Fintech set for global growth following £32m funding round

A fintech aiming to ‘transform’ small business finance has closed a multi-million pound investment round.

Liberis has secured £32m in its largest equity capital fundraise to date, in a round led by FTV Capital.

Founded in 2007, Liberis specialises in alternative flexible finance options for small businesses.

In the last 18 months, the firm has expanded into five new countries including the UK, US, Sweden, Czech Republic, Slovak and Finland.

Rob Straathof, CEO of Liberis, commented: “Small businesses are the lifeblood of the global economy, yet they continue to be turned away by banks and traditional lenders or faced with unhelpful repayment terms and complex processes.

“We are delighted with this investment from FTV Capital as it means we can continue to onboard new partners, expand our product range and grow our team in order to serve the 50 million small businesses across the US, Europe and the UK with much needed funding.

“2020 is set to be an exciting year for Liberis and this financial investment will help to accelerate our plans so we can support thousands more small businesses around the world with fast, flexible and fair funding.”

Jerome Hershey, senior investment advisor at FTV Capital, added: “FTV believes the convergence of payment processing and small business funding presents a massive investment opportunity.

“Liberis’ differentiated distribution model offers a compelling value proposition for both its strategic partners and small business customers.

“We are thrilled to be working with the company’s strong management team, and existing investors, to help them execute their vision.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.