Liberis secures $112m in debt financing from HSBC Innovation Banking

Embedded finance solutions provider Liberis has secured $112 million in debt financing from HSBC Innovation Banking and BCI Capital, as it eyes further growth in North America and Europe and expansion into new markets.

The joint debt facility will enable Liberis to go live in Canada, Germany and Poland in 2024, where it has identified unmet financing needs.

Liberis will use the funding to serve existing and new partners in these territories, providing SMEs with tailored finance options.

Through its global partners, including payment acquirers, neobanks, ecommerce platforms and financial institutions, Liberis has funded more than $1.5 billion in over 60,000 transactions to date.

Rob Straathof, chief executive officer of Liberis, said: “The 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.

“It enables us to extend our reach into new markets like Canada, Poland, and Germany.”

He added: “We are thrilled to be supported by our capital partners as we continue to serve businesses with innovative and flexible funding solutions.”

Liberis’ embedded finance platform harnesses AI and machine learning-powered analytics.

“We’re delighted to provide this new facility, which will enable Liberis to further spread its wings into new geographies,” Guillaume Adjogah, senior vice president, fintech warehouse finance at HSBC Innovation Banking UK, said.

“At 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 and we’re proud to be part of this next step in the company’s journey.”

BCI Capital’s chief executive officer Sam Kemp called SMEs “the engine room of the global economy”.

“Liberis has become a central cog in this system, with its innovative solution providing the vital funding that SMEs need to grow and thrive,” Kemp said.

“Having 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.”