Peach Finance Partners with Pipe to Enhance Working Capital Solutions

Peach Finance, the leading modern servicing technology platform, today announced its partnership with Pipe to bolster the modern capital platform’s working capital solutions. Pipe, having raised over $300M in venture funding, provides small and medium-sized businesses (SMBs) with quick, frictionless, and dilution-free financing. Since 2020, Pipe has directly offered working capital solutions to businesses and recently expanded its capital-as-a-service solution, reaching millions of SMBs through embedded offerings for independent software vendors (ISVs) and payment companies. Additionally, Pipe has secured agreements with two major capital providers, allowing it to fund over $1 billion in originations through its capital-as-a-service offering.

In 2023, Peach Finance was chosen as a key infrastructure provider for powering Pipe’s working capital solutions. Pipe required a servicing technology partner with a proven performance record and product velocity aligned with its own. Peach’s platform serves as the system of record for balance and payment management, fulfilling a crucial component of Pipe’s servicing needs.

“Pipe is dedicated to making capital and financial tools more accessible to small businesses,” said Luke Voiles, Pipe CEO. “We rely on partners who are experts in their field, and servicing technology is a critical piece of that infrastructure. We have partnered with Peach to provide the flexibility to scale our embedded capital product.”

One of Peach’s key strengths is its API-first and fully configurable architecture. Once selected as Pipe’s vendor, Peach configured the product within a week. Pipe then completed the integration in six weeks with just two engineers, bringing their production instance online in under two months.