Pipe has renewed and upsized our credit facility with Victory Park Capital (“VPC”) to $225 million.
Pipe is excited to announce that we’ve upsized our credit facility with Victory Park Capital (“VPC”) to $225 million and extended the term of the facility by two years. First signed in 2024, this renewed partnership reflects the strong foundation we’ve built together and our shared confidence in what’s ahead.
Founded in 2007, VPC is a global alternative asset manager that specializes in private asset-backed credit. VPC provides investments to both emerging and established companies globally, focusing on those unable to secure traditional funding. VPC stands out for its vast industry network, strategic deal sourcing, innovative financing, and expertise in credit structuring and special situations.
Our partnership with VPC has been central to Pipe’s growth over the last two years. Pipe has originated over $300 million in capital advances to small businesses across the world since launching in 2024 and grew our revenue by 3x in 2025. Along with our other capital facilities, this renewed warehouse facility provides Pipe with more than enough capacity to support our already ambitious growth plans for the next three years and provides a crucial foundation for Pipe and the work we do with our partners.
This renewed deal extends the maturity of the facility, expands our global capital coverage, improves our capital terms, and gives us greater flexibility on originations. Renewing this facility reflects VPC’s confidence in Pipe’s business and the small businesses we serve through our partners, like Boulevard, Housecall Pro, Live Payments, and Uber.
Since launching Pipe, the product has scaled strongly and continues to support small business growth with capital access embedded inside the tools they’re using each day to manage their business. VPC’s continued support for Pipe and for a capital program that underwrites based on real cash flow and revenue data is a strong validation of the opportunity in small business lending worldwide.
