Full-Time

Senior Software Engineer

Infrastructure

Posted on 1/13/2025

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

Compensation Overview

$200k - $240kAnnually

Senior

San Francisco, CA, USA

Category
Backend Engineering
FinTech Engineering
Software Engineering
Required Skills
Datadog
Python
Airflow
Java
Postgres
AWS
Go
Terraform
Requirements
  • 4+ years of experience in software engineering, with a focus on infrastructure and distributed systems
  • Strong proficiency in languages such as Go, Python, or Java
  • Deep understanding of cloud platforms (preferably AWS) and their services
  • Experience with technologies and concepts like Airflow, Datadog, Buildkite, Postgres, and Auth.
  • Familiarity with infrastructure-as-code practices and tools such as Terraform
  • Knowledge of relational database systems
  • Strong problem-solving skills and ability to debug complex systems
  • Excellent communication skills and ability to work effectively in a collaborative environment
Responsibilities
  • Design and implement robust, scalable infrastructure platforms to support our growing user base and expanding product offerings
  • Collaborate with cross-functional teams to support new classes of applications and use cases
  • Develop and maintain software spanning cloud infrastructure, developer experience, data infrastructure, and security
  • Work to better availability guarantees, system performance, and observability
  • Build easy-to-use abstractions with Terraform to empower engineers and increase development velocity
  • Mentor junior engineers and contribute to the technical growth of the team
Desired Qualifications
  • Experience with financial systems or working in the fintech industry
  • Contributions to open-source projects or internal tools
  • Knowledge of infrastructure best practices and experience building easy-to-use abstractions

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, MindBody, 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 Size

51-200

Company Stage

Late Stage VC

Total Funding

$184.8M

Headquarters

San Francisco, California

Founded

2020

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

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

4%
Intelligence360
Jan 9th, 2025
Parafin Raises $100M to Boost SMBs

Parafin has raised $100 million in a Series C round at a $750 million valuation, led by Notable Capital with participation from Redpoint Ventures and existing investors. The company focuses on embedded financial services for small businesses on digital platforms like Amazon and DoorDash. Since its Series B in September 2022, Parafin has grown volumes by 400% and aims for profitability in six months. The funding will help scale products, expand geographies, and deepen partnerships.

PYMNTS
Dec 19th, 2024
This Week In B2B: New Year, New Back-Office Innovations

The B2B payments landscape is at a pivotal juncture as 2025 approaches.On one hand, the imperative to digitize and integrate payment processes has never been more pressing. On the other, legacy systems and entrenched processes pose significant obstacles, creating a delicate balancing act for businesses striving to modernize.Understanding these dueling imperatives is key to navigating the future of B2B payments, as organizations grapple with how to innovate without compromising existing workflows.Success may depend on embracing a strategic approach that balances the need for innovation with the realities of legacy infrastructure. By tackling modernization incrementally, leveraging partnerships and fostering a culture that champions change, businesses can work to chart a path forward that helps ensure both operational excellence and future readiness.After all, it wouldn’t be a B2B new year without something old and something new.The Digitization and Integration of B2B Payment ProcessesThe digital transformation of payment processes offers unparalleled opportunities for efficiency. Manual processes, still prevalent in many B2B transactions, are fraught with delays and errors. Digitized systems, by contrast, enable real-time payments, automated reconciliation, and streamlined approvals, reducing operational friction and enhancing cash flow visibility.There are two sides to any commercial transaction. Within B2B, buyers and suppliers find one another and agree on terms, funds flow, and accounts payable and receivable departments interact

Marca Money
Dec 18th, 2024
Parafin raised $100 million in Series C funding round led by Notable Capital at $750 million valuation

Parafin raised $100 million in Series C funding round led by Notable Capital at $750 million valuation.

Bloomberg
Dec 17th, 2024
Parafin Raises $100 Million, Bumps Valuation to $750 Million

Parafin, a financial-technology startup run by former Robinhood Markets Inc. employees, raised $100 million in a late-stage round that may signal renewed investment in a category that has struggled to navigate a dry-up in venture capital funding.

Monitor Daily
Aug 29th, 2024
Trinity Capital and Jefferies Provide $93MM Debt Facility to Parafin

Parafin, an innovator in embedded finance, closed a $93 million debt facility with Jefferies and Trinity Capital.

INACTIVE