Embedded business finance provider Liberis has made its entry into the Canadian market, extending its innovative “four-click funding” solution to small businesses in the country. This move follows a substantial debt financing injection at the end of the previous year.
Partnering with the business management platform Vagaro, which serves the beauty, wellness, and fitness industries, Liberis is set to revolutionize financing for small businesses in Canada. Vagaro, leveraging the Liberis platform, has already introduced Vagaro Capital in the US, UK, and Canada within an impressive three-month timeframe.
Through the Liberis platform, collaborative partners such as Vagaro can empower small business owners to access fixed-cost financing with flexible payment terms. The distinctive feature allows partners to seamlessly manage the entire approval and underwriting process within their ecosystem, ensuring that small business owners can secure funds with just “four clicks.”
Liberis recently secured $112 million in debt financing from HSBC Innovation Banking and BCI Capital, laying the groundwork for its expansion in North America and Europe. The strategic move into Canada reflects Liberis’s dedication to addressing the significant challenge of funding faced by businesses globally, particularly small and medium-sized enterprises (SMBs).
Rob Straathof, Chief Executive Officer of Liberis, highlighted the global impact of funding constraints on SMBs and local economies. He stated, “By expanding into Canada, we are furthering our mission to alleviate the strain which lack of funding has on SMBs and local economies globally.” He emphasized that this expansion underscores their commitment to reaching every market across the globe, ensuring that SMBs have access to funding precisely when they need it.
Looking ahead, Liberis plans to continue its global expansion in the first half of 2024, collaborating with new and existing partners in Germany, Poland, Norway, and Iceland. The move positions Liberis as a transformative force in providing accessible and efficient funding solutions for small businesses on a global scale.
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