Full-Time

Data Scientist

Underwriting

Posted on 8/9/2024

Parafin

Parafin

51-200 employees

Provides embedded financing solutions for businesses

Fintech
Financial Services

Compensation Overview

$200k - $260kAnnually

+ Equity Grant

Junior, Mid

San Francisco, CA, USA

Category
Data Science
Data & Analytics
Required Skills
Python
Data Science
SQL
Requirements
  • You have deeper experience in at least one area of data science.
  • You communicate very well with both technical and nontechnical partners.
  • You have a strong grasp of statistics and the fundamentals of machine learning.
  • You care deeply about the quality and correctness of your work.
  • You take initiative and can own and drive large projects independently.
  • You are comfortable managing competing and shifting priorities.
  • You are excited about working on a small team and setting the foundations for data science at Parafin.
  • You are experienced with Python.
  • You have a graduate degree in statistics, engineering, math, computer science, or a related technical discipline.
  • Experience with credit risk modeling
  • Experience with time series
  • Experience with SQL and Python
  • Doctorate
Responsibilities
  • You will turn unstructured business opportunities into data science problems and define plans for analysis, metric development, and modeling.
  • You will develop roadmaps for areas of work, scope related projects, and drive execution primarily through individual contribution and also by drawing on other team members.
  • You will identify new, high impact opportunities for the data science team to drive the business forward with new data sets, models, processes, and team members.
  • You will use your judgment to apply tools appropriate to the stage and impact of the problem at hand, be they heuristic rules, inferential techniques, or machine learning.
  • You will help scale the Parafin team by hiring exceptional talent.

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