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Small business finance fintech Liberis raises £32m to boost growth plans

January 22, 2020 / Anna Menin
SHARESHARESHARE

London-based fintech Liberis has raised £32m to help fund the growth of the small business finance provider and expansion in the US and Europe. The funding raise is the first institutional equity fundraise by Liberis, which lends money to small businesses against their future debit and credit card sales, and was led by investment firm FTV Capital. The raise takes the total debt and equity raised by the fintech, which has offices in London, Denver, and Stockholm, to over £150m. “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,” said Liberis chief executive Rob Straathof.