Parafin, a leading embedded finance infrastructure company, has raised $100 million in its Series C funding round, achieving a valuation of $750 million. The round was led by Notable Capital, with strong participation from Redpoint Ventures, Ribbit Capital, Thrive Capital, and GIC. This funding highlights strong confidence in Parafin’s innovative approach to embedded financial services, offering small businesses access to transformative capital and financial tools. Since its inception in 2020, Parafin has funded over $8 billion in offers, empowering tens of thousands of businesses across platforms like Amazon, Walmart, and DoorDash. The company has grown its transaction volumes by 400% since its Series B round in September 2022 and anticipates reaching profitability within six months.
CEO and Co-Founder Sahill Poddar highlighted Parafin’s mission to democratize access to financial services for small businesses, particularly women- and minority-owned enterprises traditionally underserved by banks. Leveraging machine learning-based risk models, the company delivers tailored financial solutions without relying on credit scores. The new funding will support scaling existing products, developing new offerings, and expanding geographically. Co-Founder Vineet Goel emphasized Parafin’s role in embedding financial services into digital platforms, enabling small businesses to access financing, save, and grow seamlessly.
