Liberis, the embedded finance provider for SMEs, raises additional €30M in debt financing from Silicon Valley Bank UK to expand into Germany, Poland, and beyond
Silicon Valley Bank UK joins Liberis’s team of global financing partners, including Barclays, to support its mission in providing revenue-based finance to empower SME owners.Return to newsroom
London, UK – 31st January 2023 – Liberis, a leading global embedded business finance platform, today announced that it has secured additional financing from Silicon Valley Bank UK to grow its European business.
The funding helps ensure that Liberis can continue to offer market leading financing options to merchants, in its continued expansion across the Nordics and Europe, particularly in Poland and Germany. Liberis’s platform applies machine learning to understand a customer’s risk profile and funding options available to them, enabling higher volumes of origination, and giving financial control back to SME owners.
With the International Monetary Fund recently announcing that half of the European Union, and a third of the globe, will be facing recession in 2023, Liberis’s ability to provide flexible, affordable, and convenient funding options will be extremely beneficial to small and medium sized business owners in continuing to grow their businesses. Trustworthy finance providers, such as Liberis, can provide small businesses with much-needed funding options that they may not necessarily have had access to before, improving financial inclusion for SME owners across the globe.
Conor Sheehy, Managing Director, Head of Warehouse Finance EMEA, at Silicon Valley Bank UK said:
“We’re delighted to be working with Liberis as the team accelerates the business into new European territories and beyond. SME owners play a key role in driving the economy forward, and Liberis is supporting small businesses by giving access to reliable and sound capital to support their growth. We look forward to working with Liberis to help them improve their customers’ probability of success as they extend their essential services into new geographies.”
The funding from Silicon Valley Bank UK will allow Liberis to draw finances to its customers in three currencies, EUR, SEK, and DKK, reducing their foreign exchange exposure.
Rob Straathof, CEO of Liberis, commented:
“Thanks to the debt financing provided by Silicon Valley Bank UK, Liberis can continue its expansion into new territories across Europe with new and existing embedded finance partners, further supporting small businesses with flexible funding options.”
This brings Liberis’s total funds raised to €430 million, including over €80 million in equity funding, with Silicon Valley Bank UK joining current investors Barclays Bank, BCI Finance, and UK-based venture builder Blenheim Chalcot. At present, Liberis has provided over 23,000 SMEs with finance at a total of almost €1 billion, and the latest funding is an opportunity for Liberis to continue supporting SME owners in bridging the funding gap, by offering fair and increasingly flexible finance solutions through their global partners.
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 15 global strategic partners and direct reach to more than 1 million small businesses, Liberis has provided nearly €1 billion of funding in over 45,000 transactions, enabling over 100,000 jobs to be created and saved. Liberis’s 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. https://www.liberis.com/
About Silicon Valley Bank UK
Silicon Valley Bank UK Limited, the bank of the world’s most innovative companies and investors, provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity, and venture capital industries across the UK & EMEA. Silicon Valley Bank UK’s commercial banking and lending services help address the unique needs of its dynamic, fast-growing, innovative clients.
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Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146).© 2023 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license
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