Parafin valuation, funding and investors
Parafin works in embedded financial solutions development, based in San Francisco, United States. Founded in 2020, it has about 168 employees.
- Last round
- Series C · $100M · Dec 2024
- Valuation at last round
- $750M
- Headcount
- 168 · growing
- Grade
- A
- Founded
- 2020
Parafin valuation today
VCMC values Parafin at $1.1B today, with a range of $760M to $1.3B and a grade of A. The valuation starts from its last funding round, a Series C round in Dec 2024.
Valuation by date (86 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | $19.4M | $7.08M – $53.4M | $21.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $19.6M | $7.14M – $53.9M | $21.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $19.8M | $7.21M – $54.4M | $22.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $20.0M | $7.27M – $54.9M | $22.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $20.2M | $7.34M – $55.4M | $22.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $20.3M | $7.40M – $55.9M | $22.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $20.5M | $7.47M – $56.4M | $22.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $20.7M | $7.54M – $56.9M | $23.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $20.9M | $7.61M – $57.4M | $23.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $21.1M | $7.67M – $57.9M | $23.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $21.3M | $7.75M – $58.4M | $23.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $21.5M | $7.81M – $59.0M | $23.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $21.7M | $7.88M – $59.5M | $24.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $21.9M | $7.96M – $60.0M | $24.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $22.0M | $8.02M – $60.5M | $24.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $22.2M | $8.10M – $61.1M | $24.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $22.4M | $8.17M – $61.6M | $24.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $22.6M | $8.24M – $62.2M | $25.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $22.8M | $8.32M – $62.7M | $25.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $23.1M | $8.39M – $63.3M | $25.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $23.3M | $8.47M – $63.9M | $25.6M (+10%) | before first round | – | unknown | D | 0% |
| 22 Sep 2021 | $189M | $124M – $517M | $340M (+80%) | after a round | – | unknown | C | 0% |
| 1 Oct 2021 | $192M | $124M – $517M | $340M (+77%) | after a round | – | unknown | C | 0% |
| 1 Nov 2021 | $202M | $124M – $517M | $340M (+69%) | after a round | – | unknown | C | 0% |
| 1 Dec 2021 | $212M | $124M – $517M | $340M (+61%) | after a round | – | unknown | C | 0% |
| 1 Jan 2022 | $223M | $124M – $517M | $340M (+53%) | after a round | – | unknown | C | 0% |
| 1 Feb 2022 | $234M | $124M – $517M | $340M (+45%) | after a round | – | unknown | C | 0% |
| 1 Mar 2022 | $245M | $124M – $517M | $340M (+39%) | after a round | – | unknown | C | 0% |
| 1 Apr 2022 | $257M | $124M – $517M | $340M (+32%) | after a round | 32 | unknown | C | 0% |
| 1 May 2022 | $270M | $124M – $517M | $340M (+26%) | after a round | 32 | unknown | C | 0% |
| 1 Jun 2022 | $284M | $124M – $517M | $340M (+20%) | after a round | 32 | unknown | C | 0% |
| 1 Jul 2022 | $298M | $124M – $517M | $340M (+14%) | after a round | 32 | unknown | C | 0% |
| 1 Aug 2022 | $313M | $124M – $517M | $340M (+9%) | after a round | 32 | unknown | C | 0% |
| 3 Aug 2022 | $521M | $452M – $897M | $780M (+50%) | after a round | 32 | unknown | B | 0% |
| 1 Sep 2022 | $538M | $452M – $897M | $780M (+45%) | after a round | 32 | unknown | B | 0% |
| 1 Oct 2022 | $556M | $452M – $897M | $780M (+40%) | after a round | 32 | unknown | B | 0% |
| 1 Nov 2022 | $575M | $452M – $897M | $780M (+36%) | after a round | 32 | unknown | B | 0% |
| 1 Dec 2022 | $595M | $452M – $897M | $780M (+31%) | after a round | 32 | unknown | B | 0% |
| 1 Jan 2023 | $616M | $452M – $897M | $780M (+27%) | after a round | 32 | unknown | B | 0% |
| 1 Feb 2023 | $682M | $452M – $1.0B | $892M (+31%) | after a round | 59 | growing | B | 0% |
| 1 Mar 2023 | $710M | $452M – $1.0B | $892M (+26%) | after a round | 59 | growing | B | 0% |
| 1 Apr 2023 | $744M | $452M – $1.0B | $892M (+20%) | after a round | 59 | growing | B | 0% |
