Parafin

About

Parafin is a FinTech startup that helps small businesses fill their cash flow needs, invest in their growth, and run their business.

San Francisco,California,United States
51 - 100
https://www.parafin.com

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $60M
Industries: Financial Services,FinTech,Infrastructure,Small and Medium Businesses
Founded date: Jan 1, 2020
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: Parafin, Inc.

Parafin is a FinTech startup that provides a full-stack embedded financial infrastructure that works with platforms such as marketplaces, payment processors, and software providers to help small businesses fill their cash flow needs, invest in their growth, and run their business.

Parafin's mission is to democratize access to growth capital. Parafin aims to enable and empower small businesses to reach their greatest potential, and to create a world in which their ability to acquire funding isn’t limited to a credit check or an arbitrary set of rules - which historically has limited numerous people from chasing their dream.

Parafin was established in 2020 in San Francisco, California by Sahill Poddar.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$244M

Parafin has raised a total of $244M in funding over 2 rounds. Their latest funding was raised on Aug 2, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 2, 2022	Series B	$60M	3	GIC	—	Detail
Aug 2, 2022	Debt Financing	$150M	2	—	—	Detail
Sep 29, 2021	Series A	$30M	3	Thrive Capital	—	Detail
May 18, 2020	Seed	$4M	2	Ribbit Capital	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

6

Parafin is funded by 6 investors. GIC and Ribbit Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
GIC	Yes	Series B
Ribbit Capital	—	Series B
Thrive Capital	—	Series B
Atalaya Capital	—	Debt Financing
Jefferies Financial Group	—	Debt Financing
SVA	—	Series A