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
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
| 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
| 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 |
