Software Engineer, Parafin
$190-225k
+ Equity grant
More information about location
3-5 days a week in office
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
101-200 employees
Open for applications
$190-225k
+ Equity grant
More information about location
3-5 days a week in office
101-200 employees
Company mission
To democratise access to growth capital.
Role
Who you are
- 2+ 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
- Bachelors Degree in Computer Science (or related field of study)
What the job involves
- As a 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
- We are hiring across multiple teams, and candidates will be considered for the team that best aligns with their experience and interests
- Teams Hiring:
- Lending Products: 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
- 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
- Merchant Decisioning: You will work with our Python-based underwriting and application decisioning product and drive its development
- You will closely define the architecture and underlying infrastructure all the way from the technologies we use to design principles that we apply
- You will work closely with our data scientists to build a platform that is reliable, scalable and easily iterable
- You will be integrating ML Infrastructure to the platform to make DS-driven decisioning more powerful and intelligent
- Banking: Build the modern banking experience for small and medium businesses from the ground up. These included products such as bank accounts, savings accounts, and credit cards, all wrapped into a smooth UI experience with real-time capabilities
- Work closely with external partners to enhance integration capabilities and improve adoption while customizing program experience through rewards and AI features
- Develop features end-to-end, internal tooling to improve operational efficiency and customer analytics that directly impact the bottom line
- What You’ll Do: 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
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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