FinTech news in Luke Voiles category

Pipe, an alternative financing platform that was last privately valued by investors at $2 billion, has announced its new chief executive, an appointment that comes months after the company three co-founders stepped down from their posts in a stunning, unusual shake-up. After announcing the founding team would be leaving, allegations surfaced that Pipe made about $80 million in loans to a few crypto mining companies and that the loans were written off when one or more of these companies went out of business. He is also joining the board of directors, replacing Pipe former co-CEO Harry Hurst’s role as vice chairman. Josh Mangel, Pipe founder and co-CEO, temporarily assumed the role of chief executive back in November.