About Parafin
Parafin is a company based in San Francisco (United States) founded in 2020 by Sahill Poddar. It operates as a FinTech, and Revenue Share. Parafin has raised $190 million across 7 funding rounds from investors including SVB, Jefferies and Trinity Cap. The company has 74 employees as of December 31, 2023. Parafin offers products and services including Capital, Spend Card, and Pay Over Time. Parafin operates in a competitive market with competitors including Wayflyer, EvoFi and Fundingly, among others.
- Headquarter San Francisco, United States
- Employees 74 as on 31 Dec, 2023
- Founders Sahill Poddar
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Parafin
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$190 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
SVB
& 12 more
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Employee Count
74
as on Dec 31, 2023
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Products & Services of Parafin
Parafin offers a comprehensive portfolio of products and services, including Capital, Spend Card, and Pay Over Time. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fast and flexible working capital is provided to customers.
Customer spending is turned into revenue and loyalty.
Payment method is added to grow bottom line.
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Funding Insights of Parafin
Parafin has successfully raised a total of $190M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(01 Sep 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2026 | Amount | Debt – Conventional - Parafin | Valuation |
investors |
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| Dec, 2024 | Amount | Series C - Parafin | Valuation | Notable Capital | |
| Aug, 2024 | Amount | Debt – Conventional - Parafin | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parafin
Parafin has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Jefferies and Trinity Cap. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-to-growth-stage companies are funded by the venture capital firm.
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parafin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parafin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parafin Comparisons
Competitors of Parafin
Parafin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wayflyer, EvoFi and Fundingly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Revenue-based financing platform for e-commerce brands
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| domain | founded_year | HQ Location |
Financing solutions for Magento projects and e-commerce development.
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| domain | founded_year | HQ Location |
Provides quick funding for small businesses and eCommerce operations online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parafin
Frequently Asked Questions about Parafin
When was Parafin founded?
Parafin was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Parafin located?
Parafin is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Parafin?
Sahill Poddar is the current CEO of Parafin. They have also founded this company.
Is Parafin a funded company?
Parafin is a funded company, having raised a total of $190M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $93M, raised on Sep 01, 2021.
How many employees does Parafin have?
As of Dec 31, 2023, the latest employee count at Parafin is 74.
What does Parafin do?
Embedded financial solutions are offered by Parafin to various platforms, including marketplaces and vertical SaaS providers. Financing products such as Capital, Spend Card, and Pay Over Time are designed to support business customers at every stage. White-labeled, AI-powered underwriting is utilized to ensure high approval rates and seamless integration. Sectors served include emerging and established industries, with a focus on driving revenue and customer growth through tailored lending suites.
Who are the top competitors of Parafin?
What products or services does Parafin offer?
Parafin offers Capital, Spend Card, and Pay Over Time.
Who are Parafin's investors?
Parafin has 13 investors. Key investors include SVB, Jefferies, Trinity Cap, Ribbit Capital, and Notable Capital.