And One of the Largest Small Business Funders is… Pipe?

| By:

pipeIt’s not a loan, Pipe says. Instead businesses can sell their future recurring revenue to investors on a trading platform for cash upfront today. Led by CEO Harry Hurst, the former founder of a rental car delivery service, Pipe has provided an astounding $1.2B worth of capital to businesses this year, putting them on pace to become one of the largest small business finance companies nationwide.

The company claims to have made recurring revenue into an asset class while making Miami their home base, much to the joy of the city’s tech-friendly mayor.

Pipe considers itself to be the “Nasdaq for revenue” and calls its employees “plumbers” instead of sales agents, underwriters, and engineers.

Pipe has already raised $300 million of equity financing in the last year from investors including Shopify, Slack, Okta, HubSpot, Next47, Marc Benioff’s TIME Ventures, Alexis Ohanian’s Seven Seven Six, Chamath Palihapitiya, MaC Ventures, Fin VC, Greenspring Associates, Counterpoint Global (Morgan Stanley) and more at a valuation of over $2 billion.

“Pipe is levelling the playing field for companies in the capital markets,” said Chamath Palihapitiya, Founder & CEO, Social Capital, to finledger. “By taking the underlying contracts that generate recurring revenue streams and making them tradable for the first time, Pipe has unlocked a multi-trillion dollar asset class, revenue.”

Last modified: December 22, 2021

Category: merchant cash advance

Home merchant cash advance › And One of the Largest Small Business Funders is… Pipe?

    Bitty Advance

    Big Think Capital

    Unique Funding Solutions

    Fresh Funding

    Fox Business Funding



    Amerifi Capital

    Accord Business Funding

    Legend Funding

    Symplifi Capital

    Hunter Caroline

    Better Accounting Solutions

    CFG Merchant Solutions

    Green Note Capital

    Paz Funding Source

    Global Funding Experts

    AMA Recovery

    deBanked CONNECT MIAMI

    Main Street Finance Group

    Balboa Capital


    Vox Funding

    Wynwood Capital Group

    Pearl Capital

    IAC - In Advance Capital