Pipe has raised $16 million in a new funding round led by Fin Capital and MaC Venture Capital, marking its first equity raise since relaunching its embedded financing platform in 2024. The investment, which includes the appointment of Marlon Nichols to Pipe’s board, will support the company’s expansion as it continues to scale its AI-native, partner-embedded capital solutions for small businesses. Over the past two years, Pipe Capital has originated more than 15,000 advances totaling over $300 million, with integrations across platforms such as Boulevard, GoCardless, and Uber driving adoption.
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“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,” said Pipe CEO Claurelle Rakipovic. The company reported nearly doubling revenue year-over-year in Q1 2026 and is expanding globally, with 20% of originations now outside the U.S. “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,” said Logan Allin of Fin Capital.
