London-based small business finance provider, Liberis, has secured £57.5m in combined funding from British Business Investments, Paragon Bank, BCI Finance, and Blenheim Chalcot.
This new facility and equity investment will accelerate Liberis’ growth to help support an estimated 100,000 UK jobs by 2020, providing huge social and economic benefit to the UK economy.
Building on its ongoing partnership with British Business Investments – the commercial arm of the British Business Bank – to fund small UK businesses, Liberis has entered new financing facilities with British Business Investments and Paragon Bank, as well as BCI Finance with whom they have extended terms on their mezzanine line.
In addition, the London-based alternative finance provider has also received incremental equity funding from the UK’s leading digital venture builder Blenheim Chalcot, which has nearly 20 years’ experience of building technology-based companies and a specialism in financial services.
This investment will enable Liberis, the UK’s first provider of the innovative business cash advance, to expand its product offering both in the UK and internationally.