Engineering Manager, Lending Products at Parafin

San Francisco, California, United States

Parafin Logo
$235,000 – $300,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, LendingIndustries

Requirements

  • 2+ years of experience managing a team of at least 5+ engineers
  • Strong technical background with experience in Python, React, and Scala
  • Experience in hiring, team building, and establishing a team vision
  • Ability to own the technical roadmap for building new products and features
  • Demonstrated ability to work closely with other engineering teams and cross-functional teams (Product, Design, Go To Market, Customer Success, Data Science, Operations, and Legal)
  • Strong communication and interpersonal skills
  • Ability to thrive in a fast-paced environment with high levels of ambiguity and autonomy

Responsibilities

  • Manage and develop a high-performing full-stack product team
  • Own the technical vision for providing seamless experiences and making complex financial products understandable to small businesses
  • Own the technical roadmap for building new products and features
  • Scale the backend platform and team to support new product launches and partnerships
  • Collaborate effectively with platform engineering teams to accelerate product building
  • Work closely with stakeholders across the organization
  • Care deeply about building high-quality software and ensuring it’s in a better state than found

Skills

Python
React
Scala
Team Management
Hiring
Technical Roadmap
Backend Scaling
Stakeholder Management

Parafin

Provides embedded financing solutions for businesses

About Parafin

Parafin provides a financing solution designed for online platforms and their merchant partners. The service allows these platforms to offer financing under their own brand, which helps them generate revenue and build loyalty with their merchants. Parafin's offerings include underwriting, funding, go-to-market strategies, servicing, compliance, and customer support. The financing is based on the sales history of the merchants, with no interest, late fees, or credit checks involved. Payments are automated and adjust according to sales, with funds available in as little as one business day. Parafin has partnered with major platforms like Amazon, MindBody, and DoorDash to facilitate quick and flexible financing for various business needs, such as opening new locations or upgrading equipment. The goal of Parafin is to support the growth of businesses by providing accessible financing options that also contribute to the revenue growth of the platforms they partner with.

San Francisco, CaliforniaHeadquarters
2020Year Founded
$184.8MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Competitive salary & equity
Health, dental, & vision
401k plan
Parental leave
Unlimited PTO
Commuter benefits
Daily lunches

Risks

Increased competition in embedded financial services could erode Parafin's market share.
Rapid technological changes may require continuous investment, straining Parafin's resources.
Economic downturns could impact demand for Parafin's services among small businesses.

Differentiation

Parafin offers a full-stack embedded financial infrastructure for small businesses.
The company partners with major platforms like Amazon and DoorDash for financing solutions.
Parafin's model includes underwriting, funding, and compliance, creating a seamless experience.

Upsides

Parafin raised $100M in Series C, boosting its valuation to $750M.
The company has grown volumes by 400% since its Series B in 2022.
Increased demand for embedded finance solutions enhances user engagement and retention.

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