Liberis lands €30m in debt financing from Silicon Valley Bank UK
UK-based embedded finance platform Liberis has secured €30 million in debt financing from Silicon Valley Bank UK as the firm sets its sights on European expansion.
Liberis lands €30 million in debt financing
The debt financing brings the total funds raised by Liberis to €430 million, which includes more than €80 million in equity funding.
Silicon Valley Bank UK joins existing investors Barclays Bank, BCI Finance and UK-based Blenheim Chalcot.
The funding will support Liberis’ targeted expansion across the Nordics and Europe, with a particular focus on Poland and Germany.
Liberis leverages machine learning to understand a company’s risk profile and the funding options available to them, which it claims enables higher volumes of origination. The firm has provided more than 23,000 small and medium-sized enterprises (SMEs) with almost €1 billion worth of revenue-based financing since its inception in 2007.
The company says the debt financing will enable it to “draw finances to its customers in three currencies, EUR, SEK, and DKK, reducing their foreign exchange exposure”.
Liberis CEO Rob Straathof adds the financing will allow the firm to “continue its expansion into new territories across Europe with new and existing embedded finance partners, further supporting small businesses with flexible funding options”.
