Data Scientist, Parafin
Product
$150-175k
+ Equity
Embedded financial services for SMBs
Job no longer available
Embedded financial services for SMBs
21-100 employees
Job no longer available
$150-175k
+ Equity
21-100 employees
Company mission
To democratize access to growth capital.
Role
Who you are
- You are an effective generalist who partners well with engineering, product, and business functions
- You communicate very well with both technical and non-technical partners
- You care deeply about the quality and correctness of your work
- You are comfortable managing competing and shifting priorities
- You are excited about working on a small team
- You have at least 3+ years of work experience as a data scientist in an analytics role
- You are experienced with SQL and Python
- You have a bachelor's degree in statistics, engineering, math, computer science, or a related technical discipline
Desirable
- Experience measuring and optimizing human-in-the-loop processes
- Experience partnering with operations teams
- Experience with financial products and credit risk
- Graduate degree
What the job involves
- We are looking for a Product Data Scientist to drive understanding of how our business and its products are scaling and performing
- You will be responsible for analyzing data and building models to uncover trends and develop insights
- You will partner with stakeholders to guide their decision-making and improve our operational efficiency
- You will solve business problems through analysis, metric development, and modeling
- You will make efficient, timely use of data to guide product and business decisions
- You will define and conduct experiments impacting core business processes
- You will build data sets, models, and visualizations that enable the entire company to prioritize and operate
- You will use your data and context to identify new avenues of changes and improvements we should be making
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
77% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Dec 2024
$100m
LATE VC
Aug 2022
$60m
SERIES B
Total funding: $190m
Company benefits
- Health, dental, & vision
- 401k plan
- Parental leave
- Unlimited PTO
- Commuter benefits
- Free in-office lunches
- Mental health & well-being
- Special recognition
Company HQ
SoMa, San Francisco, CA
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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