General Counsel, Parafin
$275-350k
+Equity
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
21-100 employees
Open for applications
$275-350k
+Equity
21-100 employees
Company mission
To democratize access to growth capital.
Role
Who you are
- Juris Doctor (JD) degree from an accredited law school
- Member in good standing of a state bar
- 10+ years of experience, including prior experience as General Counsel or Deputy General Counsel at a fast-paced, high-growth company
- Strong background in fintech, financial services, regulatory compliance, and corporate governance
- Extensive experience managing legal teams across multiple geographies, ideally in a technology or financial services company
- Proven track record of managing complex regulatory environments and leading high-stakes negotiations
- Excellent judgment, communication, and leadership skills
What the job involves
- Parafin is seeking an experienced and dynamic General Counsel (GC) to lead and oversee all legal functions
- As General Counsel, you will play a key role in managing legal risk and navigating Parafin through a complex regulatory environment across multiple jurisdictions
- You will provide strategic legal advice to senior management, help build and scale the legal team, and work closely with internal stakeholders to guide business decisions with legal implications
- Lead Parafin’s legal team, ensuring legal risks are effectively managed across all business operations
- Collaborate with the executive leadership team to align legal strategy with business goals
- Serve as a trusted advisor to the founders, board of directors, and senior management on legal, regulatory, and governance issues
- Build and manage a high-performing, diverse legal team, ensuring the team can support Parafin’s rapid growth and scaling efforts
- Oversee regulatory compliance programs, ensuring adherence to financial services regulations across multiple jurisdictions (e.g., lending, banking, privacy, data security)
- Anticipate and address new regulations that could impact the business
- Lead legal negotiations for high-value contracts and partnerships
- Support Parafin’s business development and product teams in structuring, drafting, and negotiating key agreements
- Manage litigation, disputes, and investigations that may arise in the course of Parafin’s business activities
- Oversee the development of risk mitigation strategies and responses to regulatory inquiries and enforcement actions
- Ensure best practices in corporate governance for Parafin’s board of directors and shareholders
- Provide legal guidance on securities law and public company readiness, including preparations for potential IPO and related filings
- Oversee Parafin’s intellectual property portfolio, ensuring the protection of proprietary technology and trademarks globally
- Collaborate with product and engineering teams to develop IP strategy and manage patent filings
- Advise on employment law matters, internal policies, and employee-related legal issues
- Ensure the development and implementation of ethical practices and compliance policies throughout the organization
Our take
Parafin is a fintech platform helping SMBs access growth capital. It targets platforms where SMBs sell and transact and offers an embedded finance solution with which these platforms can offer loans ranging from $500 to $10M. Parafin provides the capital for these loans and assumes the risk, allowing platforms to offer competitively attractive incentives to help them draw in a larger proportion of the growing SMB market.
Parafin’s focus on SMB growth funding is canny. Most worldwide businesses fall into the SMB category, but funding access for these businesses shrunk dramatically post-pandemic when traditional banks became more conservative with their loan approvals. This exacerbates SMB cash-flow issues, which reportedly already account for more than four in five SMB failures.
This means Parafin is helping platforms fill a growing and crucial market niche. With leadership from former Robinhood employees, confident funding from major players including the founders of Robinhood, DoorDash, and Plaid, and partnerships with Amazon, Parafin looks poised to net a substantial and lucrative market.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Aug 2022
$60m
SERIES B
Sep 2021
$30m
SERIES A
Total funding: $90m
Company benefits
- Health, dental, & vision
- 401k plan
- Parental leave
- Unlimited PTO
- Commuter benefits
- Free in-office lunches
- Mental health & well-being
- Special recognition
Company values
- Empathy: Be kind and open minded
- Efficiency: be results-oriented
- Accountability: Show up and be responsible
- Intellectual Honesty: Seek truth and give feedback
Company HQ
SoMa, San Francisco, CA
Articles
Leadership
Sahill Poddar
(Co-Founder & CEO)Completed a PhD in Particle Physics at CERN, before working as a Data Scientist with LiquidM and Facebook, then finally heading up Machine Learning Engineering at Robinhood.
Ralph Furmaniak
(Co-Founder)Completed a PhD in Analytic Number Theory at Stanford, before working as a Robinhood Data Scientist, and then as Chief Scientist at Numerai.
Vineet Goel
(Co-Founder & CPO)Worked as a Carnegie Mellon Teaching Assistant, before moving into a Software Engineer role at Quantifind, and then heading up Risk and Fraud Engineering at Robinhood.
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