Post by Nordic Capital

Today Nordic Capital announces an agreement to acquire Liberis and further invest in Qred, bringing the two businesses together to create a global platform for small and medium-sized business financing. Small businesses represent over 99 percent of all businesses and generate the majority of private sector employment, yet face a structural financing gap estimated in the trillions. Qred and Liberis have been addressing this challenge from different directions. Qred has built a digital small business bank with a full banking licence and an expanding product suite across Northern Europe. Since Nordic Capital Evolution's investment in 2021, the business has transformed from a Nordic digital lender into a broader European banking platform. Liberis has built a global embedded finance platform, enabling more than 70,000 small businesses to access funding through a network of over 30 partners across Europe, the UK and North America. The combined business aims to create an integrated platform spanning term loans, revenue-based financing, working capital lines, cards and future financial products across both direct and embedded channels, helping to close the financial services gap facing millions of SMBs. We look forward to supporting Emil Sunvisson, Rob Fairfield and their teams as they build the next chapter of the combined business.