Embedded finance company Liberis has announced $112 million in debt financing from HSBC Innovation Banking and BCI Capital.

Liberis uses AI and ML-powered analytics to drive its embedded finance platform, designed to provide personalisation flexible finance solutions for small businesses.

The firm said the move would help further its growth in North America and Europe, as well has support its expansion into new markets, including Canada and Germany.

The company says that via global partners, including payment acquirers, neobanks, e-commerce platforms, and financial institutions, Liberis has funded more than $1.5 billion in over 60,000 transactions.

“We’re delighted to provide this new facility, which will enable Liberis to further spread its wings into new geographies,” said Guillaume Adjogah, senior vice president - Fintech Warehouse Finance, HSBC Innovation Banking UK. “At HSBC Innovation Banking, we have the agility, international expertise and robust network required to power bold innovators across all growth stages.”

Rob Straathof, chief executive of Liberis, said that the joint debt facility will help it service thousands more business owners.

"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."

In June, the finance platform partnered with Barclaycard to offer their small business customers access to personalised revenue-based finance with the new Barclaycard Business Cash Advance solution.

The news follows Barclays’ £34 million investment in Liberis, agreed in the fourth quarter of 2021, which enabled the firm to continue developing its API-driven finance platform and continue its international expansion.

Cash Advance is designed to help small businesses by providing the funding needed to grow their businesses.

---