Full-Time

Data Scientist

Product

Confirmed live in the last 24 hours

Parafin

Parafin

51-200 employees

Embedded financing solutions for online platforms

Fintech
Financial Services

Compensation Overview

$150k - $175kAnnually

+ Equity Grant

Mid

San Francisco, CA, USA

Category
Data Science
Data & Analytics
Required Skills
Python
SQL
Data Analysis
Requirements
  • You have at least 3+ years of work experience as a data scientist in an analytics role.
  • You are experienced with SQL and Python.
  • You have a bachelor's degree in statistics, engineering, math, computer science, or a related technical discipline.
Responsibilities
  • You will solve business problems through analysis, metric development, and modeling.
  • You will make efficient, timely use of data to guide product and business decisions.
  • You will define and conduct experiments impacting core business processes.
  • You will build data sets, models, and visualizations that enable the entire company to prioritize and operate.
  • You will use your data and context to identify new avenues of changes and improvements we should be making.

Parafin provides a financing solution designed for online platforms and their merchant partners. Their service allows these platforms to offer embedded financing under their own brand, which helps generate revenue and build loyalty among merchants. Parafin handles various aspects of financing, including underwriting, funding, and customer support, while taking a share of the capital extended to merchants. This model supports the growth of both the platforms and their merchants. Parafin partners with major companies like Amazon and DoorDash to offer quick, flexible financing based on sales history, with no interest or credit checks involved. Payments are automated and vary with sales, allowing funds to be accessed rapidly, often within a day. The financing can be used for diverse business needs, such as expanding storefronts or marketing efforts.

Company Stage

N/A

Total Funding

$87.5M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

13%

1 year growth

21%

2 year growth

78%
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.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Competitive salary & equity

Health, dental, & vision

401k plan

Parental leave

Unlimited PTO

Commuter benefits

Daily lunches