Liberis secures £32m from FTV Capital to fund international expansion
The funding round was led by FTV Capital with participation from Blenheim Chalcot.
Liberis operates an embedded business finance platform that supplies revenue-based funding solutions to small enterprises via global partners. Founded in 2007 and headquartered in London, the platform uses data-driven risk profiling to deliver flexible capital.
Liberis has secured £32m in its first institutional equity fundraise, led by growth equity firm FTV Capital. The company will direct the capital towards scaling its operations in the United States and launching in two new European markets, alongside expanding its headcount. Existing backer Blenheim Chalcot also participated in the round, which brings the firm total funding to over £150m.
Founded in 2007, Liberis works with major merchant acquirers to white-label its Funding-as-a-Service platform. The firm has deployed more than £450m across 15,000 small businesses since inception.
From the founder
"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."
Rob Straathof
CEO at Liberis
Investor perspective
"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. To support a significant growth trajectory as it expands internationally across Europe and in the United States, Liberis can now leverage our Global Partner Network®, a group of leading finance and payments enterprises that have helped FTV portfolio companies for two decades. We are thrilled to be working with the company’s strong management team, and existing investors, to help them execute their vision."
Jerome Hershey
Senior Investment Advisor, FTV Capital
Use of funds
- 01Grow the team
- 02Expand into international markets
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