‍Pipe integrates advanced compliance workflow into core business platform to accelerate growth and proactive risk management

‍

New York, June 9, 2024 — Themis, a leading compliance and risk management SaaS provider for financial institutions and fintechs, today announced that Pipe, the modern capital platform for fast, frictionless, dilution-free funding, has deployed the Themis platform to optimize its compliance operations. The decision to work with Themis highlights Pipe’s commitment to delivering the ideal platform for its partners to offer funding to small businesses across a wide range of verticals, stages, and sizes, many of which have historically lacked access to traditional capital.  

‍

In April, Pipe launched its new Capital-as-a-Service solution to empower payment processors and software providers to easily launch a capital product without the complexity, risk, and resources involved in building it in-house. Through Pipe’s infrastructure and APIs, partners can seamlessly embed Pipe’s proven capital platform into their own ecosystem, improving merchant experience and monetizing payments in a mutually beneficial way. End merchants can then access capital easily, based on their secure transaction data from the partner platform, bypassing many of the hurdles of traditional financing. As a company committed to operational compliance across its entire business,  Pipe has deployed Themis’ governance, risk, and compliance (GRC) solutions to effectively scale and grow compliance with the rest of the organization. 

‍

“The strategic decision to use Themis as our GRC underscores our dedication to an appropriate compliance management system to support our business objective to improve capital access for business owners, positioning us for sustained growth and success in the future,” said Margaret Tibbets, Chief Compliance Officer, Pipe. “In keeping with our value of fintech for good, we’re committed to building products that meet the highest standards of regulatory compliance so that we can provide business owners with secure and compliant access to capital and provide our partners with lasting solutions that meet their risk management and customer support objectives.”

‍

Themis’ centralized GRC system offers a full suite of purpose-built tools that seamlessly integrate compliance controls, marketing approvals, risk, communications, document management, and workflows.  The aim is to eliminate the challenges of managing partnerships by eliminating siloed communication, manual monitoring, and confusing processes that slow down growth. 

‍

“We are thrilled that Pipe has selected Themis to help manage their compliance efforts. This highlights their commitment to security and progressive approach to managing compliance. As a former compliance officer and regulator, the amount of diligence and time spent during the traditional onboarding created an awful experience for both parties,” said Neepa Patel, Founder and CEO, Themis. “We look forward to being a part of Pipe’s compliance journey to provide real-time updates and insights into regulatory changes, ensuring that it  is always aligned with the latest requirements.”

‍

Compared to the legacy manual process, Themis ensures diligent risk assessments and reviews for both new and existing partners, fostering collaboration and instilling confidence among teams and regulators. Ultimately, this enhanced transparency includes facilitating comments and follow-up questions that enable stronger and secure communication to ensure a thorough understanding of risk assessments.

About Themis

Themis is the industry’s first user-friendly, collaborative compliance and risk platform tailored for banks and fintechs. Recognized as one of Insider’s “54 Most Promising Fintechs to Watch '', US Fintech Awards 2023 Banking Tech of the year and named to Money 20/20’s 2023 start-up network, Themis is a driving force shaping the future of compliance. For more information, please visit www.themis.com or our LinkedIn. Have questions? Contact Us here

‍

About Pipe

Pipe is the modern capital platform built to connect entrepreneurs and business owners to fast, frictionless, dilution-free funding. Pipe turns all forms of revenue into up-front working capital to help companies improve cash flow, scale operations, and grow on their terms. To learn more, visit www.pipe.com or follow us on X or LinkedIn.