Full-Time

Engineering Manager

Lending Products

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

Compensation Overview

$235k - $300k/yr

+ Equity Grant

San Francisco, CA, USA

In Person

Category
Engineering Management (1)
Required Skills
Python
React.js
Data Science
Scala
Requirements
  • 2+ years of experience managing a team of at least 5+ engineers
  • Experience in hiring, team building, and establishing a team vision
  • Experience scaling full-stack product teams that own multiple product experiences
  • Strong technical background and a desire to leave things in a better state than you found them
  • Demonstrated ability to recruit, mentor, and retain talented engineers
  • Ability and willingness to thrive in a fast-paced environment with high levels of ambiguity, autonomy and ownership
Responsibilities
  • Manage and develop a high-performing full-stack product team with a broad impact
  • Own the technical vision for providing seamless experiences and making complex financial products understandable to small businesses
  • Own the technical roadmap for building new products and features. We build primarily in Python, React, and Scala
  • Collaborate effectively with platform engineering teams to accelerate product building
  • Work closely with stakeholders across the organization, like Product, Design, Customer Success, Data Science, Operations, and Legal

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, compliance, and customer support, making it easy for platforms to integrate financing into their services. The financing is based on the merchant's sales history, with no interest or credit checks, and payments are automated based on sales performance. Funds can be accessed quickly, often within one business day, and can be used for various business needs such as expanding storefronts or marketing. Parafin differentiates itself by partnering with major platforms like Amazon and DoorDash, providing a seamless financing experience that supports merchant growth.

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$465M

Headquarters

San Francisco, California

Founded

2020

Simplify Jobs

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

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
Parafin
Mar 25th, 2025
How embedded financing elevated CAKE's merchant experience

To address this gap, CAKE partnered with Parafin to launch CAKE Capital, an embedded financing program.

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.