Pipe Technologies, a platform that allows firms to turn their recurring revenue into up-front capital, has appointed Luke Voiles as its new CEO. The appointment was announced to the public by the company.
Secondly, the firm, which was seeking a veteran CEO to take over at the firm amid a restructuring of its leadership team, has also announced the appointment of Zilch USA CEO Albert Periu to its board of directors.
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Prior to his new position and company, Voiles joins Pipe from Square, where he served as general manager of Square Banking, where he was responsible for scaling and managing Square Loans, instant transfer, Square Checking, and Square Savings globally.
Prior to Square, he held roles at Intuit, including CEO and president of QuickBooks Capital, building out the lending business and scaling it to $2 billion in loans originated.
Voiles will leverage his “in-depth experience” across fintech, financial services and capital markets to lead the company in its next phase of growth, Pipe says.
“We are in a transformative period in the evolution of fintech. Embedded financial services are disrupting the status quo and Pipe has the opportunity to demonstrate to the world what the future of capital access looks like,” Voiles says.
Pipe was acquired last year by Purely Capital, a media and entertainment financing company, which now serves to help producers, rights owners and distributors drive up-front revenue from their long-term licensing contracts. Pipe says this is now one of the fastest-growing verticals on the platform.
