Full-Time

Staff Software Engineer

Lending Products

Confirmed live in the last 24 hours

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

Fintech
Financial Services

Compensation Overview

$210k - $260kAnnually

+ Equity Grant

Senior, Expert

San Francisco, CA, USA

Category
Backend Engineering
Software Engineering
Requirements
  • 7+ years of experience working in a product-focused, backend engineering role in a tech lead capacity
  • You care deeply about building high quality software and take immense pride in your craft.
  • You are comfortable owning and driving the development of the product from 0 to 1.
  • You have a strong grasp of engineering fundamentals.
  • You are excited about working on a small team and helping us set the foundations for the company.
Responsibilities
  • You will own our core lending platform and user flows across all Parafin lending products
  • You will help identify, architect and lead infrastructure investments in our core lending platform to accelerate product development and fortify our systems
  • You will work with stakeholders across the company to prioritize and design new products and experiments

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 established partnerships with major platforms like Amazon, MindBody, and DoorDash, enabling 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 help platforms and their merchants thrive.

Company Stage

Debt Financing

Total Funding

$87.5M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

9%

1 year growth

16%

2 year growth

66%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for embedded finance solutions expands Parafin's partnership opportunities.
  • Interest in alternative financing aligns with Parafin's sales-based financing model.
  • AI integration in financial services enhances Parafin's underwriting and support capabilities.

What critics are saying

  • Amazon's new cash advance program could impact Parafin's market share.
  • Reliance on Celtic Bank for loans poses risks if regulatory challenges arise.
  • Increased financial leverage from debt facilities could be risky during market downturns.

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 flexible financing.
  • Parafin's financing is based on sales history, with no interest or credit checks.

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Benefits

Competitive salary & equity

Health, dental, & vision

401k plan

Parental leave

Unlimited PTO

Commuter benefits

Daily lunches