Parafin Raises $60M Led By Gic To Help Every Company Launch Embedded Financial Services For Small Businesses
Amount Raised
$60 Million
Round Type
Funding Round
San FranciscoFinancial ServicesSoftwareFintechDescription
Parafin, a fintech infrastructure startup that companies such as marketplaces, vertical SaaS, and payment processors rely on to launch and embed financial services for their sellers, announced that it has raised a $60 million Series B financing round led by GIC, bringing its total equity funding to $94 million. This round includes participation from new and existing investors, including Series A and Seed lead investors Thrive Capital and Ribbit Capital.
Quick answer
Parafin raised $60 Million in a Funding Round round, dated August 3, 2022. Parafin is based in San Francisco, California, United States.
- How much did Parafin raise?
- Parafin raised $60 Million in a Funding Round round on August 3, 2022.
- 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.
- Denim raised $126M on September 15, 2022.
- Ratio raised $411M (Funding Round) on September 15, 2022.
- Forward raised an undisclosed amount (Funding Round) on September 12, 2022.
- SteelEye raised $21M (Series B) on September 8, 2022.
- Finix raised $30M (Funding Round) on August 10, 2022.
- Geopagos raised $35M (Funding Round) on August 4, 2022.
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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