Uber Technologies and Pipe Partner to Offer US Restaurants Access to Working Capital Through Uber Eats Manager
Reuters
Sep 10
Uber Technologies and Pipe Partner to Offer US Restaurants Access to Working Capital Through Uber Eats Manager
Uber Technologies Inc. has announced a strategic partnership with Pipe, a fintech company specializing in embedded capital products for small businesses. This collaboration aims to provide working capital to hundreds of thousands of restaurants in the United States through the Uber Eats Manager app. Eligible restaurant partners will have access to personalized, pre-approved capital offers from Pipe, based on their revenue, cash flow, and business performance. By leveraging its advanced underwriting engine, Pipe offers transparent and upfront pricing for these capital options. This initiative is set to empower restaurant partners by offering them the financial resources that traditional banks have often failed to provide, ultimately supporting their growth and operational needs.
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