Embedded business finance solution provider Liberis has raised 拢89 million in debt financing from HSBC Innovation Banking and BCI Capital.

The London firm says the funding will support further growth in North America and Europe and expansion into new markets, including Canada, Germany and Poland, in 2024.

It previously raised 鈧�30m debt financing from Silicon Valley Bank to fund European expansion and a 拢140m debt facility from Barclays Bank and BCI Finance last year. Further backers include Blenheim Chalcot and FTV Capital.聽

Founded in 2007, Liberis aims to provide businesses with more adaptable and accessible financial options, particularly at a time of high inflation.

鈥淭he joint debt facility from HSBC Innovation Banking and BCI Capital allows Liberis to serve thousands more business owners with fair and frictionless funding through our partners using our embedded finance platform,鈥� said Rob Straathof, CEO.聽

鈥淚t enables us to extend our reach into new markets like Canada, Poland, and Germany. We are thrilled to be supported as we continue to serve businesses with innovative and flexible funding solutions.鈥�

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Guillaume Adjogah, SVP Fintech Warehouse Finance, HSBC Innovation Banking UK, added: 鈥淲e鈥檙e delighted to provide this new facility. This will enable Liberis to further spread its wings into new geographies.聽

鈥淎t HSBC Innovation Banking, we have the agility, international expertise and robust network required to power bold innovators across all growth stages. This is an exciting milestone in our long-term partnership with Liberis. We鈥檙e proud to be part of this next step in the company鈥檚 journey.鈥�

Sam Kemp, CEO at BCI Capital, said: 鈥淪MEs are the engine room of the global economy. They represent around 90% of businesses and more than 50% of employment worldwide. Liberis has become a central cog in this system. Its innovative solution provides the vital funding that SMEs need to grow and thrive.聽

鈥淗aving been partnered with the business since 2015, we are delighted to be evolving our support for Liberis as it looks to further broaden its reach on the world stage.鈥�

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