COMPANY PROFILE

Parafin

Explore full profile

Parafin provides an end-to-end solution to offer one-click financing to your sellers

San Francisco, United StatesFounded 2020Fintech

Valuation $500M–1B Last recorded · 2024

Revenue $50–100M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

Unlock exact values

About Parafin

Parafin is a financial technology startup that offers a comprehensive, easy-to-integrate financing solution for businesses. The company primarily serves online platforms and their merchant partners, operating in the financial services market. Parafin's business model is based on providing embedded financing infrastructure to these platforms, which they can offer to their merchants under their own brand. This not only generates revenue for the platform but also fosters loyalty and retention among the merchants.

Read full description

Parafin's service includes underwriting, funding capital, go-to-market strategy, servicing, compliance, and customer support. The platform takes a share of every dollar of capital extended to the merchants, creating a new revenue stream. This also helps the platform grow its top line by aiding the growth of its merchants.

The company has partnered with major platforms such as Amazon, MindBody, and DoorDash to offer quick and flexible financing to business owners. The financing is based on sales history, with no interest, late fees, or credit checks. Payments are automated and vary based on sales, and funds can be received in as little as one business day.

Parafin's financing can be used for a variety of business needs, from opening new storefronts and upgrading equipment to sponsoring community events and advertising. All loans are issued by Celtic Bank and are subject to credit approval.

Source: Dealroom company data