| 1 May 2023 | $777M | $452M – $1.0B | $892M (+15%) | after a round | 59 | growing | B | 0% |
| 1 Jun 2023 | $814M | $452M – $1.0B | $892M (+10%) | after a round | 59 | growing | B | 0% |
| 1 Jul 2023 | $851M | $452M – $1.0B | $892M (+5%) | after a round | 59 | growing | B | 0% |
| 1 Aug 2023 | $891M | $452M – $1.0B | $892M (0%) | after a round | 59 | growing | B | 0% |
| 1 Sep 2023 | $892M | $462M – $1.0B | $892M (0%) | after a round | 59 | growing | B | 0% |
| 1 Oct 2023 | $892M | $424M – $1.0B | $892M (0%) | after a round | 59 | unknown | B | 0% |
| 1 Nov 2023 | $957M | $493M – $1.1B | $957M (0%) | after a round | 81 | growing | B | 0% |
| 1 Dec 2023 | $957M | $507M – $1.1B | $957M (0%) | after a round | 81 | growing | B | 0% |
| 1 Jan 2024 | $957M | $522M – $1.1B | $957M (0%) | after a round | 81 | growing | B | 0% |
| 1 Feb 2024 | $957M | $538M – $1.1B | $957M (0%) | after a round | 81 | growing | B | 0% |
| 1 Mar 2024 | $957M | $553M – $1.1B | $957M (0%) | after a round | 81 | growing | B | 0% |
| 1 Apr 2024 | $974M | $576M – $1.1B | $974M (0%) | after a round | 88 | growing | B | 0% |
| 1 May 2024 | $974M | $594M – $1.1B | $974M (0%) | after a round | 88 | growing | B | 0% |
| 1 Jun 2024 | $974M | $612M – $1.1B | $974M (0%) | after a round | 88 | growing | B | 0% |
| 1 Jul 2024 | $974M | $631M – $1.1B | $974M (0%) | after a round | 88 | growing | A | 0% |
| 1 Aug 2024 | $974M | $336M – $1.1B | $974M (0%) | after a round | 88 | flat | C | 0% |
| 1 Sep 2024 | $1.0B | $628M – $1.2B | $1.0B (0%) | after a round | 110 | growing | B | 0% |
| 1 Oct 2024 | $1.0B | $631M – $1.2B | $1.0B (0%) | after a round | 110 | growing | B | 0% |
| 1 Nov 2024 | $1.0B | $634M – $1.2B | $1.0B (0%) | after a round | 110 | growing | B | 0% |
| 1 Dec 2024 | $1.0B | $430M – $1.2B | $999M (0%) | after a round | 100 | up | B | 0% |
| 18 Dec 2024 | $751M | $652M – $1.1B | $975M (+30%) | after a round | 100 | up | A | 0% |
| 1 Jan 2025 | $758M | $652M – $1.1B | $975M (+29%) | after a round | 100 | up | A | 0% |
| 1 Feb 2025 | $775M | $652M – $1.1B | $975M (+26%) | after a round | 100 | up | A | 0% |
| 1 Mar 2025 | $791M | $652M – $1.1B | $975M (+23%) | after a round | 100 | up | A | 0% |
| 1 Apr 2025 | $809M | $652M – $1.1B | $975M (+21%) | after a round | 100 | up | A | 0% |
| 1 May 2025 | $826M | $652M – $1.1B | $975M (+18%) | after a round | 100 | up | A | 0% |
| 1 Jun 2025 | $845M | $652M – $1.1B | $975M (+15%) | after a round | 100 | up | A | 0% |
| 1 Jul 2025 | $863M | $652M – $1.1B | $975M (+13%) | after a round | 100 | up | A | 0% |
| 1 Aug 2025 | $898M | $652M – $1.2B | $1.0B (+12%) | after a round | 113 | up | A | 0% |
| 1 Sep 2025 | $915M | $652M – $1.1B | $994M (+9%) | after a round | 109 | up | A | 0% |
| 1 Oct 2025 | $936M | $652M – $1.1B | $994M (+6%) | after a round | 109 | flat | A | 0% |
| 1 Nov 2025 | $959M | $652M – $1.1B | $994M (+4%) | after a round | 109 | flat | A | 0% |
| 1 Dec 2025 | $994M | $652M – $1.2B | $1.0B (+1%) | after a round | 116 | flat | A | 0% |
| 1 Jan 2026 | $1.0B | $639M – $1.2B | $1.0B (0%) | after a round | 116 | flat | A | 0% |
| 1 Feb 2026 | $1.0B | $611M – $1.2B | $1.0B (0%) | after a round | 116 | flat | B | 0% |
| 1 Mar 2026 | $1.0B | $639M – $1.2B | $1.0B (0%) | after a round | 116 | up | A | 0% |
| 1 Apr 2026 | $1.0B | $634M – $1.2B | $1.0B (0%) | after a round | 116 | up | B | 0% |
| 1 May 2026 | $1.0B | $628M – $1.2B | $1.0B (0%) | after a round | 116 | up | B | 0% |
| 1 Jun 2026 | $1.1B | $637M – $1.2B | $1.1B (0%) | after a round | 145 | up | B | 0% |
| 1 Jul 2026 | $1.1B | $634M – $1.2B | $1.1B (0%) | after a round | 145 | up | B | 0% |
| 1 Aug 2026 | $1.1B | $721M – $1.2B | $1.1B (0%) | after a round | 154 | growing | A | 0% |
| 1 Sep 2026 | $1.1B | $731M – $1.2B | $1.1B (0%) | after a round | 154 | growing | A | 0% |
| 1 Oct 2026 | $1.1B | $752M – $1.3B | $1.1B (0%) | after a round | 168 | growing | A | 0% |
| 24 Oct 2026 | $1.1B | $760M – $1.3B | $1.1B (0%) | after a round | 168 | growing | A | 0% |
Key facts about Parafin
- Founded
- 2020
- Headquarters
- San Francisco, United States
- Employees
- about 168 +54% in a year
- Total raised
- $412M
- Funding rounds
- 5
- Last round
- Series C Dec 2024
Parafin was founded in 2020 by Ralph Furman, Sahill Poddar and Vineet Goel.
