Parafin

Parafin is a financial infrastructure company founded in 2020 by Sahill Poddar, Vineet Goel, and Ralph Furman. The company specializes in providing platforms with embedded financial products tailored for small businesses. Parafin simplifies the complexities of capital markets, underwriting, servicing, compliance, and customer support, allowing marketplaces, vertical SaaS platforms, and payment processors to offer essential financial services. The company's mission is to empower small businesses by integrating financial services into the platforms they already use. Parafin offers a suite of financial products, including capital access and lending, spend management services, and comprehensive payment infrastructure. They facilitate quick and convenient financing options through partnerships, such as DoorDash Capital, and ensure secure payment processing using APIs like Modern Treasury’s Payments and Ledgers. Parafin has rapidly scaled, serving hundreds of thousands of businesses and extending over $8 billion in financial offers within a short period.