Led · Debt Financing · Feb 2023

Liberis operates an AI and machine learning-powered embedded finance platform that delivers personalised, flexible funding to small businesses. The company distributes finance through global partners including payment acquirers, neobanks, e-commerce platforms and financial institutions. Through these partnerships Liberis has funded over $1.5 billion across more than 60,000 transactions. Liberis recently secured $112M in debt financing from HSBC Innovation Banking and BCI Capital to support further growth in North America and Europe and expansion into new markets such as Canada, Germany, and Poland. Total funding from capital providers and investors has reached over $700M to date, with equity backers including Barclays, Blenheim Chalcot, and FTV Capital. Led by CEO Rob Straathof, the company intends to use the new facility to serve more business owners via its embedded finance platform. Liberis builds an embedded business finance platform that enables partners to offer personalised and accessible funding to small and medium-sized enterprises. The platform applies machine learning to assess a customer’s risk profile and available funding options, enabling higher origination volumes and giving SME owners greater financial control. Founded in 2007 and led by CEO Rob Straathof, Liberis has provided over 23,000 SMEs with finance totaling almost €1 billion. The company has raised a total of €430M to date, including over €80M in equity funding. Liberis plans to use the new financing to expand into Germany, Poland and beyond and to offer finance to customers in EUR, SEK and DKK to reduce foreign-exchange exposure. Liberis provides advances from £1,000 to £300,000 to SMEs and structures repayment as a pre-agreed percentage of the business’s card and digital transactions, tying repayments to cash flow. Its core product evaluates projected card sales and offers personalised, pre-approved finance through a single API integration. The company has shifted its go-to-market toward B2B2B embedded finance, partnering with marketplaces, software providers and acquirers to embed financing into their customer experiences. Notable partners include Worldpay (FIS), Global Payments, Opayo (Sagepay), EPOS Now and Worldpay U.S. Liberis has provided over £500M in financing to 16,000 SMEs across Europe, the U.S. and the U.K., with £250M lent in the past two years and product availability in five new countries (U.S., Finland, Sweden, Czech Republic and Slovakia). The company plans to use new funding to fuel growth, launch new products and markets, and provide additional customer financing solutions. Founded in 2007 and U.K.-based, Liberis reports a total of £200M in funding to date, including more than £50M in equity. Liberis operates a Funding-as-a-Service platform that has provided over £450 million in financing to more than 15,000 small businesses since its 2007 founding. The company expands distribution via strategic partnerships and white-labeling its financial services for partners that serve small-business customers. Over the last 18 months Liberis says it has expanded into five new countries, listing the UK, US, Sweden, Czech Republic, Slovak and Finland. The business recently closed a £32 million funding round led by FTV Capital, bringing its total debt and equity funding to over £150 million. Management plans for 2020 include growing its US footprint, entering two more European countries, and increasing headcount by about 30 percent. Liberis has appointed General Managers for the US (Howard Kramen) and Europe (Pedram Tadayon) to strengthen global operations. Liberis is a London-based fintech that provides funding to small businesses by advancing capital against projected future credit and debit card sales. Loans range from £1,000 to £500,000 and are repaid via a pre-agreed percentage of a business’s card transactions, with no fixed repayment term. That repayment structure is particularly attractive to seasonal retail and hospitality businesses because payments scale with revenue. Liberis pulls transaction and payments data from partners such as Worldpay and Sagepay, integrates with marketplaces like Just Eat, and expects Open Banking to extend its reach. The company says it has supported over 7,000 small businesses and advanced £210 million in funding to date. CEO Rob Straathof acknowledges Liberis takes on more risk with this model but reports the vast majority of loans are repaid within projected timeframes.

Led · Debt Financing · Nov 2022

Decentriq offers an enterprise SaaS data clean-room platform designed to protect sensitive datasets while enabling collaboration with internal and external stakeholders. Its clean rooms are powered by confidential computing to ensure security and compliance. The company positions itself as building the "Switzerland of Data," a neutral ground for data collaboration. Recent months have seen collaborations with multiple media and pharma companies leveraging the platform. Decentriq is a founding member of the Confidential Computing Consortium and has participated in the Venture Leaders program and been named a Top 100 Swiss Startup. Financially, it completed a $5.0M venture debt raise in November 2022 and reports $25M in total funding. Decentriq operates a cloud-native data clean room platform that ensures only data owners can access their raw data, preventing access by other participants, Decentriq, or the cloud provider. The company leverages Confidential Computing and privacy-enhancing technologies to meet strict regulatory standards such as GDPR. Since 2021 it has supported pharmaceutical companies accessing hospital data in Switzerland and Belgium, and 20 of the largest pharmaceutical companies collaborate in a Decentriq clean room for benchmarking. Decentriq plans to expand analytical tooling (Python, R, machine learning) and add PET features like synthetic data and differential privacy. The company intends to use new funding to capture growing demand for secure data collaboration and to grow its team across Europe, the Middle East, Asia and the U.S. Financially, the company recently closed a $15 million Series A following a $3.8 million seed round in November 2020. Decentriq is a Zurich-based enterprise data security company that provides a cloud-based platform for confidential analysis of sensitive datasets. Its platform enables enterprises to assess data subject to GDPR or strategically important information in a protected, encrypted environment and to apply external machine-learning models to internal datasets. This allows organizations to manage, analyze and share data within minutes without needing to trust a third party, while remaining compliant with privacy requirements. The company is led by co-founder and CEO Maximilian Groth. In October 2020 Decentriq raised $3.8M in seed funding led by btov Partners, with participation from Paladin Capital Group and existing investor Atlantic Labs. Decentriq intends to use the funds to expand internationally and grow its client base within and beyond the financial services and healthcare industries.

