Software Engineer Intern, Parafin
$55 - $60 per hour
Embedded financial services for SMBs
Job no longer available
Embedded financial services for SMBs
21-100 employees
Job no longer available
$55 - $60 per hour
21-100 employees
Company mission
To democratize access to growth capital.
Role
Who you are
- At least 2 years of university education, demonstrated through the pursuit of a Bachelor’s, Master’s, or PhD in computer science, mathematics, or a related field
- Experience from previous internships, collaborative projects, or open source contributions that highlight your ability to seek and incorporate feedback from mentors, peers, and stakeholders
- Experience with programming, whether through coursework or personal projects. While we primarily use Python and Scala, we believe that strong fundamentals enable you to learn new languages quickly
- A demonstrated ability to quickly understand unfamiliar systems through independent research, collaboration with mentors, and consulting subject matter experts
What the job involves
- Become a member of Parafin's first-ever intern cohort
- During your 12-week-long summer internship, you will gain hands-on experience with various systems and technologies by delivering impactful, legitimate work that may substantially increase shareholder value (no summers spent changing the color of a single button)
- You will work alongside exceptional people to learn not only technical skills but also skills that one needs to thrive in a startup environment
- Write production software that will have a meaningful impact on Parafin’s mission to support small businesses
- Exchange valuable technical feedback through code reviews and design discussions, fostering growth and improvement
- Work alongside engineers and cross-functional teams, actively seeking and integrating feedback to enhance your work
- Accelerate your learning by asking thoughtful questions, collaborating closely with your intern manager and teammates, and keeping everyone updated on your project progress
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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