Liberis, the global leader in embedded business financing solutions, has announced its entry into the Canadian market, marking an important step in providing faster and more flexible financing to Canadian small businesses.
According to the Canadian Federation of Independent Business, the proportion of small businesses seeking financing in Canada increased from 35% to 58% between 2012 and 2022[1]. Although SMEs need financing, the cost of borrowing through traditional lenders has increased1 over the past three years, making it more difficult for SMEs to obtain financing.
Liberis launches in Canada with partner Vagaro, the leading integrated business management platform for the beauty, health and fitness industry. Liberis’ platform enabled Vagaro to launch its product Vagaro Capital in three new markets within three months: the United States, the United Kingdom and Canada.
Liberis’ platform enables partners like Vagaro to support small business owners in obtaining fixed-cost financing with flexible payment terms. Liberis’ platform lets its partners run the entire approval and underwriting process within their own ecosystem, allowing small business owners to get the funding they need in just four clicks.
“Lack of capital is a major challenge faced by global enterprises, especially small and medium-sized enterprises”, Liberis CEO Rob Straathof said. “By expanding to Canada, we are furthering our mission to alleviate the pressures faced by small and medium-sized businesses around the world and local economies due to a lack of capital. This expansion demonstrates our commitment to expanding into every market around the world and ensuring that small and medium-sized businesses can A commitment to get the money you need when you need it.”
Liberis will continue its global expansion with new and existing partners into Germany, Poland, Norway and Iceland in the first half of 2024, providing small businesses with the capital they need to grow more flexibly and quickly.
