Liberis and Barclaycard team up for an innovative cash advance product

Liberis, one of the world’s leading integrated business finance platforms, today announced that it has partnered with Barclaycard to offer its small business customers access to personalized revenue-based finance. The news follows Barclays’ £34.5m investment in Liberis agreed in the fourth quarter of 2021.

The funding will in part help Liberis further develop its API-driven integrated finance platform, deliver innovative new products and solutions to small businesses, and continue its international expansion. Liberis has integrated its platform with more than a dozen global strategic partners in 8 countries including UK, USA, Ireland, Sweden, Finland, Denmark, Slovakia and Czech Republic, and seeks to expand further in Europe.

Alongside Barclays, Liberis is backed by investors including UK-based venture capital builder Blenheim Chalcot and US growth investor FTV Capital.

Barclaycard Business Cash Advance is a brand new solution designed to help small businesses by providing them with the financing they need to grow. Cash Advance is an alternative funding product where Liberis advances an amount of money to eligible merchants on the grounds that they will repay the amount plus a pre-agreed fee. It offers fixed-cost financing with flexible repayment terms, allowing business owners to access the funds they need, when they need them.

Rob Straathof, CEO of Liberis, commented: “We are delighted to launch our financial partnership with Barclaycard to provide tailored financing to their small business customers. This investment demonstrates our leadership position in integrated business financing and shows how banks and fintechs can create vital partnerships to help even more small businesses get the financing they need to grow.

Rob Cameron, CEO of Barclaycard Payments, said: “Small businesses are the backbone of the UK economy and it is essential that they have quick and easy access to the flexible financial products they need to support their growth. Having a little extra leeway with refunds via Barclaycard Business Cash Advance will give many SMEs the confidence they need to invest in growing their business. We look forward to continuing to work closely with Liberis to enhance our line of innovative products.

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