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Full-Time

Head of Revenue

Posted on 3/1/2024

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

Fintech
Financial Services

Compensation Overview

$250k - $350kAnnually

+ Equity grant + Unlimited PTO + Work from home flexibility + Commuter benefits + Free lunches + Paid parental leave + Employee assistance program

Senior

San Francisco, CA, USA

Category
Field Sales
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Communications
Marketing
Responsibilities
  • Serve as a strong business leader and customer partner
  • Be directly responsible for and have full agency in account acquisition and expansion
  • Manage and lead the sales, Platform Growth/Success, and Marketing teams
  • Identify market opportunities for Parafin’s suite of products
  • Inspire, motivate, and drive organizational planning
  • Ensure detailed and accurate revenue forecasting
  • Lead the overall sales and success process
  • Report to Executive Leadership and Board on key metrics
  • Plan and manage at both strategic and operational levels

Parafin provides a financing solution designed for online platforms and their merchant partners. The service allows these platforms to offer financing under their own brand, which helps them generate revenue and build loyalty among merchants. Parafin's offerings include underwriting, funding, go-to-market strategies, servicing, compliance, and customer support. The financing is based on the sales history of the merchants, with no interest, late fees, or credit checks involved. Payments are automated and adjust according to sales, with funds available in as little as one business day. Parafin has partnered with major platforms like Amazon and DoorDash to facilitate quick and flexible financing for various business needs, such as opening new locations or upgrading equipment. The goal of Parafin is to support the growth of businesses by providing accessible financing options that also contribute to the revenue growth of the platforms they partner with.

Company Stage

Series B

Total Funding

$369M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

11%

1 year growth

20%

2 year growth

96%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing a $125M warehouse facility from Silicon Valley Bank and Trinity Capital indicates strong financial backing and growth potential.
  • Partnerships with industry leaders like Amazon and Buildertrend highlight Parafin's ability to integrate seamlessly with major platforms, enhancing its market presence.
  • The quick and flexible financing options can significantly aid business growth, making Parafin an attractive choice for merchants seeking rapid capital access.

What critics are saying

  • The competitive landscape in fintech is intense, with numerous players offering similar embedded financing solutions, which could impact Parafin's market share.
  • Reliance on partnerships with major platforms means that any changes in these relationships could adversely affect Parafin's business model.

What makes Parafin unique

  • Parafin's embedded financing model allows platforms to offer branded financial services, fostering merchant loyalty and creating new revenue streams, unlike traditional lenders.
  • The company's partnerships with major platforms like Amazon and DoorDash provide a significant competitive edge in terms of market reach and credibility.
  • Parafin's financing solution is based on sales history with no interest, late fees, or credit checks, making it more accessible and flexible for merchants compared to conventional loans.

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Benefits

Competitive salary & equity

Health, dental, & vision

401k plan

Parental leave

Unlimited PTO

Commuter benefits

Daily lunches

INACTIVE