GoCardless Partners with Pipe to Provide SMEs with Fast Capital Financing

GoCardless, a bank payments fintech, has partnered with embedded finance firm Pipe to offer small and medium-sized enterprises (SMEs) direct access to capital financing. Eligible businesses can now secure cash advances through the GoCardless platform without personal guarantees or credit checks, with funds available in as little as one to two business days.

This initiative is particularly beneficial for micro-businesses and ethnic minority-owned businesses, which often face challenges in accessing traditional financing due to limited business history or credit scores.

The partnership follows a successful pilot program that advanced £13.3 million to 844 GoCardless merchants over nine months.

Jolawn Victor, Chief Growth Officer at GoCardless, stated, “Late payments impact over half of UK small businesses, affecting cash flow. With Pipe’s financing, we’re taking our support a step further, offering fast, accessible capital directly within our platform.”