Parafin

?? We’re thrilled to share amazing news! We have embarked on a joint venture to provide Walmart sellers with capital through Walmart Marketplace. This marks a significant milestone for us as we expand our reach and bring innovative solutions to even more small businesses. Our CEO, Sahill Poddar shared, “Walmart is a leader in the small-medium business economy and is driving life-changing growth for these businesses that ultimately deliver on Walmart’s mission of helping people save time and money. We are incredibly fortunate to begin working with Walmart to offer SMBs new resources to grow on Walmart Marketplace.” A huge thank you to our dedicated team and everyone who has supported us on this journey. Stay tuned for more updates as we begin this exciting new chapter! #Fintech #EmbeddedFinance #WalmartMarketplace #Parafin

We’re thrilled to announce that Parafin has secured a $93M debt facility from Jefferies and Trinity Capital, with the potential to expand to $187M! This investment underscores Jefferies and Trinity Capital’s confidence in Parafin's vision and our innovative approach to embedded finance. With this substantial funding, we’re poised to continue empowering small businesses through seamless capital access on the platforms they use daily, including Amazon, Walmart, DoorDash, and Worldpay. For more details, see our press release or contact us at?[email protected].

We’ve seen a recent increase in scammers impersonating Parafin. They reach out to unsuspecting job seekers, conduct interviews, and make job offers. These contacts do NOT originate from Parafin. Parafin will only contact you from an @parafin.com email address. If you’re unsure about a recent contact, please reach out directly to Parafin on LinkedIn for assistance. The following sites, email addresses, and aliases are NOT associated with Parafin: [email protected] [email protected] [email protected] [email protected] [email protected] Justina Rome Maya Ramos There may be more that we’re not aware of. We urge you not to open links, download materials, or provide any of your personal or banking information. Parafin does not conduct interviews via Microsoft Teams. We are actively investigating the matter and are pursuing all appropriate remedies to stop this impersonator. Lastly, if you are a job seeker, Parafin IS hiring! Please check out our careers page at parafin.com/careers to apply.

??Exciting news! ?? We’re thrilled to announce the launch of our brand new website! Visit parafin.com At Parafin, we're dedicated to growing small businesses by providing them access to financial services. Our product goes beyond infrastructure. We supply entire ready-to-launch programs that take away the complexity of capital markets, underwriting, and more. Our new website walks you through how we power each step of the financing experience. To learn more and schedule a demo, visit parafin.com. #fintech #embeddedfinance

Parafin's mission is to grow small businesses, which is why we’re thrilled to partner with Xplor Technologies on Xplor Capital. Parafin’s innovative capital products are a perfect addition to Xplor’s suite of business management tools. Historically, small businesses have had a harder time getting the cash they need. We’re fixing that by meeting merchants where they're at and giving them access to capital. We're excited to keep building up small businesses with Xplor Capital. Many thanks to the team at Xplor Technologies for all your hard work on this partnership. https://lnkd.in/gNtmteG8

We’re excited to announce our partnership with property-management software, Hostaway. Eligible US-based vacation rental property managers, who are often underserved by banks and other financing providers, will have the opportunity to access small business loans directly on the Hostaway platform. “The problem is that most of the short term rental property management companies, they can’t use their bookings to go get a loan from a traditional bank like Bank of America or Chase Bank,” said Josh Loe, Hostaway’s chief customer officer. “They would have to show three or four years worth of tax returns and such, but this actually will use the data from our system to underwrite those loans right away.” We extend our gratitude to the Hostaway team for making this partnership happen. https://lnkd.in/gtqvs8zD

?? We're thrilled to partner with Trinity Capital & SVB

Parafin unlocked an 18% increase in loan origination, helping them capture more revenue on their first Statsig experiment ?? “I like that when interfacing with Statsig support, you get to talk to someone who really knows the product—the Engineers who are building it—and not just a Support Rep.” - Data Science Lead, Brooks Taylor Read more: https://lnkd.in/gkWk4mFF #datascience #featureflags #abtesting #statsig #developercommunity