parafin.comFinTech / LendingFounded: 2020Funding to Date: $185.09MM
Parafin is a financial technology company which offers embedded financial services infrastructure to small businesses. Their platform aims to abstract the complexities of capital markets, underwriting, originations, servicing, compliance, and customer support, with the goal of allowing platforms to seamlessly integrate financial services. Parafin collaborates with companies across industries striving to support small businesses with accessible and scalable financing options. This company was founded by Sahill Poddar, Ralph Furman, and Vineet Goel in 2020 and is headquartered in San Francisco, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/31/2024 | Series C | $91.8MM | $xx.xx | $666.78MM | Gic, Redpoint Ventures, Ribbit Capital, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,637,755
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gic, Redpoint Ventures, Ribbit Capital, Thrive Capital
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08/03/2022 | Series B | $59.14MM | $xx.xx | $510.76MM | Gic, Ribbit Capital, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,758,632
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gic, Ribbit Capital, Thrive Capital
|
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09/29/2021 | Series A | $30.15MM | $xx.xx | $179.88MM | Index Ventures, Ribbit Capital, Sv Angel, Thrive Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,839,855
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Index Ventures, Ribbit Capital, Sv Angel, Thrive Capital
|
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05/18/2020 | Series Seed | $4MM | $xx.xx | $13.33MM | Ribbit Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,090,215
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ribbit Capital
|