Uber partners with Pipe to offer capital to small businesses

Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire capital with fewer barriers to access, CNBC has learned

Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire capital with fewer barriers to access, CNBC has learned.

Pipe is teaming up with Uber Eats to add its embedded technology to the company’s restaurant manager app. Eligible restaurants will see pre-approved capital offers from Pipe that are customized based on the businesses’ revenue and cash flow.

The new partnership will start rolling out widely this week on Uber Eats, according to Pipe.

The Uber Eats Manager app for restaurants, which houses thousands of restaurants in the U.S., functions as a one-stop shop for restaurants to monitor and manage their businesses. With the Pipe partnership, restaurants can work with the fintech company on accessing money directly in the app.

“I think it’s an alignment of wanting to help these small businesses succeed, building the thing that just works to do that and making it so seamless and embedded that the customers don’t even realize somebody else is involved,” Pipe CEO Luke Voiles told CNBC.