Product Designer, Parafin
$150-180k
Embedded financial services for SMBs
Job no longer available
Embedded financial services for SMBs
101-200 employees
Job no longer available
$150-180k
101-200 employees
Company mission
To democratise access to growth capital.
Role
Who you are
- Product design generalist
- Experience designing consumer facing products. Expert at either web, mobile, or graphics design but skilled in multiple disciplines across product design
- Technically skilled, analytical thinker, willing to work closely with engineering on product requirements
- Ability to reduce complex problems into simple elegant products
- Comfort with an iterative design process that includes accepting and acting on feedback
Desirable
- Experience with finance
- Data visualization skills
- Knowledge of front-end
What the job involves
- Designing interfaces to support new features of products. Iterate on, and constantly improve existing products
- Work with the rest of the design team to expand on the existing design system
- Pair closely with product managers to design future experiments
- Constantly increasing the quality bar for product design and implementation
- Manage end to end experiences. (e.g. a single project could include multiple interfaces for different products, supporting emails, website updates, exporting deliverables, giving feedback to engineering on the progress etc.)
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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