🚀 A $100M Funding Boost
Parafin raised $100M in a Series C round led by Notable Capital. CEO Sahill Poddar announced plans to scale products, launch new offerings, and expand globally. The funding supports their mission to enhance embedded finance for marketplaces and platforms. This comes after $60M raised in 2022.
📊 Empowering Small Businesses
Parafin’s platform delivers tailored financial services for underserved small businesses. It leverages machine learning to assess real-time performance data, bypassing traditional credit scores. Key partnerships with DoorDash, Walmart, and Amazon allow seamless financing integration.
🌍 Expanding Geographies
The company has grown transaction volumes 4x since its Series B and funds nearly $1B annually across the U.S. and Canada. It recently launched Walmart Marketplace Capital, offering fixed-fee financing for sellers with repayment based on sales performance.
💡 A Path to Profitability
Parafin aims to achieve profitability in six months, thanks to strategic partnerships and scalable solutions. Hans Tung of Notable Capital praised Parafin's enterprise-grade infrastructure for supporting SMB merchants on global platforms, marking its impact in fintech innovation.
Can embedded finance reshape small business lending?
