Articles from Parafin

Parafin, a leading provider of embedded financing, today announced a strategic partnership with Gusto, a leading platform for small businesses to manage their payroll, HR and benefits, serving more than 400,000 businesses. Together, the companies launched Payroll Bridge, powered by Parafin, which offers a line of credit to cover payroll.

Parafin, which builds embedded finance infrastructure, has announced the close of its $100 million Series C financing at a $750 million valuation. The financing was led by Notable Capital, with significant participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated in the round.

Walmart Marketplace and Parafin announced a new initiative today to provide sellers with capital through the Walmart Marketplace Capital program. Eligible sellers can seamlessly access financing through Parafin, an approved Walmart Marketplace solution provider, to grow their businesses and prepare for the upcoming holiday retail season.

Parafin, a leading innovator in embedded finance, announced today that it closed a $93M debt facility with Jefferies and Trinity Capital Inc. Their investment has the potential to increase to $187M. The substantial funding from Jefferies and Trinity, both known for their strategic investments in pioneering technologies, will support Parafin’s ability to offer capital to small businesses. Earlier this year, Parafin secured $125 million from Silicon Valley Bank and Trinity Capital Inc.

Parafin, a fintech infrastructure startup that companies such as marketplaces, vertical SaaS, and payment processors rely on to launch and embed financial services for their sellers, announced that it has raised a $60 million Series B financing round led by GIC, bringing its total equity funding to $94 million. This round includes participation from new and existing investors, including Series A and Seed lead investors Thrive Capital and Ribbit Capital.