“Can a technology-underwritten SMB lender capture the $500K–$10M growth-capital market by combining marketplace-API data ingestion with institutional private credit funding?”
Founded in 2016 as a provider of revenue-based financing to SMBs, Libertas Funding initially targeted e-commerce and marketplace sellers using API-driven underwriting that connected to Amazon Seller Central, Shopify, eBay, and similar platforms. Over time, the firm expanded its product suite to include WebBank-issued term loans alongside proprietary revenue-based products, broadening its addressable market to $500K–$10M financing needs. The $100M Victory Park Capital credit facility in 2025 and the launch of the SuperB financing program signal a deliberate push into larger, institutionally-backed private credit for SMBs.
Libertas Funding discloses WebBank as its sponsor bank, according to the Embedded Finance Index 2026.
Libertas Funding does not disclose a bank charter of its own; its banking services are provided through WebBank.
The Embedded Finance Index 2026 maps 2 layers in Libertas Funding's stack: Lending (Revenue-based financing ($5K–$10M), Term loans (issued by WebBank) and SuperB financing program); Sponsor bank (WebBank).
Libertas Funding was founded by Gary Katcher and is founded in 2016, headquartered in Greenwich, CT.
Libertas Funding has raised undisclosed (includes $100M credit facility from Victory Park Capital, Oct 2025) in total (latest round: Credit Facility, 2025).
Get a read on where your own stack stands against Libertas Funding and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.