows Liberis to serve thousands more business owners with fair and frictionless funding through our partners using our embedded finance platform. It enables us to extend our reach into new markets like Canada, Poland, and Germany. We are thrilled to be supported by our capital partners as we continue to serve businesses with innovative and flexible funding solutions.”
Guillaume Adjogah, SVP – Fintech Warehouse Finance at HSBC Innovation Banking UK said:
“We’re delighted to provide this new facility, which will enable Liberis to further spread its wings into new geographies. At HSBC Innovation Banking, we have the agility, international expertise and robust network required to power bold innovators across all growth stages. This is an exciting milestone in our long-term partnership with Liberis and we’re proud to be part of this next step in the company’s journey.”
The funding will support Liberis’s strategic plans “to serve existing and new partners in these new territories, enabling the company to address the unique needs of SMEs by offering tailored finance options that align with their growth trajectories.”
Liberis is a key player focused on “using AI and machine learning-powered analytics to power its embedded finance platform, providing personalized flexible finance solutions to small businesses.”
Through its global partners such as payment acquirers, neobanks, e-commerce platforms and financial institutions, Liberis has “funded over $1.5 billion in over 60,000 transactions.”
The total funding secured by Liberis “from capital providers as well as investors reaches over $700m to date. Its equity backers include Barclays, Blenheim Chalcot, and FTV Capital. Together with the debt financing support from HSBC Innovation Banking and BCI Capital, Liberis is set to continue its trajectory of empowering SME owners with the financial tools they need to succeed in an increasingly challenging economic landscape.”
