- Liberis has closed a £32 million funding round in its largest equity capital fundraise to date;
- This investment represents the company’s first institutional equity fundraise and was led by FTV Capital;
- Liberis is backed by Blenheim Chalcot, the UK’s leading digital venture builder, who welcome FTV as co-investors in Liberis;
- This investment brings Liberis’ total debt and equity funding to over £150 million.
Since its inception, Liberis has provided over 15,000 small businesses with more than £450 million in funding of which the majority through its innovative Funding-as-a-Service platform with integrated partners.
The last 18 months have seen rapid global growth for Liberis with expansion into five new countries including the UK, US, Sweden, Czech Republic, Slovak and Finland.
This new investment will support the business as it further expands its footprint in the United States and in two new European countries, as well as attracting the best talent with a 30 percent increase in headcount planned for the next year.
The investment will also enable the company to scale globally at pace through its unique partnerships model to support the millions of small businesses who have difficulty in accessing the funding they need to thrive.
Liberis has new General Managers
To strengthen its global operations, Liberis has recently appointed General Managers for both the US and Europe. Howard Kramen joins as General Manager for the US, having previously led PayPal’s global credit operations.
Kramen played an instrumental role in lending over $10 billion to over 225,000 small businesses across the US, UK, Australia and Germany.
Meanwhile Pedram Tadayon joins as Europe General Manager and brings 20 years financial services industry experience to Liberis, having previously been CEO of Emric – a fintech provider in credit management, along with senior positions held at Nets, EnterCard and American Express.