Parafin funding history
Parafin has 5 funding rounds on record, from Sep 2021 to Dec 2024, $412M in total. The latest disclosed valuation is $750M post-money (Series C, Dec 2024).
Series C 17 Dec 2024
Led by Notable Capital; with Redpoint Ventures, Ribbit, Thrive Capital, GIC.
Sources: finsmes.com, financialit.net, parafin.com and 2 more
$100M
$750M post-money
$93M
Debt 10 Apr 2024no round page
With Silicon Valley Bank, Trinity Capital.
Sources: finsmes.com, svb.com, financialit.net and 1 more
$125M
Series B 2 Aug 2022
Led by GIC; with Thrive Capital, Ribbit.
Sources: parafin.com, news.fintech.io, pymnts.com and 1 more
$60M
$520M post-money
Series A 21 Sep 2021
Led by Ribbit, Thrive Capital.
Sources: parafin.com, news.fintech.io, finleycms.com
$34M
Parafin investors
8 investors have backed Parafin; Ribbit, Thrive Capital and GIC and 3 more led at least one round.
- Ribbit lead, 3 rounds
- Thrive Capital lead, 3 rounds
- GIC lead, 2 rounds
- Redpoint Ventures
- Silicon Valley Bank
What Parafin does
Parafin works in financial services, with 16 recorded offerings and customers in financial technology, marketplaces and saas.
Parafin, Inc. is an American financial technology company that provides embedded financial solutions for small businesses, including marketplaces, vertical SaaS platforms, and payment processors. The company offers financial services such as working capital, credit and rewards management, and installment payment options, and also operates as a payment processor. Parafin develops AI-powered underwriting models and white-labeled user interfaces, and its products are supported by FDIC-insured cash accounts and spend cards. The company serves businesses through integrations with platforms such as DoorDash, Amazon, and Worldpay.
Description from Veridion's company data.
Products and services
- Embedded Financial Solutions Development
- Capital Product Distribution
- Spend Management Solutions
- Pay Over Time Financing Services
- Credit and Rewards Management Services
- Installment Payment Solutions
- AI-Powered Underwriting Model Development
- White-Label Financial UI Integration
- Regulatory Compliance Solutions
- Real-Time Financial Data Analytics
- Cash Account Services
- Spend Card Issuance Services
- Platform Financial Product Customization
- Marketplace Financial Solutions
- SaaS Platform Financial Solutions
- Payment Platform Financial Solutions
Markets
- Financial Technology
- Marketplaces
- SaaS
Technology
- AI-Powered Underwriting Models
Business model
- Business-to-Business
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 50% match
- 513210 Software Publishers 30% match
- 522210 Credit Card Issuing 20% match
Questions about Parafin
What is Parafin worth?
Valuation $1.1B (range $760M to $1.3B), as of 24 Oct 2026. The last disclosed valuation was $750M (Series C, Dec 2024).
Has Parafin raised money?
Parafin has 5 funding rounds on record, from Sep 2021 to Dec 2024, $412M in total. The latest disclosed valuation is $750M post-money (Series C, Dec 2024).
Who has invested in Parafin?
Ribbit, Thrive Capital, GIC, Trinity Capital, Jefferies and Notable Capital, and 2 more. Lead investors include Ribbit, Thrive Capital, GIC and Trinity Capital.
How many people work at Parafin?
About 168, up 54% over the last year. Headcount grew from 32 in Mar 2022 to 168 in Sep 2026.
What does Parafin do?
Parafin works in financial services, with 16 recorded offerings and customers in financial technology, marketplaces and saas. Its main offerings are embedded financial solutions development, capital product distribution and spend management solutions.
When was Parafin founded, and where is it based?
Parafin was founded in 2020 and is based in San Francisco, United States. It has about 168 employees, up 54% over the last year.