UK based small business lender has raised £57.5m in total funding from British Business Investments, Paragon Bank, and BCI Finance.
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, which means it’s especially suited to seasonal businesses as repayments are made in line with their daily income.