Full-Time
Parafin
51-200 employees
Provides embedded financing solutions for businesses
Compensation Overview
$205k - $250k/yr
Senior
San Francisco, CA, USA
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- 5+ years of software engineering experience, preferably in fintech or financial services.
- Strong proficiency in backend development, ideally with Python, Go, or similar languages.
- Experience with cloud infrastructure (AWS, GCP) and scalable system design.
- Deep understanding of distributed systems, databases, and API development.
- Bachelors Degree in Computer Science (or related field of study)
- Design, build, and maintain scalable and reliable backend systems.
- Own and drive technical projects from ideation to deployment.
- Collaborate with cross-functional teams, including Product, Data Science, and Operations.
- Improve system performance, security, and reliability through continuous optimization.
- Mentor and guide other engineers, fostering a culture of technical excellence.
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 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 vary 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 storefronts or upgrading equipment. The company aims to support the growth of its merchant partners while creating new revenue streams for the platforms.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$465M
Headquarters
San Francisco, California
Founded
2020
Simplify's Take
What believers are saying
- Parafin raised $100M in Series C funding, boosting its valuation to $750M.
- The company has grown volumes by 400% since its Series B in September 2022.
- Parafin's quick funding aligns with the growing demand for real-time payment solutions.
What critics are saying
- Increased competition from fintech companies like Stripe and Square.
- Potential regulatory scrutiny as embedded finance becomes more prevalent.
- Dependence on partnerships with major platforms like Amazon and DoorDash.
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 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
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%To address this gap, CAKE partnered with Parafin to launch CAKE Capital, an embedded financing program.
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.
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
Parafin raised $100 million in Series C funding round led by Notable Capital at $750 million valuation.
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.