Subheading
Parafin’s $100 million Series C round, led by Notable Capital, aims to enhance embedded finance infrastructure and support small businesses globally.
Highlights
- Significant Funding: Parafin secures $100 million in Series C funding, led by Notable Capital with participation from Redpoint Ventures and existing investors.
- Growth and Expansion: The funding will be used to scale existing products, launch new ones, and expand into new geographies.
- Empowering Small Businesses: Parafin’s mission is to provide financial services to small businesses, leveraging machine learning-based risk models and enterprise-grade infrastructure.
Parafin, a leading embedded finance firm, has closed its $100 million Series C financing round at a $750 million valuation. The round was led by Notable Capital, with significant participation from Redpoint Ventures, Ribbit Capital, Thrive Capital, and GIC. This funding reflects growing confidence in Parafin’s approach to embedded financial services, which continues to transform how small businesses access capital and manage their operations. Parafin’s infrastructure powers financial services for marketplaces, vertical SaaS, and payment platforms, including global leaders like Amazon, Walmart, DoorDash, TikTok, and Worldpay.
With this new capital, Parafin plans to scale existing products, ship new ones, expand into new geographies, and deepen partnerships with platforms that support the global small business economy. CEO and co-founder Sahill Poddar emphasized that this funding is not just a milestone for Parafin but an investment in the future of small businesses, aiming to provide responsible and sustainable access to financial services through advanced machine learning-based risk models.
