Liberis raises additional €30M in debt financing from Silicon Valley Bank UK to expand into Germany, Poland, and beyond

Feb 2023

Silicon Valley Bank UK joins Liberis’ team of global financing partners, including Barclays, to support its mission in providing revenue-based finance to empower SME owners.

 Liberis, a leading global embedded business finance platform, today announced that it has secured additional financing from Silicon Valley Bank UK to grow its European business.  

The funding helps ensure that Liberis can continue to offer market leading financing options to merchants, in its continued expansion across the Nordics and Europe, particularly in Poland and Germany. Liberis’ platform applies machine learning to understand a customer’s risk profile and funding options available to them, enabling higher volumes of origination, and giving financial control back to SME owners. 

With the International Monetary Fund recently announcing that half of the European Union, and a third of the globe, will be facing recession in 2023, Liberis’ ability to provide flexible, affordable, and convenient funding options will be extremely beneficial to small and medium sized business owners in continuing to grow their businesses. Trustworthy finance providers, such as Liberis, can provide small businesses with much-needed funding options that they may not necessarily have had access to before, improving financial inclusion for SME owners across the globe. 

Conor Sheehy, Managing Director, Head of Warehouse Finance EMEA, at Silicon Valley Bank UK said: 

We’re delighted to be working with Liberis as the team accelerates the business into new European territories and beyond. SME owners play a key role in driving the economy forward, and Liberis is supporting small businesses by giving access to reliable and sound capital to support their growth. 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.” 

The funding from Silicon Valley Bank UK will allow Liberis to draw finances to its customers in three currencies, EUR, SEK, and DKK, reducing their foreign exchange exposure.  

Rob Straathof, CEO of Liberis, commented, “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.” 

This brings Liberis’s total funds raised to €430 million, including over €80 million in equity funding, with Silicon Valley Bank UK joining current investors Barclays Bank, BCI Finance, and UK-based venture builder Blenheim Chalcot. At present, Liberis has provided over 23,000 SMEs with finance at a total of almost €1 billion, and the latest funding is an opportunity for Liberis to continue supporting SME owners in bridging the funding gap, by offering fair and increasingly flexible finance solutions through their global partners.