Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 14 companies across 3 categories.
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Founded in 2020 by ex-Robinhood engineers, Parafin launched as a pure-play embedded capital provider—handling underwriting, compliance, capital markets, and servicing on behalf of platform partners (marketplaces, vertical SaaS, payment processors) so they could offer white-labeled SMB financing without building it themselves. After establishing Capital (working capital loans and revenue-based financing) as the flagship product, Parafin expanded into Spend (corporate cards with credit and rewards) and Pay Over Time (B2B BNPL at checkout and invoices) between 2024 and 2026, evolving from a single-product lending orchestrator into a multi-product embedded finance infrastructure provider. The $750M Series C valuation signals the market's recognition of Parafin as a platform-level fintech infrastructure company rather than a point lending solution.
Other Lending providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/parafin/install" width="1" height="1" alt="" style="display:none">14 companies are linked to Parafin in the Embedded Finance Index 2026, through their own public disclosures or Parafin's published customer list, including Payrix, Lightspeed, NMI, DoorDash, Payroll Bridge, Jobber, Lavu, TikTok Creator Card, 360 Payment Solutions, SpotOn and 2 others.
Parafin is an embedded-finance provider in Lending, Spend / AP and BaaS. It ranks #13 of 254 Lending providers by linked companies.
The most-named Lending alternatives to Parafin are Affirm (65 buyers), Klarna (55 buyers), YouLend (46 buyers), mambu (36 buyers), Stripe Capital (33 buyers) and Wisetack (27 buyers).
Parafin was founded by Sahill Poddar, Ralph Furman and Vineet Goel and is founded in 2020, headquartered in San Francisco, CA, USA.
Parafin has raised $194M+ equity + $125M warehouse facility in total.
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