Participated · Equity · Dec 2020

Founded in 2018, Blaize offers a no-code, drag-and-drop platform that allows non-technical teams to create, test, and deploy trial, sell, and up-sell subscription journeys in real time. The system incorporates identity and access management, a dynamic content delivery network, and a data-driven paywall, enabling publishers and brands to build and optimize digital subscription offerings at scale without major infrastructure changes. Blaize’s technology targets the broader subscription economy and has quickly gained traction in the large media and entertainment market, whose value is cited at $200 trillion in the article. Notable customers include NewsCorp, Dennis Publishing, TheStreet, and DC Thomson. By streamlining subscription workflows, the platform helps clients increase monthly revenue and renewal rates. The company plans to invest in further product enhancements, expand its leadership and operational teams, and accelerate international growth. Although specific revenue or user figures were not disclosed, the customer roster and expansion plans indicate early market validation. Blaize positions itself as a critical infrastructure layer for enterprises shifting to recurring revenue models.

Led · Equity · Nov 2020

TransferGo is a U.K.-based fintech that operates a consumer platform for global remittances, emphasizing fast, consumer-centric transfers. Its product promises around 90% instant settlements and 24/7 instant capability, and the company highlights user-facing features such as strong Trusted Reviews. Management says the business has been profitable over the past year, with limited burn mainly from marketing, and still holds proceeds from its prior funding. TransferGo plans to use new capital to accelerate expansion across the Asia‑Pacific region and win customers from incumbents. The company faces competition from large players like Western Union as well as newer challengers such as Remitly and Wise. TransferGo has addressed regulatory issues after receiving a €310,000 fine from the Bank of Lithuania for AML failings and reports it closed procedural gaps and received positive feedback following mediation. TransferGo is a UK-based money transfer fintech founded in 2012 that connects more than 3.5 million customers across 160 markets. The company focuses on remittances and cross-border payment options for migrants and international senders. TransferGo recently completed a €6 million secondary share sale to bring in Nordic and Baltic investors and to support its expansion. The firm plans to scale its workforce, open new offices, launch new send and receive markets, and build additional pay-out options. TransferGo announced a $50 million Series C in September of the prior year and cites the World Bank estimate that the global remittance market is worth over $500 billion. CEO Daumantas Dvilinskas said the transaction both returned capital to stakeholders and strengthened the company’s position for further expansion and payment innovation. TransferGo is a cross-border remittance service that connects 3.5 million customers across 160 markets. It has processed over 13.5 million international and local transactions, representing roughly USD 6 billion in aggregated volume. The company has demonstrated consistent 80% year‑over‑year growth since launch. Since launching in 2012, TransferGo has grown to a workforce of over 200 people. The new funding is intended to expand the customer base across Europe and further develop the product offering to support ambitious growth targets. VEF describes TransferGo as one of its early investments and its third-largest holding, reflecting continued investor support. TransferGo began in 2012 as a money-transfer service and has since shifted its focus to real-time cross-border payments and remittances. The platform serves consumers, SMEs and enterprise clients and now has over 2.5 million customers. The company offers instant payments and has expanded its geographic reach, announcing launches in 11 new markets including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. TransferGo recently partnered with Visa to enable global pay-out to cards. Management (CEO and co-founder Daumantas Dvilinskas) is pursuing further international expansion. Financially, the company has completed multiple financings this year to support growth and market entry. TransferGo is a London-based international money transfer service founded in 2012 that focuses on fast remittances, primarily serving migrants who send money home. It positions itself as one of the fastest services, offering cross-network transfers and claiming to guarantee pan‑European deliveries within 30 minutes. The product features multiple pricing tiers (free/low-cost for slower transfers and paid options for guaranteed arrival times) and a white‑label "Remittances as a Service" API for MSBs, banks and marketplaces. TransferGo says it has surpassed two million customers and facilitated more than seven million transactions. The service can send money to over 65 destination countries and from 33 origin countries, and the company has launched in 11 new markets including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. TransferGo reported 30% growth over the COVID‑19 lockdown period and a significant uptick in daily remittances, with fast growth in markets such as India, Turkey, Ukraine and Nigeria.