Software Engineer III Python
OpenX- Full Time
- Senior (5 to 8 years)
Parafin is a company dedicated to providing financial tools to small businesses through strategic partnerships with platforms such as DoorDash, Amazon, and Worldpay. The company focuses on building technology that simplifies access to financial tools and is supported by prominent venture capitalists. This role presents an opportunity to contribute to the development and scaling of Parafin's financial infrastructure, collaborating across multiple engineering teams.
While not explicitly stated, the following skills are implied:
Parafin's mission is to foster the growth of small businesses, recognizing them as the backbone of the economy. The company addresses the gap in traditional banking support by building technology that simplifies access to essential financial tools for small businesses via the platforms they already utilize. Parafin partners with companies like DoorDash, Amazon, Worldpay, and Mindbody to offer fast and flexible funding, spend management, and savings tools to their small business users through straightforward integrations. Parafin manages the complexities of capital markets, underwriting, servicing, compliance, and customer service for its partners. The team comprises innovators from diverse backgrounds, including Stripe, Square, Plaid, Coinbase, Robinhood, and CERN, all united by a commitment to building tools that empower small businesses. Parafin is backed by prominent venture capitalists such as GIC, Notable Capital, Redpoint Ventures, Ribbit Capital, and Thrive Capital. As a Series C company, Parafin has secured over $194 million in equity and $340 million in debt facilities. Join Parafin in shaping a future where every small business has access to the financial tools they need.
Provides embedded financing solutions for businesses
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.