The new debt financing round, led by Barclays, follows the bank’s £34m investment in Liberis in December 2021.
Image source: Rob Straathof/Liberis
Integrated finance platform Liberis secured £140m of new debt funding from Barclays Bank and BCI Finance.
The money is being provided through a new main warehouse and will be used to expand the company’s lending platform.
Liberis operates a global partner network consisting of e-commerce platforms such as Klarna and acquirers such as Barclaycard, Worldpay from FIS, Clover and Global Payments.
These partners integrate with Liberis to offer up to 1 million SMEs personalized revenue-based financing of up to £1 million. Payments are tied to a company’s transactions, allowing it to pay out funds more comfortably, based on its revenue.
Liberis’ platform applies machine learning to understand a client’s risk profile and maximum funding options available to them, enabling higher origination volumes. This has enabled them to fund nearly $1 billion to over 21,000 SMEs in the UK, Europe and the US, in over 50,000 deals.
Along with backing from Barclays and BCI Finance, Liberis is backed by investors including UK-based venture capital builder Blenheim Chalcot and US growth investor FTV Capital.
Barclays led a £34m equity financing round for Liberis at Liberis in December 2021, while BCI has invested in Liberis since 2015.
The new round brings the total funds raised by Liberis to £350m, including over £80m in equity. “This is a great opportunity for Liberis to continue helping the growth of SMEs around the world, especially in these uncertain times imposed on us by the COVID-19 pandemic. This funding will be critical in helping our partners finance their SME clients to fill the ever-expanding global funding gap,” said Rob Straathof, CEO of Liberis.