Pipe
MCA inside partner apps (Uber Eats, Housecall Pro); amount sized to sales. One flat fee (10% example, ~38% APR), no credit check, same-day funding.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Small businesses with about four months of sales on a Pipe partner platform (Uber Eats, Housecall Pro, Boulevard) that want capital without a credit check or personal guarantee.
Not for: Businesses outside Pipe's partner platforms, or anyone who wants to see the price before being invited. Fast repayment can push the cost near 40% APR; bank or SBA credit is cheaper if you qualify.
Lender List verdict: Pipe Capital's payments fall when sales fall and no minimum payment ever comes due, the core advantage over term loans. The cost is a flat fee you see only in your offer; Pipe's own 10% example, repaid in about six months, works out to roughly 38% APR.
Pipe Capital at a glance
Pipe is a San Francisco fintech that funds merchant cash advances inside the software small businesses already use.
| Pipe | |
|---|---|
| Lender type | Direct funder of merchant cash advances (Pipe Advance LLC), offered through partner platforms |
| Founded | 2019 |
| HQ | San Francisco, CA |
| Parent/owner | Pipe Technologies Inc. (venture-backed) |
| Products | Pipe Capital (merchant cash advance) |
| Amounts | Not published; sized from your sales and bank data |
| Cost (headline) | One flat fee (10% in Pipe's example); Pipe said in 2024 it aims to keep average APRs in the low 20% range, with some reaching the low 40% range |
| Term | No fixed term; no monthly minimum |
| Funding speed | Same business day once payments are set up |
| Status | Active (2026-10-26); US, UK and Canada; Australia via Live Payments (launched Nov 2025, per Pipe) |
What is Pipe?
Pipe is a fintech, founded in 2019, that funds merchant cash advances through partner software such as Uber Eats, Housecall Pro and GoCardless. US advances come from Pipe Advance LLC, backed by a Victory Park Capital facility of up to $225 million.
After a 2023 rebuild around small business capital, it reports more than 15,000 advances totaling over $300 million in the past two years. Claurelle Rakipovic, formerly of Amazon's small business lending team, became CEO in December 2025.
How Pipe Capital works
Pipe Capital pays you up front and collects a fixed share of each sale until the advance and its flat fee are repaid.
- Offer: Pre-approved from platform sales data; usually open about 30 days.
- Repayment: A fixed percentage of each sale, which Pipe says is 15% or less, deducted automatically from your payouts.
- Minimums: None, and no late penalty.
- Funding speed: Same business day after payments are set up; some partners quote up to 48 hours.
Who gets an offer
Pipe Capital is invite-only: your software must work with Pipe and your sales must qualify. Housecall Pro says Pipe typically wants four months of transaction history; Pipe says it can underwrite on 3 to 6 months.
Sacra reports most Pipe customers earn roughly $50,000 to $1 million a year. Pipe excludes industries such as cannabis, crypto, firearms and gambling, and funds one advance at a time.
Pipe Capital rates and fees: what it really costs
Pipe Capital charges one flat fee, a percentage of the amount advanced: 10% in Pipe's own example. Then-CEO Luke Voiles told Payments Dive in 2024 that Pipe aims to keep average APRs in the low 20% range, with some riskier businesses reaching the low 40% range.
- Charged: the one flat fee
- Not charged: interest, late fees, or monthly minimum payments
- Not published: the fee range, the maximum fee, or early-payoff terms
Worked example: take a $25,000 advance at a 10% fee and you owe $27,500. At $1,000 a day in sales and a 15% hold, you repay $150 a day and finish in about 184 days (roughly six months), which is about 38% APR. If one month's sales halve to $500 a day, payments drop to $75 a day, payoff slides about 15 days, and the APR falls to roughly 34%, with no added fee. With weekday-only sales, payoff takes about 256 days and the APR is about 28%. Pipe has said it caps the fee for fast payers, so your real APR may be lower.
