Parafin closed a $93M debt facility led by Jefferies and Trinity Capital Inc. to enhance its capital offerings for small businesses.
Amount Raised
$93 Million
Round Type
Funding Round
San FranciscoFinancial ServicesSoftwareFintechInvestors
Description
Parafin has secured a $93M debt facility from Jefferies and Trinity Capital Inc., which could potentially increase to $187M. This funding will bolster Parafin's ability to provide capital to small businesses integrated with platforms like Amazon and DoorDash.
Quick answer
Parafin raised $93 Million in a Funding Round round, dated August 28, 2024. Investors: Trinity Capital Inc. and Jefferies. Parafin is based in San Francisco, California, United States.
- How much did Parafin raise?
- Parafin raised $93 Million in a Funding Round round on August 28, 2024.
- Who invested in Parafin?
- Trinity Capital Inc. and Jefferies 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.
- Asaas raised $148M (Series C) on October 8, 2024.
- Beeline Holdings raised $56M on October 7, 2024.
- Parabolic Technologies, Inc. raised $5M (Seed) on September 26, 2024.
- Desia raised $3.3M (Pre-Seed) on September 25, 2024.
- Brico raised $8M (Seed) on September 11, 2024.
- Cobre raised $35M (Series B) on September 5, 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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