Nordic Capital to Acquire Liberis and Invest in Qred to Create a Global SMB Financing Platform

Nordic Capital announced an agreement to acquire Liberis, an embedded finance platform for SMBs, and to further invest in Qred, a digital small-business bank, combining the two into a single global SMB financing platform. The combined group is expected to have ~600 employees, revenues exceeding EUR 250 million, and an active SMB customer base of more than 53,000, with access to ~11.5 million addressable merchants across 17 countries.