Liberis, a small business financing group is looking to increase lending by 50% to aid in its expansion into Europe. The fintech company, based in London, is an alternative lending company that provides loans based on a company’s future credit and debit card sales. In addition the company also provides cash advances ranging from £2,500 to £300,000.  Early this April, Libeirs “raised £57.5 million from the British Business Bank, Paragon Bank, BCI Finance and its venture capital parent Blenheim Chalcot, to fund its expansion plans.”

The firm has revealed that wants “to break through the £100 million barrier in terms of funding provided to small to medium sized enterprises (SMEs) this year, a 50 per cent increase on last year.”