Parafin is an embedded financial infrastructure startup that enables platforms like marketplaces, payment processors, and vertical SaaS companies to quickly launch and offer financial services to their small business customers. Parafin's full-stack solution handles product, underwriting, capital markets, compliance, and marketing, allowing partners to go live with white-labeled financial products in as little as a few days.
Founded in 2020 by former Robinhood executives Sahill Poddar, Ralph Furman, and Vineet Goel, who previously led machine learning, data science, and risk teams, Parafin has raised $94M in funding from top investors including GIC, Thrive Capital, and Ribbit Capital. The company powers embedded capital offerings for platforms with over $100B in payment volume and 700,000 small business customers. In Q2 2022, Parafin saw 87% growth in quarterly run-rate revenue.
Parafin aims to address the huge unmet capital needs of small businesses by making it simple for the platforms they already use to offer seamless financial products. With its new funding, the company plans to launch innovative offerings like business charge cards and cement its leadership in the embedded finance space. By joining Parafin's team of 50+ employees, you would have the opportunity to help build infrastructure that powers financial services for small businesses on a massive scale.
2020
Founded
50-100
Employees
Series B
Stage
$520M
Latest Valuation
$50-100M
Total Funding
Aug 01 2022
Last Fundraise
Why is the rating
Top Previous Employers
Meta
PwC
Robinhood
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Investors
Index Ventures
Notion, Roblox, Confluent