Pipe Acquires Glean.ai to Enhance Small Business Finance Tools
Pipe has acquired Glean.ai to expand its embedded financial services for software platforms, announced in a press release. This strategic move allows Pipe to integrate capital access and spend management capabilities for small businesses through its distribution partners.
Glean.ai's platform, which remains available to existing and new users, provides analytics on corporate spending, billing discrepancies, and budget insights. It uses artificial intelligence to identify patterns and highlight opportunities for cost savings, while also offering tools for real-time budgeting and bill payments.
The acquisition aims to address the lack of dedicated financial infrastructure for small businesses, many of which rely on personal credit cards for managing company costs. By incorporating Glean.ai’s spend management system, Pipe intends to fill this gap and provide more comprehensive financial tools to small businesses through its partnerships with vertical software and payments platforms.
We hope you enjoyed this article.
Consider subscribing to one of several newsletters we publish like AI Funding Brief.
Also, consider following us on social media:
More from: Funding
More from: Finance
Alltius Launches Voice AI Agents for Financial Services
Niural Secures $31M to Enhance AI-Driven PEO Platform
Chantico and Copia Partner for Enhanced Portfolio Scenario Modeling
Blitzy and Galatea Associates Partner for AI-Driven Financial Services Modernization
Sapiens Enhances CoreSuite with AI for Life Insurance
Subscribe to AI Funding Brief
Market report
2025 Generative AI in Professional Services Report
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read more