The UK-based SME receivables finance company, Liberis, has received a €30m loan from venture lending provider, Silicon Valley Bank UK, to support its expansion into Germany, Poland and the Nordics.
Liberis’ platform applies machine learning to understand a customer’s risk profile and the funding options available to them, enabling higher volumes of loan origination for its business partners - acquirers, brokers, PSPs, e-commerce platforms, and SaaS providers.