No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 1, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Uber Eats partners with Pipe to offer capital to restaurants

by TheAdviserMagazine
3 weeks ago
in Markets
Reading Time: 2 mins read
A A
Uber Eats partners with Pipe to offer capital to restaurants
Share on FacebookShare on TwitterShare on LInkedIn


Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire capital with fewer barriers to access, CNBC has learned.

Pipe is teaming up with Uber Eats to add its embedded technology to the company’s restaurant manager app. Eligible restaurants will see pre-approved capital offers from Pipe that are customized based on the businesses’ revenue and cash flow.

The new partnership will start rolling out widely this week on Uber Eats, according to Pipe.

The Uber Eats Manager app for restaurants, which houses thousands of restaurants in the U.S., functions as a one-stop shop for restaurants to monitor and manage their businesses. With the Pipe partnership, restaurants can work with the fintech company on accessing money directly in the app.

“I think it’s an alignment of wanting to help these small businesses succeed, building the thing that just works to do that and making it so seamless and embedded that the customers don’t even realize somebody else is involved,” Pipe CEO Luke Voiles told CNBC.

The capital process notably does not involve credit checks, FICO scores, personal guarantees or any of the standard procedures used by big banks, according to the fintech firm.

“The No. 1 pain point for small business is access to capital, and in the restaurant space, it’s even more acute,” Voiles said.

Pipe, which has a $2 billion valuation, uses artificial intelligence to determine capital amounts based on six months of anonymous credit card transaction history shared by Uber. Then, within the Uber Eats Manager app, restaurants can choose to share their data with Pipe, submit their application and move forward with the capital.

Pipe has access only to anonymous historical performance data from restaurants on Uber Eats, so offers are based only on those performance metrics, Karl Hebert, Uber’s vice president of global commerce and financial services, told CNBC.

Hebert said the company chose Pipe specifically for its process that is designed for small businesses.

“Uber is focused on helping restaurant partners be successful on Uber Eats,” he said. “This is an opportunity to meet restaurant partners where they are — particularly those who use the Uber Eats Manager dashboard — and we’re eager to see how it’s received.”

Voiles said 98% of the Pipe applications are approved, and the money usually hits accounts within 24 hours. With those that have fewer barriers to access, he added, the company has seen businesses growing 12% month over month.

“It’s just a way to actually help the restaurant owner that may be an immigrant with no FICO score get access to capital for the very first time, open a second location and double their business,” Voiles said.

Pipe is also setting itself apart from term loans that have fixed monthly payments. Instead, Pipe’s capital for small businesses are flexible with the business’ revenue flow, Voiles said, so even if a restaurant’s revenue decreases, restaurant owners can take their time to pay it back.

It’s not the first time Uber has worked toward providing capital to its restaurants. In 2022, the company partnered with Visa to provide $1 million in grants to small businesses on the Uber Eats platform that were affected by the Covid-19 pandemic, natural disasters and other unexpected events.



Source link

Tags: CapitaleatsofferpartnersPipeRestaurantsUber
ShareTweetShare
Previous Post

*HOT* Linens & Hutch Essential 6-Piece Sheet Sets as low as $27.72 shipped!

Next Post

Bavaria’s AMSilk raises €52M to scale production of silk-based biomaterials

Related Posts

edit post
9 Ways I Extend the Shelf Life of My Grocery Stockpile

9 Ways I Extend the Shelf Life of My Grocery Stockpile

by TheAdviserMagazine
October 1, 2025
0

Ladanifer / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission,...

edit post
Important takeaways from Nike’s (NKE) Q1 2026 earnings report

Important takeaways from Nike’s (NKE) Q1 2026 earnings report

by TheAdviserMagazine
October 1, 2025
0

Nike, Inc. (NYSE: NKE) has reported mixed first-quarter results, with earnings down year-over-year but ahead of estimates, and revenue rising...

edit post
Dollar claws back losses from U.S. government shutdown, turns higher

Dollar claws back losses from U.S. government shutdown, turns higher

by TheAdviserMagazine
October 1, 2025
0

Jackal Pan | Moment | Getty ImagesThe dollar was little changed Wednesday, recovering from earlier declines, as traders weighed the...

edit post
Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about

Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about

by TheAdviserMagazine
October 1, 2025
0

Longtime investor Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and...

edit post
AI Agents Have Entered the Real World

AI Agents Have Entered the Real World

by TheAdviserMagazine
October 1, 2025
0

Last week, we talked about how agentic AI is finally getting to work. AI agents are now starting to plan, reason...

edit post
From /Hour to M+ in Real Estate by Doing This

From $10/Hour to $1M+ in Real Estate by Doing This

by TheAdviserMagazine
October 1, 2025
0

Brittany Arnason bought her first rental property in a small town while making $10/hour as a waitress. She was doing...

Next Post
edit post
Bavaria’s AMSilk raises €52M to scale production of silk-based biomaterials

Bavaria’s AMSilk raises €52M to scale production of silk-based biomaterials

edit post
GME Earnings: GameStop’s Q2 2025 adjusted profit rises on higher sales

GME Earnings: GameStop’s Q2 2025 adjusted profit rises on higher sales

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
The rise of the bro co-CEO

The rise of the bro co-CEO

0
edit post
Important takeaways from Nike’s (NKE) Q1 2026 earnings report

Important takeaways from Nike’s (NKE) Q1 2026 earnings report

0
edit post
Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money

Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money

0
edit post
The Struggle To Afford Insurance in 2026 Hits Home

The Struggle To Afford Insurance in 2026 Hits Home

0
edit post
Netanyahu meets US tech execs on AI

Netanyahu meets US tech execs on AI

0
edit post
Good News on Income – Econlib

Good News on Income – Econlib

0
edit post
Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money

Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money

October 1, 2025
edit post
Pi Network arms its testnet with a DEX and AMM for DeFi innovation

Pi Network arms its testnet with a DEX and AMM for DeFi innovation

October 1, 2025
edit post
Judge nixes ex-Well Fargo broker’s tax write-off claim

Judge nixes ex-Well Fargo broker’s tax write-off claim

October 1, 2025
edit post
Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

October 1, 2025
edit post
The rise of the bro co-CEO

The rise of the bro co-CEO

October 1, 2025
edit post
Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

October 1, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money
  • Pi Network arms its testnet with a DEX and AMM for DeFi innovation
  • Judge nixes ex-Well Fargo broker’s tax write-off claim
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.