Fintech Liberis has raised $112m (£89m) in debt financing from HSBC Innovation Banking and BCI Capital, to make use of throughout its European and North American operations.
The embedded enterprise finance options supplier will use the capital to energy its enlargement into new markets, together with Canada, Poland and Germany, subsequent 12 months.
Liberis, which has funded practically $1.5bn in over 60,000 transactions by way of its world companions, together with neobanks, was based in 2007.
The debt financing takes the full funding Liberis has secured thus far to greater than $700m. Its fairness buyers embody Barclays, Blenheim Chalcot and FTV Capital.
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“The joint debt facility from HSBC Innovation Banking and BCI Capital permits Liberis to serve 1000’s extra enterprise house owners with truthful and frictionless funding by way of our companions utilizing our embedded finance platform,” commented Rob Straathof, chief government of Liberis.
“It permits us to increase our attain into new markets like Canada, Poland, and Germany. We’re thrilled to be supported by our capital companions as we proceed to serve companies with modern and versatile funding options.”
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Liberis goals to supply small and medium sized companies with entry to financing. It goals to assist plug a $5.2tn hole in financing on this section, based on figures from the Worldwide Finance Company.
Nima Montazeri, CPO at Liberis, added: “The problem confronted by small companies when looking for finance is indicative of the rigid lending standards maintained by conventional banks, which regularly unfairly categorise SMEs as high-risk debtors. This concern stems from outdated lending practices and applied sciences which fail to adequately cater to the wants of smaller, asset-light companies.”
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