Liberis brings “4-click funding” solution to small businesses in Canada
Global embedded lending leader Liberis launches in Canada, enabling quick and flexible funding for small businesses with just four clicks.Return to newsroom
- Liberis extends its embedded lending offering into Canada, supporting its mission to provide merchants globally with access to flexible funding in as little as four clicks.
- Starting with Germany and Poland in H1, Liberis will continue its expansion plans into new territories with existing and new partners in 2024.
LONDON, 16 January 2024 – Liberis, the global leader in embedded business finance solutions, announces its expansion into the Canadian market, marking a significant step forward in providing small businesses in Canada access to faster and more flexible funding.
Between 2012 and 2022, the share of small businesses seeking finance in Canada increased from 35% to 58%, according to the Canadian Federation of Independent Business. Despite SMBs’ need for financing, the cost of borrowing through traditional lenders has increased over the past three years1, making access to finance more challenging for SMBs.
Liberis launches in Canada with its partner Vagaro, a leading comprehensive business management platform for the beauty, wellness, and fitness industries. Liberis’ platform has enabled Vagaro to launch their offering, Vagaro Capital, into three new markets within three months: US, UK, and Canada.
Liberis’ platform allows partners like Vagaro to support small business owners in accessing fixed-cost financing with flexible payment terms. Liberis’ platform allows their partners to run the entire approval and underwriting process within their own ecosystem, allowing small business owners to receive the funds they need in as little as four clicks.
“Lack of funding is a significant challenge felt by businesses globally, particularly SMBs”, said Rob Straathof, CEO of Liberis. “By expanding into Canada, we are furthering our mission to alleviate the strain which lack of funding has on SMBs and local economies globally. This expansion is a testament to our commitment to expand into every market across the globe and ensure that SMBs can access the funding they need when they need it.”
Liberis will continue its global expansion with new and existing partners into Germany, Poland, Norway, and Iceland in the first half of 2024 to provide small businesses with more flexible and faster access to the funding they need to grow.
Liberis builds flexible embedded finance solutions that empower businesses and provide positive impact. Founded in 2007, Liberis is a leading global embedded finance platform with a mission to provide small businesses with accessible and responsible finance, based on the belief that funding should always be a positive force for small businesses. Liberis provides partners with the technology platform and financial solutions to offer hyper-personalised and accessible funding, empowering their small business customers to grow their revenues. With over 25 global strategic partners and direct reach to more than 1 million small businesses, Liberis has provided over $1bn of funding in over 60,000 transactions, enabling over 100,000 jobs to be created and saved. Liberis’ revenue-based finance is a form of receivables finance, not a loan. Amounts advanced are subject to status and our underwriting process before any offer can be made.
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