Pipe requirements
Pipe Capital has no credit check and no minimum credit score; you need a partner-platform offer and a few months of sales.
| Requirement | Pipe minimum |
|---|---|
| Personal credit score | None; no credit check |
| Time in business | About 4 months of sales history (Housecall Pro); 3 to 6 months per Pipe |
| Annual revenue | Not published (third-party: most customers $50,000 to $1 million) |
| Bank account / integrations | Partner platform data plus a connected business bank account |
| Credit check | None |
| Collateral / guarantee | No personal guarantee, no personal collateral, no confession of judgment |
Pros and cons
Pipe Capital's best feature is no minimum payment; its worst is an unpublished price.
Pros
- No credit check, personal guarantee or confession of judgment
- No monthly minimum, so a dead month costs nothing extra
- Draw only part of the offer and pay a fee only on that part
- Funds can arrive the same business day
Cons
- Only reachable through a partner platform; no direct application
- No published amounts, fee range or early-payoff terms
- Fast payback pushes the effective APR toward 40%
- Several industries excluded; one advance at a time
Pipe vs. Stripe Capital vs. Parafin
Pipe, Stripe Capital and Parafin all charge one flat fee, and none publishes a general maximum amount.
| Pipe | Stripe Capital | Parafin | |
|---|---|---|---|
| Max amount | Not published | Not published (sized by Stripe volume) | Not published (Amazon program: up to $10M) |
| Pricing | One flat fee (10% in Pipe's example) | One flat fee; 10% in Stripe's examples | One fixed fee; range not published |
| Min FICO | No credit check | No minimum; may run a soft check | No credit checks |
| Min time in business | About 4 months of sales | 3+ months on Stripe | Set by platform (Amazon: 3+ months) |
| Min annual revenue | Not published | $5,000+ Stripe volume | Not published |
| Repayment | 15% or less of sales; no minimum | Fixed % of daily Stripe sales; loans have 30- or 60-day minimums | Fixed % of sales, daily, weekly or bi-weekly |
| Early payoff | Not published | No prepayment penalty | Fee owed in full on early payoff |
Stripe Capital and Parafin figures are from their own sites, checked 2026-10-26. Stripe agreed to acquire Parafin on September 30, 2026.
Pipe alternatives on Lender List
The closest Pipe alternatives are Stripe Capital and Parafin, plus Square Loans and Fundbox.
- Stripe Capital — the equivalent for Stripe processors
- Parafin — embedded advances for marketplace and platform sellers
- Square Loans — sales-share repayment for Square sellers
- Fundbox — a line of credit not tied to one platform
- Browse all platform-embedded capital on Lender List
Frequently asked questions about Pipe
Pipe is an active funder of merchant cash advances sold through software platforms.
Is Pipe Legit? Yes. Pipe has operated since 2019, raised $16 million in April 2026, and reports over 15,000 advances worth more than $300 million. Its US entity was on Virginia's sales-based financing registrant list as of June 2024. We found no BBB or Trustpilot profile and no regulatory action; it cut about half its staff in late 2025.
Is Pipe Capital a Loan or a Merchant Cash Advance? It is a merchant cash advance, not a loan. Pipe buys a share of your future sales for an upfront payment plus one flat fee, with no interest. Then-CEO Luke Voiles told Payments Dive in 2024 that a business that fails is not required to repay, which is a key legal difference from a loan.
What Happens If Sales Drop? Your Pipe payments shrink automatically, because each is a fixed share of a sale, and the fee never grows. With no monthly minimum or late penalty, a slow month only lengthens payoff; in our example, a month at half sales adds about 15 days.
How Do I Get a Pipe Capital Offer? Through your software, not pipe.com. Offers appear inside partner platforms such as Uber Eats, Housecall Pro or Boulevard once you have about four months of qualifying sales. You then link your bank account and verify the business and owners; there is no credit check.
Is Pipe Still Revenue-Based Financing for SaaS Companies? No. Pipe started in 2019 as a marketplace where SaaS companies traded recurring revenue for cash, but rebuilt itself in 2023. It now offers merchant cash advances to small businesses through partner platforms, so SaaS founders seeking revenue-based financing should look elsewhere.
