Pipe names new CEO, adds Zilch US chief to board
Former Square and Intuit Exec Luke Voiles is the new CEO of fintech Pipe.
Pipe, a fintech revenue trading platform, has hired Luke Voiles as its new CEO.
Pipe launched in 2020 and now has 23,000 small business customers.
Over half of the trading volume on the platform comes from non-SaaS vertical markets, including direct-to-consumer (D2C) subscriptions, streaming services, service-based businesses, and more.
Josh Mangel, cofounder of Pipe and current CEO will move into the role of executive chairman.
Voiles joins Pipe from Square, where he served as General Manager of Square Banking.
Prior to Square, he held roles at Intuit, including CEO and President of QuickBooks Capital, building the lending business from scratch and scaling it to $2bn in loans originated.
Voiles has also worked at alternative investment firms focused on credit and special situations, including TPG Capital and Lone Star Funds.
“We are in a transformative period in the evolution of fintech. Embedded financial services are disrupting the status quo and Pipe has the opportunity to demonstrate to the world what the future of capital access looks like,” said Voiles.
A Square Banking, Voiles led the teams responsible for scaling and managing Square Loans, instant transfer, Square Checking, and Square Savings around the world.
Square Loans has now hit more than $4bn per year in loan volume, making it one of the largest alternative SMB lenders in the world.