Liberis

1:23 mins

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CEO Rob Straathof introduces you to Liberis

Liberis is a leader in embedded business finance with offices in Europe, UK and the US. We support the world’s largest technology companies, eCommerce platforms, payments processers and banks to provide business finance to their customers.

By connecting to our platform through a single API, our partners can provide finance under their own brand, allowing their customers to get funding from a source they already know and trust. We take care of the entire process for them, from marketing to funding to renewing.

Our machine learning and data-driven technology empower us to approve up to 80% of small businesses that apply, helping them get the funding they need quickly; a 400% higher approval rate than traditional small business finance providers. We’ve delivered over $800 million of funding through over 40,000 transactions, and we’re just getting started.

Nutshell

Global partner for embedded business finance

Sector

Fintech

Founders

Liberis Management with Blenheim Chalcot

Milestones

2007: We started out under the name Merchant Cash Express with a processing agreement with a bank partner. We funded our 100th advance in our first year.
2009: We signed our second processing agreement with a UK payments processor and by April 2010 we’d funded our 1000th advance.
2013: We joined leading venture builders, Blenheim Chalcot, and rebranded as Liberis.
2015: We partnered with one of the largest payment processors in the UK.
2016: Surpassed £100m in funding and secured backing from the UK Government owned British Business Bank.
2018: We established a new partnership with a UK payment processor and joined a marketplace as a selected finance provider. We also won several ISO contracts.
2018: First in the UK: Pre-approved, risk-based business finance application in under 5 minutes
2018: First in the UK: Partner data used to enable frictionless end-to-end online customer journey
2018: First in the UK: Open banking enabled online application for business finance.
2018: Live in Europe
2019: Same day, real-time funding disbursement through Express Settlement
2019: Live in the US and the Nordics
2019: Secured £32 million in equity funding from FTV Capital and Blenheim Chalcot
2020: First revenue-based finance provider approved for CBILS in the UK, and provider of the paycheck protection program funding in the US.
2020: Officially launched our next generation embedded business finance platform powered by a single API integration.
2020: Partnered with UK cloud-based software provider.

Awards

2017: Winner of Best Support for SMEs at the Commercial Credit Awards
2018: Winner of Alternative Lender of the Year at the Credit Awards 2018

Latest from Twitter

Some Business Stats

9 out of 10 customers would recommend us
Over 70% of applications are accepted
Over 80% of eligible customers renew
Liberis has a 98% Feefo rating (a five star rating)
Gov.uk only recommended cash advance provider

Impact Stories

Isobel May (gift shop)

“This funding is brilliant! I don’t even notice it being paid back and then suddenly it is. There’s no hassle. Plus I never have to worry if I have a slow period. A few years ago, I had to shut the shop for five days to look after my daughter because she was ill; Liberis made the difference between being able to or not.” Sue, Isobel May
Simon Falk Eyecare (optician)

“There isn’t the stress of fixed repayments because pay back is based on my credit card takings, so it doesn’t hurt if we only have an ‘okay’ month.” Simon, Simon Falk Eyecare
Quick Stop Food & Wine (convenience store)

“The repayment system is really flexible so there isn’t the pressure on me and my business that you get with fixed monthly payments. I have used an overdraft and some facilities with the bank, but with Liberis I can take out more and pay it back as I earn from my card takings gradually. It works a lot better for me!” Bahzad, Quick Stop Food & Wine
Gymboree (kids’ daycare centre)

“Everything about a bank loan is fixed, from the payments to when you pay it off. The terms are too rigid for a small business like this. With a cash advance, there’s no fixed payment amount or term. It’s extremely manageable too: we take customer subscriptions by card on a monthly basis and because pay back is taken at source, I don’t have to do anything. I just see the amount being paid off each month, which is wonderful! Michelle, Gymboree

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