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 Chinese firm CreditEase and consortium invested $250 million in US firm Pipe

pipeThe Chinese fintech conglomerate CreditEase FinTech Investment Fund (CEFIF) and a consortium has acquired stake in Pipe, a US-based trading platform for recurring revenue streams, for $250 million.

Pipe is founded in 2019 and has signed on over 4,000 companies to its platform with a tradable annual recurring revenue in excess of $1 billion. (CEFIF is a venture fund investing in Fintech companies globally which is founded in 2016 and has made more than 72 investments fo far).

CreditEase FinTech Investment Fund (CEFIF) is listed in the Chinese Investors Directory with the code JN16

More from CEFIF ...

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