This fintech platform ‘Pipe’ is the NASDAQ for revenue, a new lending marketplace for investors and companies to grow business without any delusion.
In this article, we will be talking about pipe and its recent funding, & a complete guide on the registration process.
Scarcity often comes with ample opportunities. Needless to say that young people these days are doing their best in every field that you see around. Mind full of new and innovative ideas that often bring success. Ideas may fail sometimes or they may be useful but what’s most important is trying even if it disappoints you sometimes.
With that being said, let me give you an example of a startup named ‘Pipe’ that established itself in the market a few years back.
The Pipe is a Miami, Florida-based trading platform owned by Harry Hurst the CEO & founder of the company. Other founding members are Zain Allarakhia & Josh Mangel. It was founded on August 1, 2019.
On March 9, 2021. The company had announced that it raised $50M in strategic equity funding which was Led by Jim Pallotta’s Raptor Group & Siemens Next47, including other participants such as Slack, Shopify, Okta, and Chamath Palihapitiya, HubSpot, Michael Dell’s MSD Capital, Marc Benioff, Joe Lonsdale, Alexis Ohanian, and Republic. There were a total of 16 investors participating in this round of funding. the company has received $316M in total capital to date over 5 rounds. The latest funding was on May 19, 2021. There are 5 lead investors among 56 total investors. Recently the company acquired a firm named Purely Capital on Feb 23, 2022.
The platform ‘Pipe’ provides you with a new method to build your business on your own terms, without any misconception. By factoring or trading their future payment stream, you can convert your revenue restriction into money for expansion.
What’s great about the pipe is that you don’t even need an actual receivable to trade your future payment stream for cash. However, unlike banks, the investors on the pipe platform, who are essentially purchasing these future payment streams, do not require an invoice. So captivating financial innovation. Also, It is a spectacular trading platform for both investors and businesses. It provides you with immediate access to your annual cash flow, while investors have the opportunity to participate in a new asset class.
Additionally, It enables you to accelerate revenue in order to invest in faster expansion by minimizing the time gap between the expense of customer acquisition and the revenue generated by those customers. The pipe allows you to get the benefits of upfront capital without risking your bottom line. So you don’t need to give a discount to generate money. You may easily increase revenue without degrading the value of your offering.
Here’s How it works? A complete process to get you in.
Step 1 – Sign up
So, here you need to fill out some basic credentials like your name, your email id, your country, and the strong password of your choice to sign up and verify. Let’s move on to the next step.
Step 2 – Link your billing manager
Pipe securely links with popular billing managers, banking partners, and accounting platforms, allowing you to manage your account and gain access to non-dilutive cash.
It analyzes the strength and scale of your business by aligning your systems. Once you get the approval from the firm, then you are eligible to trade immediately, also you’ll be given a trading limit and bid price to start trading.
Step 3 – Set your data using slide
This is the dashboard where you can check everything about your trading including bit price & remaining trade limit. You can also check your past trades. Use the slider to set your data to how much you want to trade. & check your order as shown in the above image.
It will not take much time to hit your bank account. This platform is fully automated and secured. It’s up to you to decide how much you want to pipe & also it won’t allow your customers to know that pipe exists or you can take pipe as an operating partner that allows you to have access to the capital that you need.
All in All,
The pipe is a stunning platform for investors as well as for companies to grow their businesses. It offers an open financing policy that lets entrepreneurs scale their businesses without taking large amounts of debt or giving up ownership equity.