Senior Software Engineer, Parafin
$205-250k
+ Equity
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
101-200 employees
Open for applications
$205-250k
+ Equity
101-200 employees
Company mission
To democratise access to growth capital.
Role
Who you are
- 5+ years of software engineering experience, preferably in fintech or financial services
- Strong proficiency in backend development, ideally with Python, Go, or similar languages
- Experience with cloud infrastructure (AWS, GCP) and scalable system design
- Deep understanding of distributed systems, databases, and API development
- Passion for building impactful financial products that empower small businesses
What the job involves
- As a Senior Software Engineer at Parafin, you will play a pivotal role in building, scaling, and maintaining our financial infrastructure
- This position offers the opportunity to work across various engineering teams to design and develop robust, secure, and high-performing systems that power our embedded financial products
- You will tackle critical technical challenges, mentor fellow engineers, and influence the strategic direction of our technology stack
- Merchant Decisioning
- Develop and enhance our core underwriting models to assess risk and provide real-time financing decisions
- Integrate data from multiple sources to refine risk models and improve decision accuracy
- Optimize pricing and loan offer generation to balance risk and business growth
- Merchant Platform
- Design and build scalable systems that support our merchant-facing products and services
- Develop features that enhance the merchant experience and drive engagement
- Collaborate with cross-functional teams to deliver seamless product integrations
- Partner Platform
- Build and optimize APIs that enable seamless embedding of Parafin’s financial products into partner platforms
- Work closely with external partners to enhance integration capabilities and improve adoption
- Develop internal tooling to improve operational efficiency and customer experience
- Design, build, and maintain scalable and reliable backend systems
- Own and drive technical projects from ideation to deployment
- Collaborate with cross-functional teams, including Product, Data Science, and Operations
- Improve system performance, security, and reliability through continuous optimization
- Mentor and guide other engineers, fostering a culture of technical excellence
- We are hiring across multiple teams, and candidates will be considered for the team that best aligns with their experience and interests
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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