Liberis raises $112m to expand SMB funding in Europe & North America

By Gloria Methri

Embedded business finance specialist Liberis has secured $112 million in debt financing to support its growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.

This strategic collaboration will 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.

Rob Straathof, CEO of Liberis, commented on the new financing, “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 are 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.”

Sam Kemp, CEO of BCI Capital, added, “SMEs are the engine room of the global economy, representing around 90% of businesses and more than 50% of employment worldwide. Liberis has become a central cog in this system, with its innovative solution providing the vital funding that SMEs need to grow and thrive. Having been partnered with the business since 2015, we are delighted to be evolving our support for Liberis as it looks to further broaden its reach on the world stage.”

Liberis uses AI and machine learning-powered analytics to power its embedded finance platform, providing personalised 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.