Embedded finance provider Liberis has secured £89mn in debt financing from HSBC Innovation Banking and BCI Capital to fund international expansion.
In brief:
- Liberis, which builds tools to provide small businesses with accessible finance, said it will launch in Canada, Germany and Poland next year.
- The London-based firm works with companies to embed its finance tools into their existing platform in addition to providing direct access to business funding applications.
- The FinTech company uses AI to provide personalised financing offers to SMEs. Liberis has provided nearly $1.5bn in funding across 60,000 transactions since its launch in 2007.
What does this mean?
“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,” said Rob Straathof, CEO of Liberis. The debt facility brings the total capital secured by Liberis to $700mn.
