Fintech firm Pipe secures $2bn valuation after funding round
Pipe allows companies to sell their recurring revenue streams
Pipe, a startup that allows companies to sell their recurring revenue streams, has secured a valuation of $2bn (£1.4bn) following a fresh funding round.
The fintech firm today said it had raised a further $250m in a round led by venture capital firm Greenspring Associates.
New investors such as Morgan Stanley’s investment arm Counterpoint Global, SBI Investment and Creditease Fintech Investment Fund also contributed to the funding.
Pipe, dubbed the “Nasdaq for revenue”, operates a trading platform that connects investors with companies seeking to raise capital without dilution.