Full-Time

Data Scientist

Product

Posted on 8/14/2024

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

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. 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 also contribute to the revenue growth of the platforms they partner with.

Company Stage

Late Stage VC

Total Funding

$184.8M

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

  • Parafin raised $100 million in Series C funding, boosting its valuation to $750 million.
  • The trend of embedded finance is growing, benefiting Parafin's business model.
  • Partnerships with traditional banks enhance Parafin's financial product offerings.

What critics are saying

  • Increased competition from fintech startups like Finley could impact Parafin's market share.
  • Over-reliance on major platforms like Amazon poses a risk if partnerships change.
  • The $93MM debt facility could increase financial leverage and risk if mismanaged.

What makes Parafin unique

  • Parafin offers a full-stack embedded financial infrastructure for platforms and merchants.
  • 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

INACTIVE