Pipe, a leading FinTech firm specializing in embedded financial solutions, has announced a partnership with GoCardless, a bank payment company, aimed at enhancing capital access for small and medium-sized enterprises (SMEs) in the UK. This collaboration is set to broaden the availability of user-friendly capital solutions for businesses across the region.
By combining their strengths, Pipe and GoCardless are focused on providing SMEs with essential financial tools that promote growth and sustainability. Pipe’s robust platform integrates financial solutions into the daily workflows of SMEs, allowing them to secure working capital quickly and efficiently, circumventing traditional financial underwriting processes.
The pilot program launched in the UK has yielded promising results, with an impressive 88 Net Promoter Score among GoCardless customers and nearly £7 million in capital already advanced to participants.
Luke Voiles, CEO of Pipe, stated, “This partnership with GoCardless represents a significant advancement in our mission to empower small businesses globally with the financing and services they need to thrive. By merging Pipe’s customer-centric solutions with GoCardless’s extensive market reach, we are revolutionizing access to capital for small businesses in today’s dynamic economy.”
Jolawn Victor, Chief Growth Officer at GoCardless, expressed enthusiasm about the collaboration, noting, “Working with Pipe has allowed us to swiftly implement a pilot program that has exceeded expectations. The strong demand for this type of financing is evident from the positive customer feedback and conversion rates we’ve experienced. We look forward to fully launching this embedded product next year, enabling our customers to seize new growth opportunities while strengthening their loyalty to GoCardless.”
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