April 13th, 2018.

Business finance provider Liberis has secured £57.5 million to expand its product offering both in the UK and internationally.

The funding, from British Business Investments, Paragon Bank, BCI Finance, and Blenheim Chalcot, is intended to accelerate Liberis’ growth to help support an estimated 100,000 UK jobs by 2020.

Liberis provides funding from £1,000 to £500,000 to small businesses based on their future credit and debit card sales.The funding is paid back via a pre-agreed percentage of the business’ digital transactions, making the service especially suited to seasonal businesses as repayments are made in line with their daily income.

Rob Straathof, CEO of Liberis says, "Small businesses are the lifeblood of the UK economy yet many still struggle to get much needed financial support from traditional providers. At Liberis, we’re on a mission to fund small businesses to help them achieve their ambitions.

"We’re incredibly proud to support hardworking business owners such as your local bakery to invest in a new oven, help the neighbourhood pub expand with a beer garden, or enable incremental stock purchase for an online retailer. We’re here to help the British high street thrive and remain independent."

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