Liberis raises £70M to finance SMEs facing revenue losses due to COVID-19
Summary
The company stated that it will use the investment to fuel its growth, launch new products, enter into new markets and provide additional customer financing solutions. At SVB, supporting innovation is in our DNA and we are delighted to provide this global growth opportunity to Liberis through our Warehouse and Venture Debt products. The ability to rapidly access funds is key for SME survival in uncertain times and effective delivery of embedded finance is a much-needed piece of the puzzle.” Liberis has witnessed a 40% year-on-year growth in the past two years. As a result, Liberis launched a new CIVILS loan product to provide the necessary financing SMEs all over the UK who are losing revenue due to COVID-19. Rob Straathof, CEO of Liberis, commented: “Our significant growth in the past two years has highlighted the need in the market for SME support, especially during uncertain times.
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