How Fast Does Pipe Fund? Usually the same business day. Pipe sends funds once payments are set up, and they can land within hours, depending on your bank's deposit holds. Pipe's product page says as little as one day and an older Pipe article says 1 to 2 business days; Housecall Pro quotes up to 48 hours.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Small businesses with about four months of sales on a Pipe partner platform (Uber Eats, Housecall Pro, Boulevard) that want capital without a credit check or personal guarantee.
Not for: Businesses outside Pipe's partner platforms, or anyone who wants to see the price before being invited. Fast repayment can push the cost near 40% APR; bank or SBA credit is cheaper if you qualify.
Lender List verdict: Pipe Capital's payments fall when sales fall and no minimum payment ever comes due, the core advantage over term loans. The cost is a flat fee you see only in your offer; Pipe's own 10% example, repaid in about six months, works out to roughly 38% APR.
Pipe Capital at a glance
Pipe is a San Francisco fintech that funds merchant cash advances inside the software small businesses already use.
| Pipe | |
|---|---|
| Lender type | Direct funder of merchant cash advances (Pipe Advance LLC), offered through partner platforms |
| Founded | 2019 |
| HQ | San Francisco, CA |
| Parent/owner | Pipe Technologies Inc. (venture-backed) |
| Products | Pipe Capital (merchant cash advance) |
| Amounts | Not published; sized from your sales and bank data |
| Cost (headline) | One flat fee (10% in Pipe's example); Pipe said in 2024 it aims to keep average APRs in the low 20% range, with some reaching the low 40% range |
| Term | No fixed term; no monthly minimum |
| Funding speed | Same business day once payments are set up |
| Status | Active (2026-10-26); US, UK and Canada; Australia via Live Payments (launched Nov 2025, per Pipe) |
What is Pipe?
Pipe is a fintech, founded in 2019, that funds merchant cash advances through partner software such as Uber Eats, Housecall Pro and GoCardless. US advances come from Pipe Advance LLC, backed by a Victory Park Capital facility of up to $225 million.
After a 2023 rebuild around small business capital, it reports more than 15,000 advances totaling over $300 million in the past two years. Claurelle Rakipovic, formerly of Amazon's small business lending team, became CEO in December 2025.
How Pipe Capital works
Pipe Capital pays you up front and collects a fixed share of each sale until the advance and its flat fee are repaid.
- Offer: Pre-approved from platform sales data; usually open about 30 days.
- Repayment: A fixed percentage of each sale, which Pipe says is 15% or less, deducted automatically from your payouts.
- Minimums: None, and no late penalty.
- Funding speed: Same business day after payments are set up; some partners quote up to 48 hours.
Who gets an offer
Pipe Capital is invite-only: your software must work with Pipe and your sales must qualify. Housecall Pro says Pipe typically wants four months of transaction history; Pipe says it can underwrite on 3 to 6 months.
Sacra reports most Pipe customers earn roughly $50,000 to $1 million a year. Pipe excludes industries such as cannabis, crypto, firearms and gambling, and funds one advance at a time.
Pipe Capital rates and fees: what it really costs
Pipe Capital charges one flat fee, a percentage of the amount advanced: 10% in Pipe's own example. Then-CEO Luke Voiles told Payments Dive in 2024 that Pipe aims to keep average APRs in the low 20% range, with some riskier businesses reaching the low 40% range.
- Charged: the one flat fee
- Not charged: interest, late fees, or monthly minimum payments
- Not published: the fee range, the maximum fee, or early-payoff terms
Worked example: take a $25,000 advance at a 10% fee and you owe $27,500. At $1,000 a day in sales and a 15% hold, you repay $150 a day and finish in about 184 days (roughly six months), which is about 38% APR. If one month's sales halve to $500 a day, payments drop to $75 a day, payoff slides about 15 days, and the APR falls to roughly 34%, with no added fee. With weekday-only sales, payoff takes about 256 days and the APR is about 28%. Pipe has said it caps the fee for fast payers, so your real APR may be lower.
