Parafin secured $125 million in a warehouse facility from Silicon Valley Bank and Trinity Capital Inc. to expand financial service offerings and capacity to supply sellers with fast and flexible financing.
Amount Raised
$125 Million
Round Type
Funding Round
San FranciscoFinancial ServicesSoftwareFintechInvestors
Description
Silicon Valley Bank (SVB), in partnership with Trinity Capital Inc., has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin, to support its expansion of financial service offerings and capacity to supply sellers with fast and flexible financing.
Quick answer
Parafin raised $125 Million in a Funding Round round, dated April 9, 2024. Investors: Silicon Valley Bank and Trinity Capital Inc. Parafin is based in San Francisco, California, United States.
- How much did Parafin raise?
- Parafin raised $125 Million in a Funding Round round on April 9, 2024.
- Who invested in Parafin?
- Silicon Valley Bank and Trinity Capital Inc. are named as investors in this round.
- What does Parafin do?
- Parafin is a financial infrastructure company that provides platforms with embedded financial products for their small businesses by abstracting the complexity of capital markets, underwriting, servicing, compliance,..
- Where is Parafin based and how big is it?
- Parafin is based in San Francisco, California, United States. Fundz records about 120 employees.
- Who are the decision-makers at Parafin?
- Fundz holds 2 contacts at Parafin, including the Platform Partnerships, Business Development. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Parafin that raised within 45 days of this round, from Fundz verified event records.
- Sezzle raised $150M (Funding Round) on May 17, 2024.
- Greenboard raised $4.5M (Seed) on May 8, 2024.
- Streamex Corp. raised $1.1M (Seed) on May 1, 2024.
- Blend Labs raised $150M (Series A) on April 29, 2024.
- QI Tech raised an undisclosed amount (Series B) on April 25, 2024.
- Twill Payments raised $2M (Pre-Seed) on April 24, 2024.
Who to call at Parafin, and when
A new round usually means Parafin is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Parafin raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Parafin, from your own LinkedIn network
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Related People
Parafin raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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