Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions

Quick Summary:

With this acquisition, Pipe will be able to offer the spend management tools that small businesses do not have access to today.Glean.ai’s spend management solution is an ideal complement to Pipe’s existing embedded capital and business charge card solution, which are delivered through Pipe’s payments and vertical software partners.

Founder Howard Katzenberg, former CFO of OnDeck, wanted to solve the challenge he’d experienced firsthand: not having the right visibility into how company finances were being spent.The result is Glean.ai, the AI-powered spend management solution that provides one-click access to spending trends, billing errors, and savings opportunities, as well as delivering real-time, cross-functional budgeting and bill pay tools.Glean.ai utilizes AI to examine patterns over time and help business owners make timely, data-driven decisions.According to the U.S.

With this acquisition, Pipe becomes the first embedded finance company to bring together embedded capital and spend management for small businesses via its partners.Glean.ai was built to address the lack of transparency surrounding a company’s expenses.

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Article Details

Author / Journalist: Pipe

Category: Technology

Markets: ChinaMali

Topics: Business Management Businesses Company Spend Small Pipe Solution Glean Embedded Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 12:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

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