Parafin, a San Francisco, CA-based embedded finance infrastructure company, raised $100M in Series C funding, at $750M valuation.
The round was led by Notable Capital, with participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2020 by Sahill Poddar, Vineet Goel, and Ralph Furman, 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, and customer support. By empowering the financial services of marketplaces and payment processors, small businesses can run and grow themselves despite uncertain economic conditions.
FinSMEs
17/12/2024