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.
UPDATE 1-Pipe raises $250 mln in funding at $2 bln valuation msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Pipe Snags Engineering and Sales Talent from Stripe and Kabbage to Expand World s First Trading Platform for Recurring Revenue
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MIAMI, April 29, 2021 /PRNewswire/
Pipe, creator of the world s first trading platform for recurring revenues, today announced it has expanded its sales and engineering team with several new hires drawn from the who s who of the financial technology industry. The infusion of new talent from Kabbage, which created an automated platform for small businesses to get direct funding, and Stripe, the world s most valuable private fintech company, will accelerate adoption and help expand Pipe s trading platform offerings. The expansion of the Pipe team follows Pipe s
This Pipe-ing hot startup just raised $50M to be the ‘Nasdaq for revenue’
A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt.
The buzzy startup’s goal with the money was to give SaaS companies a way to get their revenue upfront by pairing them with investors on a marketplace that pays a discounted rate for the annual value of those contracts. (Pipe describes its buy-side participants as “a vetted group of financial institutions and banks.”)
Why HubSpot is Investing in Pipe hubspot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hubspot.com Daily Mail and Mail on Sunday newspapers.