It’s well known managing cash flow is one of the hardest things for SMEs to do.
Which is why over the past few years, there has been an explosion in what is now commonly termed the ‘pay-as-you-earn’ lending market.
The trend was further solidified this week with the news UK based ‘pay-as-you-earn’ lender Liberis had raised close to £60 million in fresh funding to support its growth.
Pay-as-you-earn SME lending market exploding on @dailyfintech https://t.co/1v853FIt1d …retweet pic.twitter.com/rvYZZ6tJsC
— Will Corry (@slievemore) April 12, 2018
The majority of funds raised was reportedly debt, with an equity investment made by venture fund Blenheim Chalcot.
The raise represents yet another successful outcome for the British Business Bank, the HM Government’s wholly owned development bank, who, along with other commercial banks, is said to be providing Liberis with its debt facility.
