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Liberis bags $112m in debt financing to fuel expansion in North America and Europe | Fintech InShorts: Latest fintech news, analysis by experts

Liberis bags $112m in debt financing to fuel expansion in North America and Europe

AIBankingBusiness

Less than 1 min.Read

Liberis bags $112m in debt financing to fuel expansion in North America and Europe

December 10, 2023

Funding Boost: UK-based Liberis secures $112 million in debt financing from HSBC Innovation Banking and BCI Capital.
Expansion Plans: Liberis aims to expand its embedded finance platform in North America and Europe.
New Markets: The company plans to go live in Canada, Germany, and Poland in 2024 to address a $5.2 trillion funding gap for small businesses.
Technology Focus: Founded in 2007, Liberis utilizes AI and ML algorithms to analyze business data for accurate risk profiles, offering personalized funding options.
Current Operations: Liberis operates in the UK, the US, and various European markets with 25 global strategic partners and direct access to over 1.5 million small businesses.
Financial Support History: This funding follows a €30 million raise in January, and Liberis had previously received support from Silicon Valley Bank UK, which was later acquired by HSBC UK.
Challenges in SME Finance: Liberis addresses challenges faced by small businesses in obtaining finance, citing inflexible lending criteria from traditional banks and outdated practices.
Impact: Liberis claims to have funded nearly $1.5 billion in over 60,000 transactions, emphasizing its role in supporting smaller, asset-light businesses.

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