Business Operations and Strategy Lead, Parafin
$180-230k
+ Equity grant
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
101-200 employees
Open for applications
$180-230k
+ Equity grant
101-200 employees
Company mission
To democratise access to growth capital.
Role
Who you are
- 5+ years of total work experience
- 3+ years in management consulting, operations, strategic finance, private equity, or a similar role at a technology company
- Strong fluency in (or desire to learn) data analysis skills and tools, such as SQL / Looker
- Experience building and rolling out new processes from scratch
- Superb communication skills (writing, data, oral)
- Natural problem solver, both with data and with people
- Proven ability to work and thrive in productively chaotic environments
- Ruthless prioritizer; a creative and analytical thinker
- T-shaped skills -- equally comfortable diving deep into financial minutiae and analyses, and zooming out to frame a high-level narrative
Desirable
- Experience working in fintech
- Prior startup experience
What the job involves
- We are looking for a Business Operations and Strategy Lead to help Parafin prioritize, evaluate, and execute strategic decisions that are rooted in data
- You will be responsible for identifying, defining, and executing high-impact operational and strategic initiatives across Parafin
- At Parafin, Business Operations is a dynamic team that works cross-functionally to accelerate Parafin's growth, design organizational processes that scale, and expand the company's opportunity space through new products and markets
- Identify, define, and execute high-impact operational and strategic initiatives across Parafin
- Apply business analytics, market research, and insights to support the decision-making processes for some of the most pivotal decisions facing the business
- Take new company functions from 0 - 1 as we build a next-generation fintech from scratch at Parafin
- Build and/or improve business processes and drive cross-functional alignment on priorities
- Perform ad hoc analyses related to impact sizing, partner acquisition, cohort patterns, unit economics, operations, new markets, and more
- Do what needs to get done to help Parafin create value for our small business and platform customers
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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