Software Engineer, Parafin
Lending Products
$165-180k
+ Equity
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
21-100 employees
Open for applications
$165-180k
+ Equity
21-100 employees
Company mission
To democratize access to growth capital.
Role
Who you are
- 2+ years of experience working in a backend engineering role, ideally in a product-focused environment
- You care deeply about building high-quality software and take pride in your work
- You are eager to contribute to the development of new products and features from the ground up
- You have a solid understanding of engineering fundamentals and a desire to continue learning
- You are excited about working on a small team and playing a key role in our company’s growth
What the job involves
- We are looking for a user-focused software engineer to join our Lending Products team in San Francisco to help build a scalable platform that will help power the suite of Parafin’s financial offerings
- The Lending Products team owns the user journey for all of Parafin’s financing products
- You will work with stakeholders across the company to launch several new products and regularly experiment with our existing products to improve the end-user experience
- You will own our core lending platform and also help identify, prioritize, and execute on infrastructure opportunities to accelerate product development and maintain high levels of reliability
- You will contribute to the development of our core lending platform and user flows across all Parafin lending products
- You will help identify, own, and implement improvements to our infrastructure to support product development and enhance system reliability
- You will collaborate with team members and stakeholders across the company to help design and build new products and experiments
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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