Corporate Counsel, Parafin
$185-215k
+ Equity
Embedded financial services for SMBs
Job no longer available
Embedded financial services for SMBs
101-200 employees
Job no longer available
$185-215k
+ Equity
101-200 employees
Company mission
To democratise access to growth capital.
Role
Who you are
- 4+ years of experience in a startup, FinTech, financial services company, or law firm
- Experience drafting and negotiating contracts and MSAs
- Exposure and experience with SME lending and funding laws
- Ability and desire to develop, build, and implement legal controls
- Comfort working across various business units and levels
- Innovative problem solver
- Awesome communication skills
- J.D. from accredited law school
- Active membership in good standing in at least one state bar
Desirable
- Experience at an SME focused FinTech
- In-house experience
- In-depth knowledge of SME lending laws
- Experience working with and/or knowledge of financial services compliance
- Litigation familiarity
- Background working with multiple financial services products
What the job involves
- Draft, review, and negotiate a wide range of commercial contracts, including software licensing agreements, partnership agreements, and vendor contracts
- Be a part of the negotiating team for debt facilities and manage compliance with the legal terms post-deal closing
- Review privacy laws and assist in designing data privacy program in line with new and pending regulatory changes
- Function as the internal go-to for litigation and arbitration proceedings
- Review and monitor new legislative requirements that may strategically impact the company
- Collaborate with compliance to design company controls
- Provide counsel on lien laws and collection practices
- Be a strategic advisor to company, taking ownership of subject matter areas to drive projects to completion
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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