Pipe, a California-based fintech company providing embedded capital products for small businesses, and Uber have announced a partnership that will give hundreds of thousands of restaurants across the US access to working capital.

Through this partnership, eligible restaurants will be able to access Pipe Capital via Uber Eats Manager, the platform merchants use to monitor and manage their businesses.

For qualifying merchants, Uber Eats will display capital offers from Pipe, tailored to each restaurant’s revenue, cash flow, and overall performance.

Using its underwriting system, Pipe can provide personalised, pre-approved capital offers with clear, upfront pricing.

“Uber Eats is an integral part of how its restaurant partners operate, making access to working capital a natural next step. Working with Uber, Pipe is able to move fast to understand the needs of these restaurants and deliver capital where traditional banks have failed,”

said Luke Voiles, CEO of Pipe.

“Together, we’re unlocking growth for restaurants by finally putting long-overdue capital within reach.”

Uber selected Pipe for its merchant-focused approach, which includes multi-draw advances, transparent terms, and flexible repayments that adjust according to business performance.

Pipe also provides a dedicated merchant support team to simplify the process.

For small businesses, access to capital has often been a challenge.

Pipe Capital offers options based on historical business performance and cash flow, avoiding the need for credit checks, personal guarantees, or extensive documentation.

“We are happy to team up with Pipe to bring working capital to Uber Eats merchants across the US,”

said Karl Hebert, Vice President of Global Commerce and Financial Services at Uber.

“Restaurants are our partners at Uber, and the backbone of our communities, yet many struggle with access to capital. By helping restaurants on the platform to access fast and flexible capital through Pipe, we’re empowering restaurant owners to grow their own way without the burdens of traditional financing. This collaboration is a step forward in our mission to support local businesses and help them succeed.”

Following initial pilot programmes, the initiative will be rolled out more widely to restaurants on the Uber Eats platform this week.

Featured image credit: Edited by Fintech News Middle East, based on image by westock via Freepik