<aside> 👉 Our mission is to democratize access to growth capital.
🏦🚫 We believe that small businesses 👷♀️🧑🌾🧑🍳🧑🏫🧑🔧💇💆 are the backbone of our economy and that banks do not have their back.
🔢✅ 📄❌ We believe that access to capital should be determined by the health of a business, and not its ability to jump through loan application hoops.
💰📈 We believe that enabling timely and hassle-free access to capital can accelerate the growth of small businesses and thereby benefit the entire economy.
💻💸 We believe online platforms (marketplaces, POS, vertical SaaS) are uniquely positioned to offer such capital to small businesses through their platforms.
🤝 We believe that by building bespoke infrastructure, we can enable online platforms to seamlessly extend capital advances to small businesses.
🚀 We believe that access to working capital will not only grow small businesses but also the online platforms they are on, creating a virtuous ecosystem.
🥇 We believe this work is the most important work we will do in our lifetime.
47.5% of Americans are employed by SMBs
SMBs contribute to 44% of the US GDP
Big Banks approved only 26.9% of small business loans
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If any of the above roles sound like you or you think you can contribute to Parafin's mission in a unique way, email email@example.com with a bit about yourself and we'll take it from there.
Ralph, Vineet and Sahill met at Robinhood in early 2016 and were amongst the first 35 employees. They helped scale the Robinhood user base by 40x, take two of the biggest revenue sources from zero to one and build a lot of the core data infrastructure, risk and fraud mitigation and machine learning systems. Between them they have a Pure Math PhD from Stanford, Particle Physics PhD from CERN, the title of Putnam Fellow, discovered the Higgs-Boson and have opened sourced Faust.
We are backed by a select group of folks we admire such as Ribbit Capital, Index ventures, Green Oaks Capital, SV Angel, the founders of Robinhood, Doordash, Chime, Carta and executives from Notion, BrainTree and Invoice2Go.