Parafin Raises $60M Led By Gic To Help Every Company Launch Embedded Financial Services For Small Businesses
Parafin Raises $60M Led By Gic To Help Every Company Launch Embedded Financial Services For Small Businesses
08/03/22, 9:07 AM
Location
san franciscoMoney raised
$60 million
Industry
fintech
financial services
software
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.
Company Info
Location
san francisco, california, united states
Additional Info
Parafin is full-stack embedded financial infrastructure that serves small businesses better, faster, and cheaper. Parafin works with the platforms that small businesses already use — such as marketplaces, payment processors, and software providers — to help small businesses bridge their cash flow needs, invest in their growth, and run their business. Parafin was founded in 2020 by Sahill Poddar, Ralph Furman, and Vineet Goel, three of the earliest employees at Robinhood. Together, they served as the head of machine learning, first data scientist, and head of risk and fraud, respectively.