Pipe, a fintech company providing embedded financial solutions for small businesses, announced it has raised $16 million in a new funding round led by Fin Capital and MaC Venture Capital. The investment marks the company’s first equity raise since relaunching its embedded financing product in 2024 and comes after a period of significant growth.
The company said it tripled revenue in 2025 and nearly doubled revenue year over year in the first quarter of 2026. Pipe plans to use the new capital to accelerate strategic growth, expand partnerships, and continue progressing toward profitability.
Pipe’s core offering enables small businesses to access capital directly within the software tools they already use. Through its flagship product, Pipe Capital, the company has originated more than 15,000 advances globally, totaling over $300 million. Its embedded model allows businesses to secure financing in just a few clicks, aiming to simplify access to working capital.
Growth has been driven in part by partnerships with platforms such as Boulevard, GoCardless, Housecall Pro, Live Payments, and Uber. The company has also expanded internationally, with about 20 percent of its capital originations now coming from outside the United States, a figure expected to increase as Pipe grows its global footprint.
As part of the funding round, Marlon Nichols, General Managing Partner at MaC Venture Capital, joined Pipe’s board of directors. Pipe also recently extended its capital warehouse facility with Victory Park Capital for up to $225 million over two years.
The company said it will continue adding new partners, including AI-powered point-of-sale provider Epos Now, to broaden access to financing for small and medium-sized businesses across the U.S., Canada, and the U.K.
KEY QUOTES:
“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.”
“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.”
Claurelle Rakipovic, CEO of Pipe
“Pipe has shown strong and consistent growth in the last two years since launching Pipe Capital, with a best-in-class product serving a small business community underserved by traditional capital sources. Pipe’s continued origination and revenue growth, coupled with its operating discipline as a company give us strong belief that it will continue to stand out in a competitive market.”
Logan Allin, Founder and Managing Partner at Fin Capital