Pipe requirements
Pipe Capital has no credit check and no minimum credit score; you need a partner-platform offer and a few months of sales.
| Requirement | Pipe minimum |
|---|---|
| Personal credit score | None; no credit check |
| Time in business | About 4 months of sales history (Housecall Pro); 3 to 6 months per Pipe |
| Annual revenue | Not published (third-party: most customers $50,000 to $1 million) |
| Bank account / integrations | Partner platform data plus a connected business bank account |
| Credit check | None |
| Collateral / guarantee | No personal guarantee, no personal collateral, no confession of judgment |
Pros and cons
Pipe Capital's best feature is no minimum payment; its worst is an unpublished price.
Pros
- No credit check, personal guarantee or confession of judgment
- No monthly minimum, so a dead month costs nothing extra
- Draw only part of the offer and pay a fee only on that part
- Funds can arrive the same business day
Cons
- Only reachable through a partner platform; no direct application
- No published amounts, fee range or early-payoff terms
- Fast payback pushes the effective APR toward 40%
- Several industries excluded; one advance at a time
Pipe vs. Stripe Capital vs. Parafin
Pipe, Stripe Capital and Parafin all charge one flat fee, and none publishes a general maximum amount.
| Pipe | Stripe Capital | Parafin | |
|---|---|---|---|
| Max amount | Not published | Not published (sized by Stripe volume) | Not published (Amazon program: up to $10M) |
| Pricing | One flat fee (10% in Pipe's example) | One flat fee; 10% in Stripe's examples | One fixed fee; range not published |
| Min FICO | No credit check | No minimum; may run a soft check | No credit checks |
| Min time in business | About 4 months of sales | 3+ months on Stripe | Set by platform (Amazon: 3+ months) |
| Min annual revenue | Not published | $5,000+ Stripe volume | Not published |
| Repayment | 15% or less of sales; no minimum | Fixed % of daily Stripe sales; loans have 30- or 60-day minimums | Fixed % of sales, daily, weekly or bi-weekly |
| Early payoff | Not published | No prepayment penalty | Fee owed in full on early payoff |
Stripe Capital and Parafin figures are from their own sites, checked 2026-10-26. Stripe agreed to acquire Parafin on September 30, 2026.
Pipe alternatives on Lender List
The closest Pipe alternatives are Stripe Capital and Parafin, plus Square Loans and Fundbox.
- Stripe Capital — the equivalent for Stripe processors
- Parafin — embedded advances for marketplace and platform sellers
- Square Loans — sales-share repayment for Square sellers
- Fundbox — a line of credit not tied to one platform
- Browse all platform-embedded capital on Lender List
Frequently asked questions about Pipe
Pipe is an active funder of merchant cash advances sold through software platforms.
Is Pipe Legit? Yes. Pipe has operated since 2019, raised $16 million in April 2026, and reports over 15,000 advances worth more than $300 million. Its US entity was on Virginia's sales-based financing registrant list as of June 2024. We found no BBB or Trustpilot profile and no regulatory action; it cut about half its staff in late 2025.
Is Pipe Capital a Loan or a Merchant Cash Advance? It is a merchant cash advance, not a loan. Pipe buys a share of your future sales for an upfront payment plus one flat fee, with no interest. Then-CEO Luke Voiles told Payments Dive in 2024 that a business that fails is not required to repay, which is a key legal difference from a loan.
What Happens If Sales Drop? Your Pipe payments shrink automatically, because each is a fixed share of a sale, and the fee never grows. With no monthly minimum or late penalty, a slow month only lengthens payoff; in our example, a month at half sales adds about 15 days.
How Do I Get a Pipe Capital Offer? Through your software, not pipe.com. Offers appear inside partner platforms such as Uber Eats, Housecall Pro or Boulevard once you have about four months of qualifying sales. You then link your bank account and verify the business and owners; there is no credit check.
Is Pipe Still Revenue-Based Financing for SaaS Companies? No. Pipe started in 2019 as a marketplace where SaaS companies traded recurring revenue for cash, but rebuilt itself in 2023. It now offers merchant cash advances to small businesses through partner platforms, so SaaS founders seeking revenue-based financing should look elsewhere.
How Fast Does Pipe Fund? Usually the same business day. Pipe sends funds once payments are set up, and they can land within hours, depending on your bank's deposit holds. Pipe's product page says as little as one day and an older Pipe article says 1 to 2 business days; Housecall Pro quotes up to 48 hours.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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