Senior Software Engineer, Parafin
Merchant Decisioning
$190-220k
Embedded financial services for SMBs
Open for applications
Embedded financial services for SMBs
21-100 employees
Open for applications
$190-220k
21-100 employees
Company mission
To democratize access to growth capital.
Role
Who you are
- Are you an excellent software engineer with a drive to solve impactful and difficult problems and eager to build the merchant decisioning platform for an ambitious and growing startup? If so, come join us!
- 3+ years of experience working in an engineering role
- You care deeply about building high-quality infrastructure with relevant experience and take immense pride in your craft
- You are comfortable owning and driving the development of the product from 0 to 1
- You thrive in ambiguity and have a strong grasp of engineering fundamentals
- You are excited about working on a small team and helping us set the foundations for the company
What the job involves
- We are looking for an experienced software engineer to join the merchant decisioning team and build a scalable platform/infrastructure that is critical for underwriting and decisioning hundreds of thousands of businesses on a daily basis
- As part of the team, you will be working closely with Data Science, Growth and Risk stakeholders to efficiently serve the product initiatives that serve Parafin’s portfolio and empower stakeholders with controls to determine Parafin’s growth and bottom line
- You will own 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 the 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 into the platform to make DS-driven decisioning more powerful and intelligent
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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