Pipe

Pipe

Data-driven platform for revenue-based financing

About Pipe

Simplify's Rating
Why Pipe is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Fintech

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$548.1M

Headquarters

Miami, Florida

Founded

2019

Overview

Pipe provides a platform for small to mid-size businesses to access capital quickly with a single-click connection and a flat, revenue-adjusted fee paid over time. It uses secure live data to assess a business’s health and delivers capital directly through Pipe or embedded in the business software the company already uses. It differentiates from competitors with data-driven risk assessment, a transparent fee structure, flexible repayment tied to revenue, and zero dilution with no personal warrants or covenants. Its goal is to give fast, frictionless, and unbiased access to capital for SMBs so they can grow without the constraints of traditional financing.

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Simplify's Take

What believers are saying

  • Pipe triples revenue in 2025, nearly doubles Q1 2026 via embedded products.
  • Victory Park Capital upsizes facility to $225M, funding $300M+ originations.
  • 20% originations international; UK, Canada launches drive global expansion.

What critics are saying

  • Revenue collapses to $7.1M in 2024 as SaaS clients demand discounts.
  • Ramp captures share with $200M raise, lower fees divert Uber partners.
  • Victory Park enforces covenants, triggers margin calls if originations falter.

What makes Pipe unique

  • Pipe embeds capital access in tools like Uber and GoCardless for SMBs.
  • Pipe acquires Glean.ai, pioneering AI spend management with embedded financing.
  • Pipe trades recurring revenue streams on global platform without equity dilution.

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Funding

Total Funding

$548.1M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Flexible Work Hours

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

3%

2 year growth

2%
Business Wire
Apr 10th, 2026
Pipe Raises $16 Million in New Funding Round Led by Fin Capital and MaC Venture Capital

Pipe, a fintech that provides customer-friendly embedded financial solutions for small businesses, announced a $16 million funding round today, led by invest...

StreetInsider
Apr 9th, 2026
Pipe raises $16M led by Fin Capital and MaC Venture Capital after tripling revenue

Pipe, a fintech providing embedded financial solutions for small businesses, has raised $16 million in a funding round led by Fin Capital and MaC Venture Capital. Marlon Nichols from MaC Venture Capital joined Pipe's board of directors. The company tripled its revenue in 2025 and nearly doubled it year-over-year in Q1 2026. Since relaunching its embedded financing product in 2024, Pipe Capital has originated over 15,000 advances totalling more than $300 million to small businesses globally. Pipe partners with companies including Boulevard, GoCardless, Housecall Pro and Uber to provide capital options embedded within business management tools. Twenty per cent of its capital originations now come from outside the United States. The funding will support strategic growth and progress towards profitability whilst expanding its partner network globally.

Raptor Group
Apr 1st, 2026
Pipe upsizes credit facility to $225M with Victory Park Capital

Pipe has renewed and upsized its credit facility with Victory Park Capital to $225 million, extending the term by two years. The deal expands global capital coverage, improves capital terms and provides greater flexibility on originations. Founded in 2007, Victory Park Capital is a global alternative asset manager specialising in private asset-backed credit. The partnership has been central to Pipe's growth since 2024, when the facility was first signed. Pipe has originated over $300 million in capital advances to small businesses globally since launching in 2024 and grew revenue by three times in 2025. The company provides capital access embedded within business management tools for partners including Boulevard, Housecall Pro, Live Payments and Uber. The renewed facility provides capacity to support Pipe's growth plans for the next three years.

Pipe
Mar 23rd, 2026
Pipe Renews and Upsizes Credit Facility with Victory Park Capital

Pipe is excited to announce that we’ve upsized our credit facility with Victory Park Capital (“VPC”) to $225 million and extended the term of the facility by two years. First signed in 2024, this renewed partnership reflects the strong foundation we've built together and our shared confidence in what's ahead.

intelligence360
Jan 30th, 2026
Pipe Technologies files to raise $30M in new funding round

Pipe Technologies has filed a notice with the US Securities and Exchange Commission to raise $30 million in new funding through an exempt offering of securities under Regulation D. The filing was submitted within 15 days of the first investor committing to the round. Pipe Technologies operates an embedded financial operating system providing cash flow management tools for businesses. Its product suite includes capital solutions offering flexible, sales-based payments and a 30-day pay-in-full charge card for expense management. The company has joined the World Economic Forum's Unicorn Community and partners with UberEats and GoCardless, serving Vertical SaaS platforms, payment facilitators and marketplaces. Jin Han serves as chief administrative officer and secretary.

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