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Revenue-based financing is the future for capital-efficient software companies.

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We invented a new asset class: trading recurring revenue like bonds.

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SaaS companies have predictable revenue. That revenue can be traded for upfront cash. No equity dilution. No debt.

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The 2022 downturn tested our model. Defaults rose. We tightened underwriting. The core idea is still sound.

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Founders shouldn't have to give away equity to fund growth when they already have predictable revenue.

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Every business with recurring revenue — SaaS, streaming, insurance — can use Pipe. The market is massive.