Based out of London, Liberis is a business financial services provider that aims to improve small businesses access to finance.
Recently, the company has announced a shift in strategy, where it will only fund SMEs through partnerships with e-commerce and payments companies rather than direct to SMEs.
Rob Straathof, CEO Liberis: “Today, only 25% of SMEs that apply for funding through banks are successful. Liberis has proven that the businesses that get rejected by traditional banks are suitable for pre-approved financing. Until now, we have been offering SMEs revenue-based finance directly, as well as through partners. However, through our growing partner ecosystem we reach far more SMEs, and the economies of scale we can achieve enable us to pass on our savings to their users. By getting a different view of customers’ businesses through revenue data, we can pre-approve personalised financing offers that work for everyone. This system works: we are seeing an 80% renewal rate from SMEs who are able to access the funds they need through the services they already use. Our partners are adding a new value stream to their customers, and everyone is happy.”
Expansion to Denmark
On top of that, Liberis has also announced the expansion to Denmark, serving 34,000 local SMEs through partnerships with local companies.
With this, Liberis is now active in seven countries across three continents. Notably, Liberis is now the largest provider of revenue-based financing options for Danish SMEs.
Pedram Tadayon, Chief Commercial Officer for Liberis: “As Denmark starts to emerge from lockdown, we are thrilled to be able to provide its owner-managed businesses cashflow support for staff, stock, and utilities. We are excited to now be the largest revenue-based finance (merchant cash advance) provider in Denmark, offering a much-needed solution and new approach to help local businesses fund their growth.”
Tech Nation’s Future Fifty
Liberis has been selected to Tech Nation’s Future Fifty list of late-stage tech companies and future global leaders from the UK.
Rob Straathof, CEO of Liberis, commented: “We are thrilled that Tech Nation has recognised the potential of revenue-based finance to drive the shift away from traditional channels with a new way to support the world’s SMEs with fair, quick, and easy funding.”
More than 17,000 SMEs
Founded by Charles Mindenhall in 2007, Liberis has financed more than 17,000 SMEs worldwide with more than $700 million (approx £502 million). To date, the company has raised a total funding amount of £200M. The UK firm has 30+ global partners including eCommerce platforms, payment processors, SaaS providers, online marketplaces and ISOs.