Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions
Pipe, a fintech company enabling embedded financial solutions for software platforms, today announced its strategic acquisition of Glean.ai, a leading AI-powered spend management company. With this acquisition, Pipe becomes the first embedded finance company to bring together embedded capital and spend management for small businesses via its partners.
Glean.ai was built to address the lack of transparency surrounding a company’s expenses. Founder Howard Katzenberg, former CFO of OnDeck, wanted to solve the challenge he’d experienced firsthand: not having the right visibility into how company finances were being spent. The result is Glean.ai, the AI-powered spend management solution that provides one-click access to spending trends, billing errors, and savings opportunities, as well as delivering real-time, cross-functional budgeting and bill pay tools. Glean.ai utilizes AI to examine patterns over time and help business owners make timely, data-driven decisions.
Read the full article: ffnews.com
