Tagged: parafin

Treasury Prime’s Prime Cash Leads This Week’s Fintech Partnerships and Product Announcements

Treasury Prime introduces Prime Cash Prime Cash allows Fintech partners to offer customers more ways to add cash directly to digital accounts. The solution is powered by Green Dot’s (NYSE: GDOT) embedded finance platform, Arc. Through Prime Cash, fintechs built on Treasury Prime’s platform may… Read More

Embedded Finance Infrastructure Firm Parafin Reports $100M Series C

Parafin, which builds embedded finance infrastructure, announced the close of its $100 million Series C at a $750 million valuation. The financing has reportedly been led by Notable Capital with participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also took part… Read More

Fintech Parafin Reportedly Acquires Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc., announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Parafin helps companies, such “as marketplaces, vertical SaaS, and payment processors, launch and… Read More

Amazon Introduces Merchant Cash Advance Program Provided by Parafin

Amazon (NASDAQ: AMZN) launched a new financing solution, a merchant cash advance, provided by Parafin–a U.S.-based provider of growth capital for sellers. This secure financing option “ties payment on the cash advance to a portion of sellers’ future sales for a fixed capital fee and… Read More

Fintech Parafin Acquires $60M in Funding

Parafin, a Fintech firm that’s being led by ex- Robinhood Markets Inc. professionals, has acquired $60 million in funding as part of its second investment round. Established in 2020 by Ralph Furman, Sahill Poddar, and Vineet Goel, Parafin works cooperatively with firms like DoorDash Inc…. Read More

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