TSL Express Daily News
The Secured Lender
SFNet's Factoring & Supply Chain Finance And Great Places To Work Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
June 24, 2024
Source: Businesswire
OAKLAND, Calif.--(BUSINESS WIRE)--Peach Finance, the leading modern servicing technology platform, today announced its partnership with Pipe, helping the modern capital platform power its working capital solutions.
Pipe, which has raised more than $300M in venture funding, provides small and medium-sized businesses (SMBs) with access to fast, frictionless, dilution-free financing. The company has offered its working capital solutions directly to businesses since 2020, and recently announced an expanded capital-as-a-service solution, enabling it to reach millions of SMBs through an embedded offering for independent software vendors (ISVs) and payment companies. Pipe also announced that it had entered an agreement with two major capital providers, enabling it to fund more than $1 billion in originations through its capital-as-a-service offering.
In 2023, Peach was selected as a key infrastructure provider to power Pipe’s working capital solutions. Pipe’s requirements for a servicing technology partner included a proven track record of performance with enterprise clients—and a product velocity matching their own. Peach's platform provides the system of record for balance and payment management, a key component of Pipe's servicing needs.
“Pipe is committed to making capital and financial tools more accessible to small businesses,” said Luke Voiles, Pipe CEO. “We lean on partners who are experts in their field, and servicing technology is a critical piece of that infrastructure. We have partnered with Peach to provide the flexibility to scale our embedded capital product.”
One of Peach’s key differentiators is its API-first and fully configurable architecture. Once Peach was identified as Pipe’s vendor of choice, Peach configured the product in a single week. Pipe then built the integration over the subsequent six weeks, dedicating just two engineers, and had their production instance up and running in under two months.
About Peach
Peach Finance is an API-first technology platform powering innovative lending and credit programs for many of today’s leading innovators, including Square, Remitly and Lendable. Peach is the only lending platform built on an Adaptive Core™, a new paradigm in loan management helping fintechs and traditional financial institutions quickly launch and confidently scale configurable lending programs. Peach is also the innovator behind the industry’s only Self-Service Portfolio Migration™ capability.
The company’s fully integrated suite of cloud-native products includes a loan management system that supports virtually any non-mortgage asset class and features 250+ configuration variables; a suite of proprietary servicing tools, including a lending-specific CRM, borrower portal, agent portal, payment processing, communications, reporting and first-party collections tools; and Compliance Guard™, a proprietary compliance monitoring system. Peach’s mission is to improve lives by giving every lender the power to innovate. Learn more at peachfinance.com.
About Pipe
Pipe is the modern capital platform that connects entrepreneurs and business owners to fast, frictionless, dilution-free funding. Pipe turns all forms of revenue into up-front working capital to help companies improve cash flow, scale operations, and grow on their terms. To learn more, visit www.pipe.com or follow @pipe on X.
Contacts
Peach media contact
press@peachfinance.com