Liberis sets sites on growth acceleration growth plans in US and Europe following £32 million raise

Since its inception, Liberis says it has provided over 15,000 small businesses with more than £450m in funding of which the majority through its Funding-as-a-Service platform with integrated partners. 

Liberis has closed its largest equity capital fundraise to date at a £32m. The round was led by FTV Capital who join Blenheim Chalcott as investors.

Since its inception, Liberis says it has provided over 15,000 small businesses with more than £450m in funding of which the majority through its Funding-as-a-Service platform with integrated partners. 

The last 18 months, it adds, have seen rapid global growth for Liberis with expansion into five new countries including the UK, US, Sweden, Czech Republic, Slovak and Finland.   

This new investment will support the business as it further expands its footprint in the United States and in two new European countries, as well as attracting  talent ahead of a 30 per cent increase in headcount planned for the next year. 

Rob Straathof, CEO, Liberis, said: “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.”  

Liberis has also recently appointed General Managers for both the US and Europe. Howard Kramen joins as General Manager for the US, having previously led PayPal’s global credit operations. 

Liberis has also appointed Jerome Hershey from FTV onto its Board who led OnDeck’s IPO as the Company’s Head of Business and Corporate Development, and with investing roles at Spectrum Equity and Technology Crossover Ventures.