Pipe Launches Embedded Capital-as-a-Service for Small Business
Embedded finance is having a moment. While those of us in fintech marvel at all the technological innovation enabling its different facets, the reality is that embedded finance is helping people in very real ways.
Pipe announced the launch of their Capital-as-a-Service (CaaS) offering this morning. This new development in embedded finance is going to have a dramatic impact on small businesses all over the country.
It pains me that after more than a decade in fintech, much of it focused on the lending space, we have still not solved the small business lending problem. Millions of small businesses still lack access to capital because lenders have not figured out a way to underwrite heterogeneous small businesses, often with owners who are thin-file or have bad credit. While, admittedly, fintech lenders have made a dent in this problem, it is still not solved.
Read the full article: fintechnexus.com
