Small business finance provider, LiberisLink opens in a new window, has secured £55m in combined funding after entering into new financing facilities with British Business Investments, Paragon Bank, and BCI Ltd. This builds on Liberis’ existing relationship with British Business Investments – the commercial arm of the British Business Bank.
The new funding will enable the London-based alternative finance provider, which provides the innovative business cash advance, to expand its product offering to UK smaller businesses.
Catherine Lewis La Torre, CEO of British Business Investments, said: “A big part of our role is to increase the overall supply and diversity of finance – both product and provider – on offer to UK smaller businesses. We welcome Liberis’ innovative approach and look forward to more of our funding reaching companies through this alternative to traditional finance.”
More details about Liberis can be found on the Liberis websiteLink opens in a new window.