Recurring revenue trading platform Pipe announced the offering is now available in the U.K., a growth initiative that has the company adding a pair of tech veterans to its international leadership ranks.
More than 8,000 U.S. companies have signed up on Pipe this year, with more than half of them coming from business segments including direct-to-consumer (D2C) subscription, property management, streaming services and service-based businesses, the company said in a Tuesday (Sept. 21) press release.
“I left the U.K. 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 U.K.,” Pipe Co-founder and Co-CEO Harry Hurst said in the company announcement.
“If Pipe existed a decade ago and offered company-friendly financing options, I might never have left the U.K.,” he said.
As part of Pipe’s U.K. expansion, Brad Coffey has joined as chief customer officer, where he will be responsible for driving continued growth and expansion of verticals beyond Pipe’s initial launch market of SaaS.
Coffey was chief strategy officer at HubSpot, where he led the company’s long-term strategy on products, packaging and pricing and oversaw its partnerships, ventures, and corporate development teams.
“Pipe has a rare opportunity to fundamentally change the way companies fund their growth, and to help shape the FinTech market,” said Coffey.
Pipe has also added Sid Orlando, former editor-in-chief of FinTech leader Stripe, and before that, manager of curation and content at Kickstarter. She will lead Pipe’s content creation and build its repository of entrepreneur- and founder-focused content, while increasing global awareness of alternative finance.
“Pipe has already become a compelling brand in FinTech in little over a year since its launch,” said Orlando in the company announcement. “I’m inspired by the possibilities Pipe offers founders and looking forward to working with the Pipe team to further educate the market — from early-stage startups to public companies — on how to scale without unnecessary dilution or restrictive debt.”
Meanwhile, PayPal last week completed its launch of cryptocurrency trading on the platform to include Litecoin and Ethereum, adding to bitcoin and BitcoinCash, which were rolled out last month.