Parafin

Overview
News
FinTech Infrastructure?
Product stageSegments
Growth
?
Lending-as-a-service (LaaS)
?

Parafin is a startup Backed by Plaid , offering a vertically integrated, full-stack platform that enables B2B companies that serve small businesses to launch financial services programs for their clients. The company offers application programming interfaces and software development kits that can be integrated with a user’s platform and dynamically adjusts approvals for sellers. Parafin also manages the product, underwriting, capital markets, compliance, and marketing for its partners.

Key customers and partnerships

As of August 2022, Parafin reportedly supported the embedded capital offerings of DoorDash Capital and Mindbody Capital. It claims that companies that use its services serve over 700,000 small and medium-sized businesses globally.

Funding and financials

In April 2024, Parafin secured USD 125 million through a warehouse facility from Silicon Valley Bank (a division of First Citizens Bank) and Trinity Capital Inc. The company planned to use the facility to provide capital financing to businesses such as DoorDash and Amazon. In August 2022, Parafin raised USD 50 million in Series B funding led by GIC Pte at a valuation of USD 520 million. Additionally, the company also secured a credit line of USD 150 million from Atalaya Capital Management and Jefferies Financial Group. The company earmarked the funds for the launch of new products targeting small businesses, such as business charge cards.

Parafin reported that its quarterly run-rate revenue and total financing volume grew by 87% and 77%, respectively, in Q2 2022.



HQ location:
611 Mission St Floor 7 San Francisco CA USA
Founded year:
2020
Employees:
51-100
IPO status:
Private
Total funding:
USD 462.0 mn
Last Funding:
USD 93.0 mn (Debt Financing; Aug 2024)
Last valuation:
USD 520.0 mn (Aug 2022)
Key competitors
Filter by the segments to which the disruptor belongs
All Segmentsexpand
 
Loading...
Loading...
Loading...
Loading...
Product Overview
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Product Metrics
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Company profile
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
-
Loading...
Loading...
Loading...
Loading...
Funding data are powered by Crunchbase
arrow
menuarrow
Click here to learn more
Get a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.