Liberis Raises $32.6M to Expand in Europe

Liberis has raised 30 million euros in debt financing to grow its business in Europe.

The London-based embedded finance provider announced on Tuesday (Jan. 31) that it has raised an additional 30 million euros ($32.6 million) from Silicon Valley Bank UK, which it will use to continue its expansion across Europe, particularly in Poland and Germany.

The new capital adds to the 140 million pounds ($172.57 million) the company raised from Barclays Bank and BCI Finance in September.

With the latest funding, Liberis says it has raised 430 million euros ($467.3 million), including over 80 million euros in equity funding.

Founded in 2007, Liberis helps its partners offer small and medium-sized businesses (SMBs) receivables financing.

The company’s platform is “embedded” because rather than offering financing directly to SMBs, it enables its partners to integrate business finance solutions into their own online processes, allowing them to keep control over the customer experience and branding while Liberis takes care of decision-making and absorbs the risk of non-payment.

To date, the company has been focused on the GBP market, offering businesses financing of between 1,000 and 1 million pounds.

However, with the new funding, the company says it will add euros, Swedish krona and Polish zloty to its offering.

“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,” Liberis CEO Rob Straathof said in the announcement.

Conor Sheehy, managing director, head of warehouse finance EMEA at Silicon Valley Bank UK, added, “We’re delighted to be working with Liberis as the team accelerates the business into new European territories and beyond … 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.”

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