The US fintech has also hired two senior executives to help ease its way into the UK market.
International expansion is often high up on a fintech’s to-do list and fledgeling US fintech Pipe just made the big jump across the pond—a journey its own founder did the reverse of seven years ago.
Founded in 2019, Pipe allows users to sell their recurring revenues to investors through the world’s first trading platform of its kind. At its core, Pipe is essentially a trading platform for recurring revenue streams.
“I left the UK for the United States seven years ago as it provided the best funding environment to build my first technology company, and it is enormously gratifying to bring those same opportunities to the burgeoning ecosystem of technology companies in the UK,” Harry Hurst, co-CEO and co-founder of Pipe, said.
“If Pipe existed a decade ago and offered company friendly financing options, I might never have left the UK.”
To make the UK its new home, Pipe has hired two fintech heavyweights to help it on its journey.
Brad Coffey has joined as Pipe’s chief customer officer, where he will be responsible for helping Pipe realise its growth and expansion plans.
Coffey is the former chief strategy officer at American software development firm HubSpot, where he saw the company grow from startup to publicly-traded company and officially met Pipe when he led HubSpot’s strategic investment in the startup back in Pipe's $50m funding round in March 2020.
The fintech’s second hire is Pipe’s new director of content Sid Orlando. Orlando is the former editor-in-chief at Stripe and before then was a content creator at Kickstarter.
Orlando will help Pipe build its UK brand with both entrepreneurs and within the alternative financing space too.
Back in March of this year, Pipe raised $300m in equity from a host of investors, including Shopify, Slack, Alexis Ohanian's Seven Seven Six, Chamath Palihapitiya and HubSpot.