Parafin, a financial infrastructure company, has launched the Spend Card, a fully managed business credit card programme that platforms can deploy in weeks. 360 Payments is already live, with Nav launching soon. Unlike traditional business cards requiring personal credit checks, the Spend Card is a revolving line of credit with limits based on business performance, offering flexible repayment without personal guarantees. Parafin handles programme management, capital and operations, enabling platforms to launch without directly partnering with banks. The card runs on infrastructure from Column N.A. and Visa. Parafin has already extended over $25 billion in offers across platforms including Amazon, Walmart and DoorDash, serving hundreds of thousands of small businesses. The Spend Card joins Parafin's existing embedded financing products serving over 50,000 small businesses.

Parafin launches Spend business credit card. SAN FRANCISCO - Parafin, a financial infrastructure company that provides platforms with embedded financial products for their small businesses, has launched Spend Card, a fully managed business credit card program that small businesses want and platforms can offer without directly partnering with or becoming a bank. The launch expands Parafin's embedded financing product suite, which already powers financial products for over 50,000 small businesses across leading platforms. 360 Payments, an integrated payments provider, is already live, and Nav, one of the largest financial hubs for small businesses, is launching soon, with additional leaders in the small business ecosystem to be announced. Spend runs on infrastructure powered by Column N.A. and Visa. Column provides the underlying banking services, including card issuance, and Visa enables global card acceptance. Discover more Geographic Reference Technology News Dictionaries & Encyclopedias Small businesses depend on credit every day to manage cash flow. They often experience constraints due to buying inventory in advance, experiencing slow sales after the holidays, and many other factors. Yet traditional business credit cards rely on personal credit checks, rigid underwriting, and compounding interest, often forcing owners to rely on personal cards and take on personal financial risk just to run their business. The Spend Card changes that. Unlike charge cards that require the balance to be paid off in full each month, it's a true revolving line of credit, with credit limits tied to actual business performance, flexible ways to pay, and no personal credit checks or guarantees. With the Spend Card, platforms can attract and retain small businesses by offering revolving credit alongside their existing financial services, a more compelling proposition than debit alone, while deepening customer relationships and generating a new revenue stream. Parafin handles everything from program management and capital to credit operations and support. Platforms that want to offer better financial tools face a difficult choice: build the infrastructure themselves or go without. Parafin closes that gap, enabling platforms to launch in weeks without directly partnering with or becoming a bank. "Credit isn't optional for a small business," said Sahill Poddar, co-founder and CEO of Parafin. "It's the lifeline that enables daily operations. Owners make tradeoffs every day to keep their business afloat. Now platforms can offer their customers access to reliable, flexible credit that works with their business, not against it." "Small businesses need reliable access to credit, but traditional business cards make it too hard to qualify," said Anita Gibbs, Chief Operating Officer at 360 Payments. "Spend gives our customers a revolving credit card based on their business performance, not their personal credit score. Working with Parafin has been phenomenal. They did the heavy lifting and made it simple for our team."

Parafin lands a Goldman Sachs credit facility to embed lending inside Amazon, DoorDash, and Walmart. The Forbes Fintech 50 company has funded 50,000+ businesses through platforms they already use. Most borrowers come back for more. June 17, 2026 - 11:40 pm Tl;dr. Parafin secured a Goldman Sachs-led credit facility to scale embedded small business lending through Amazon, DoorDash, Walmart, and TikTok Shop. Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company's model is straightforward. Instead of applying to a bank, a small business selling on Amazon or delivering through DoorDash gets financing offers built into the platform it already uses. The capital helps with cash flow, growth investment, and day-to-day operations. Parafin handles the underwriting, servicing, compliance, and customer support behind the scenes. The numbers show the model works. Parafin has funded more than 50,000 businesses to date and extended over $35 billion in offers across the US and Canada. The majority of fundings go to repeat borrowers, a signal that the product solves a recurring need rather than a one-time problem. "Small businesses increasingly expect financial products to be built into the software and platforms they already use to run their businesses," said CEO Sahill Poddar. "Embedded lending is becoming a critical part of how businesses access capital." The Goldman Sachs facility builds on a recent warehouse credit expansion with Silicon Valley Bank, EverBank, and Trinity Capital. The additional capacity supports financing products that help businesses manage cash flow and invest in growth. Parafin was founded in 2020 by Poddar, Vineet Goel, and Ralph Furman, and is backed by Ribbit Capital, Thrive Capital, GIC, Notable Capital, and Redpoint Ventures. The deal reflects a broader shift in how small businesses access capital. Traditional bank lending requires separate applications, credit checks, and weeks of processing. Embedded lending companies like Capchase have shown that financing built into existing workflows converts better and retains borrowers longer. Parafin applies the same logic at the small business level, where the platform is not Salesforce but Amazon or DoorDash. The repeat borrower rate is the metric that matters most. It means the product is not just accessible but useful enough that businesses return. For Goldman Sachs, the credit facility is a way to deploy capital into a lending channel that traditional bank branches cannot reach. For the fintech infrastructure market, Parafin's growth confirms that the platforms where businesses already operate are becoming the default distribution channel for financial products.