Parafin

Backed byNotable Capital
Total raised$378.0M
StageSeries C
Hiring pace9 roles / 90d
Founded2020
Team size51-200
HQSan Francisco, California

About Parafin

Parafin provides infrastructure for financial services, enabling marketplaces, vertical SaaS platforms, and payment platforms to offer financial products to their small business sellers. By serving as a backbone for financial service delivery, Parafin allows these platforms to expand their value proposition and support the financial needs of their merchant communities without building financial infrastructure from scratch.

Open positions · 9

Company at a glance

Location
San Francisco, United States
LinkedInLinkedIn

Founders & Leadership

JB

Jennifer Bennett

CRO & Start Up Advisor

LinkedIn
SR

Sukumar Ramanathan

Head of Revenue at Parafin

LinkedIn
GT

Grace Thomas

Executive at Parafin

LinkedIn
MR

Mahdi Raza

Co-Founder, Managing Partner

LinkedIn
SP

Sahill Poddar

Parafin.com

LinkedIn

Location

About the Team

Team Distribution

  • Software Engineering39%
  • Business Operations & Management25%
  • Sales & Business Development17%
  • Product6%
  • Specialized Services6%

Where the Team Studied

  1. 1.University of California, Berkeley
  2. 2.Stanford University
  3. 3.University of Illinois Urbana-Champaign
  4. 4.Carnegie Mellon University
  5. 5.University of Southern California

Team Worked At

  • Robinhood
  • Google
  • Stripe
  • Square
  • Plaid

Team Composition

118 people
  • Engineering1 senior31
  • Operations1 senior9
  • Human Resources1 senior6
  • Research6
  • Arts and Design2 senior5
  • Customer Success and Support5
  • Product Management1 senior5
  • Accounting1 senior4

Funding History

Cumulative Funding
Valuation

Life at Parafin

Frequently asked questions

Companies similar to Parafin

Duna

Duna is an AI-native business identity platform focused on KYB, KYC, AML, and lifecycle compliance, enabling enterprises to manage risk and regulatory adherence across the customer journey. By delivering automated identity verification, ongoing monitoring, and risk scoring, Duna helps organizations streamline compliance while reducing friction for legitimate customers. Global customers like Plaid, Moss, and Bol rely on Duna to maintain robust, scalable identity programs.

FinTech51-200
Aleph

Aleph is AI-native and designed to be the always-on decision layer for modern businesses, offering real-time data collaboration for finance teams and automating reporting, variance analysis, and forecasting. It operates as a global digital advertising powerhouse serving 150+ countries, connecting over 26,000 advertisers to a 3 billion consumer audience and partnering with major platforms such as TikTok, X, Microsoft, Amazon, Pinterest, Reddit, Spotify and Google. Its mission is to make the digital world accessible to all, while connecting global brands with local audiences in emerging markets and empowering businesses and individuals through its Digital Ad Expert education platform. The company also facilitates cross-border payments and credit underwriting through Local Payments by Aleph, supported by a team of over 1,500 digital experts in 75+ offices and backing from investors including CVC Partners, Mercado Libre, Sony, X (formerly Twitter), and Snap. Aleph serves a spectrum of clients from small startups to multinational corporations, boasting a trial-to-customer conversion rate exceeding 90%.

FinTech11-50
Augustus

Augustus is building the global dollar bank. Moving dollars across borders still runs on correspondent banking, a chain of intermediaries that is slow, opaque, and expensive. Augustus replaces it with programmable USD and EUR accounts, direct clearing and settlement, and an AI-native core banking platform built from scratch. The moat is the license. Augustus holds OCC conditional approval for a US national bank charter, which is rare and very hard to replicate, and euro clearing is live today for customers including Kraken. $180M Series B at a $1B valuation, led by Tiger Global with QED, plus operators from Nubank, Ramp, Circle, Revolut, and Coinbase. Fewer than 50 people, in NYC and Berlin.

FinTech11-50