Pipe Receives $100M Credit Facility From Victory Park Capital
Summary
The facility, which has the potential to upsize up to $200M in the future, will support Pipe’s Capital-as-a-Service solution, enabling access to capital for millions of small and medium-sized businesses. Led by CEO Luke Voiles, Pipe provides a capital platform that connects entrepreneurs and business owners to fast, dilution-free funding. It turns all forms of revenue into up-front working capital to help companies improve cash flow, scale operations, and grow on their terms. Through its infrastructure and APIs, partners can embed Pipe’s proven capital offering into their own ecosystem, improving merchant experience and monetizing payments in a mutually beneficial way. End merchants can then access capital easily based on their secure transaction data from the partner platform, bypassing many of the hurdles of traditional financing.