Product Manager, Parafin
$230-290k
+ Equity grant
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
101-200 employees
Open for applications
$230-290k
+ Equity grant
101-200 employees
Company mission
To democratise access to growth capital.
Role
Who you are
- 5+ years of product management experience
- Strong written and verbal communication skills. Ability to communicate vision and streamline execution across different internal and external teams
- Strong product and business sense
- Ability to drive strategic decisions
- Data-driven thinking with experience in data analytics tools
- Experience taking a product from 0 to 1
Desirable
- Experience working on financial products
- Software engineering or technical experience
- Experience working with enterprise customers
What the job involves
- You will be responsible for building and own our product roadmap as we build out a suite of financial products to help small businesses thrive.
- You will be directly reporting to our Head of Product, Aarati Soman, and be instrumental in laying down the strategy for Parafin
- Help prioritize across the different things Parafin could be working on and set an ambitious product roadmap
- Work with cross-functional teams, such as engineering, design, marketing, account management, sales, etc. to execute on the roadmap
- Work with our customers (platforms and small businesses) to ensure a delightful experience at every step of their user journey
- Work with the founders to lay out the long term strategy for the business
- Role involves building and launching new products from scratch (0 to 1), with high ownership and cross-functional collaboration
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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