Parafin

SoftwareSeries CSan Francisco, USparafin.com

Latest round

Series C

Last raised

Dec 2024

Total raised

$186M

Investors

7

About Parafin

Based in San Francisco, US, Parafin, Inc.Parafin, Inc. was founded in 2020 in San Francisco, US, and operates as a financial technology company providing embedded finance services.00 mn from Cross River Bank. The firm has not undergone significant pivots in its business strategy since inception.Parafin specializes in providing embedded financial solutions designed to enhance the operational capabilities of platforms across various industries. Their primary offerings include fast and flexible working capital, spend management solutions, and installment payment options tailored for business customers.Parafin generates revenue through a structured transaction model that involves partnerships with various platforms, offering embedded financial products to their existing customer bases. Clients can access capital, spend management tools, and payment installment options, which are integrated into the platforms they use for their daily business operations. The firm facilitates revenue generation through transaction fees associated with loan disbursements and spend management services, as well as potential cashback incentives linked to card purchases.In September 2025, Parafin, Inc. Parafin aims to launch new products and expand its services into additional markets, focusing on enhancing its offerings to better serve its clients. Specific details regarding the new products or targeted geographic regions are yet to be disclosed.

Who invested in Parafin

7 investors across 5 rounds

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Funding rounds

  1. Series C

    Dec 17, 2024

    Amount

    $92M

    Investors

    Locked

  2. Series B

    Aug 2, 2022

    Amount

    $60M

    Investors

    Locked

  3. Series A

    Sep 29, 2021

    Amount

    $30M

    Investors

    Locked

  4. Seed

    Oct 1, 2020

    Amount

    $4M

    Investors

    Locked

  5. Seed

    May 18, 2020

    Amount

    Undisclosed

    Investors

    Locked

Questions about Parafin

Who invested in Parafin?

Parafin has 7 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Parafin raised?

Parafin has raised 5 venture rounds. Sign up free to see how much each round raised and the total.

When did Parafin last raise money?

Parafin's most recent round on record is a Series C, in Dec 2024.

What does Parafin do?

Based in San Francisco, US, Parafin, Inc.

Where is Parafin headquartered?

Parafin is headquartered in San Francisco, US.

Which VCs invest in companies like Parafin?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Parafin's stage. Their profiles are linked below.

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