Parafin

Software Engineer

San Francisco, California, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Financial Services, SoftwareIndustries

Job Description

Position Overview

  • Location Type: Hybrid
  • Employment Type: FullTime
  • Salary: Not provided

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.

Teams Hiring

  • Lending Products: Responsible for the development and maintenance of the core lending platform and user flows.
  • Merchant Platform: Focuses on designing and building scalable systems for merchant-facing products.
  • Partner Platform: Involved in building APIs for the seamless integration of Parafin’s financial products into partner platforms.
  • Merchant Decisioning: Dedicated to the development and improvement of the Python-based underwriting and application decisioning product.

Requirements

While not explicitly stated, the following skills are implied:

  • Strong software engineering skills
  • Experience in building scalable systems
  • Ability to collaborate across multiple engineering teams
  • Proficiency in Python (particularly relevant for the Merchant Decisioning team)
  • Understanding of financial infrastructure

Responsibilities

  • Contribute to the development, scaling, and maintenance of Parafin’s financial infrastructure.
  • Design and develop robust, secure, and high-performing systems.
  • Address and resolve critical technical challenges.
  • Mentor fellow engineers.
  • Influence the strategic direction of the technology stack.
  • Collaborate effectively with team members and stakeholders.
  • Identify, own, and implement improvements to the existing infrastructure.
  • Develop new products and conduct experiments.
  • Enhance the merchant experience and drive engagement (Merchant Platform).
  • Develop internal tooling to improve operational efficiency (Partner Platform).

About Us

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.

Skills

Software Engineering
Scalable Systems
Python
Financial Infrastructure
API Development
Underwriting
Product Development
System Design
Mentoring

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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