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Full-Time

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

$165k - $180kAnnually

+ Equity Grant

Junior, Mid

San Francisco, CA, USA

Category
Backend Engineering
FinTech Engineering
Software Engineering
Requirements
  • 2+ years of experience working in a backend engineering role, ideally in a product-focused environment.
  • You care deeply about building high-quality software and take pride in your work.
  • You are eager to contribute to the development of new products and features from the ground up.
  • You have a solid understanding of engineering fundamentals and a desire to continue learning.
  • You are excited about working on a small team and playing a key role in our company’s growth.
Responsibilities
  • You will contribute to the development of our core lending platform and user flows across all Parafin lending products.
  • You will help identify, own, and implement improvements to our infrastructure to support product development and enhance system reliability.
  • You will collaborate with team members and stakeholders across the company to help design and build 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 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

5%

1 year growth

12%

2 year growth

86%
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.

Benefits

Competitive salary & equity

Health, dental, & vision

401k plan

Parental leave

Unlimited PTO

Commuter benefits

Daily lunches