Full-Time

Product Operations Specialist

Funding

Confirmed live in the last 24 hours

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

Fintech
Financial Services

Compensation Overview

$85k - $100kAnnually

Mid, Senior

San Francisco, CA, USA

Category
Product Operations
Product
Required Skills
Data Science
Data Analysis

You match the following Parafin's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 3-5 years of work experience
  • Strong understanding of, or desire to learn about, a capital or lending product.
  • Strong understanding of payments
  • Excellent communication skills
  • Strong quantitative / detail-oriented background
  • Thrive in an entrepreneurial environment
Responsibilities
  • Assist in developing operational solutions to help evaluate complex business risk issues in a fast paced environment
  • Conduct reviews to assess risk factors for high priority merchants
  • Troubleshoot and resolve payment issues with our merchants, while providing high quality service via email and phone
  • Manage cross functional work streams with our customer support, data science, compliance and engineering teams to improve the merchant experience and grow originations
  • Review current processes and provide feedback on how to improve product operations and Parafin as a whole
  • Work closely with our partners to identify areas of risk and investigate fraudulent behavior
  • Use data-driven analysis to identify areas of optimization and growth
Desired Qualifications
  • 1-2 years of operational experience working in a fintech startup, bank or payments company
  • Experience with fraud / risk management
  • Fluency in (or desire to learn) data analysis skills and tools, such as SQL / R / Python

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 vary according to sales, with funds available in as little as one business day. Parafin has partnered with major platforms like Amazon, MindBody, and DoorDash to facilitate quick and flexible financing for business owners. The goal of Parafin is to support the growth of businesses by providing accessible financing options that can be used for various needs, such as expanding storefronts or investing in marketing.

Company Stage

Late Stage VC

Total Funding

$184.8M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

3%

1 year growth

1%

2 year growth

6%
Simplify Jobs

Simplify's Take

What believers are saying

  • Parafin raised $100M in Series C, boosting its valuation to $750M.
  • The company has grown volumes by 400% since its Series B in 2022.
  • Increased demand for embedded finance solutions enhances user engagement and retention.

What critics are saying

  • Increased competition in embedded financial services could erode Parafin's market share.
  • Rapid technological changes may require continuous investment, straining Parafin's resources.
  • Economic downturns could impact demand for Parafin's services among small businesses.

What makes Parafin unique

  • Parafin offers a full-stack embedded financial infrastructure for small businesses.
  • The company partners with major platforms like Amazon and DoorDash for financing solutions.
  • Parafin's model includes underwriting, funding, and compliance, creating a seamless experience.

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Benefits

Competitive salary & equity

Health, dental, & vision

401k plan

Parental leave

Unlimited PTO

Commuter benefits

Daily lunches