Liberis launches ‘Cashback for Green’ funding initiative for sustainable SMEs

By Gloria Methri

Liberis, a global embedded finance platform has developed Cashback for Green, responding to the growing appetite from its SME customers for green funding solutions.

Developed in conjunction with Liberis’ strategic partners, the initiative will see small businesses being offered the opportunity to receive cashback on their factor fee if their funding is used for green investments and purchases.

Supporting SMEs to gain both a competitive edge and prepare for a low-carbon future, Cashback for Green has been designed to encourage small and medium business owners to make green investments.

From sustainable supply chains and transport to energy efficiency and educational programs, there is a range of green investments that business owners can devote their funding to. Liberis will be supporting SMEs both in their future success and in reducing their environmental impact, with their long-term goals including a £1 million contribution per year towards green initiatives.

Cashback for Green will go live in July, and Liberis’ customers will be able to apply via online channels. Small businesses will claim their funding offer, and will then be supported by Liberis to navigate green investments and claim cashback. The initiative is backed by Liberis’ partners, which include financial services, payments, and FinTech companies.

Rob Straathof, CEO of Liberis said, ‘Throughout our conversations with global SMEs, the market demand for impactful green funding solutions is a growing priority. With Cashback for Green, we are encouraging SMEs to make more sustainable investments, as well as highlighting the impact and benefits of implementing these green practices. We are truly committed to supporting SMEs towards a greener future, and collectively combatting the effects of climate change.”

Cashback for Green will be available in all markets Liberis operates in, and as they expand globally with financial partners who align with their environmental values.