Pipe, a fintech focused on embedded financial solutions for small businesses, has raised $16 mn in a new funding round led by Fin Capital and MaC Venture Capital. Marlon Nichols, managing partner at MaC Venture Capital, has joined the company’s board as part of the deal.
This marks Pipe’s first equity raise since relaunching its embedded financing product in 2024. Over the past two years, Pipe Capital has originated more than 15,000 advances, with total volume exceeding $300 mn.
The company positions its platform inside the software tools businesses already use. Through its core product, Pipe offers access to tailored capital in a few clicks, without pushing users into separate financing workflows.
Growth has come through partnerships with platforms including Boulevard, GoCardless, Housecall Pro, Live Payments and Uber.
Chief executive Claurelle Rakipovic said the company has focused on customer experience and financial discipline while scaling. She said the new funding will support faster execution on existing products and expand access to capital for small businesses.
Pipe has built the infrastructure that small business financing should have had from the start; AI-native, partner-embedded, and easily accessible for the tens of thousands of businesses that have been told for too long they’re not worthy of capital
Pipe CEO Claurelle Rakipovic
“Pipe has kept its ambition while operating with a clear focus on the customer and fiscal discipline. That combination puts us in a powerful position. This new capital gives us the fuel to move faster on what’s already working as we continue to create a better future for small businesses,” said Claurelle Rakipovic.
Pipe reported continued momentum into 2026. In the first quarter, revenue nearly doubled year over year. The company plans to use the funding to expand partnerships and move closer to profitability.
Recent partnerships include Epos Now, an AI-based point-of-sale provider, which extends access to working capital for brick-and-mortar businesses across the US, Canada and the UK.
Pipe is also growing internationally, with about 20% of capital originations now coming from outside the US. The company expects that share to increase.
Logan Allin, founder and managing partner at Fin Capital and a board member at Pipe, said the company has delivered consistent growth since launching Pipe Capital. He pointed to product quality, origination volume and operational discipline as reasons for continued investor support.
Pipe has also extended its capital warehouse facility with Victory Park Capital for two years, with capacity of up to $225 mn.
Pipe builds embedded capital products designed to scale within existing business software. The company targets small businesses that often face limited access to traditional financing, offering capital options integrated directly into their operating systems.
