Parafin Financed 60,000 Small Businesses With $3 Billion. Now Stripe Is Buying It

Parafin Financed 60,000 Small Businesses With $3 Billion. Now Stripe Is Buying It

The payments giant is buying the startup, which has provided financing to small businesses through platforms such as DoorDash and Amazon.

Stripe agrees to buy small-business lender Parafin

Stripe agrees to acquire small business lender Parafin

The purchase could bolster Stripe's merchant credit product as payment rivals such as PayPal and Square make similar moves.

Stripe Agrees to Acquire Parafin to Expand Revenue Opportunities for Platforms and Help Small Businesses Grow

Stripe, the programmable financial services company, today announced that it has agreed to acquire Parafin, a leading embedded financial products platform. Parafin supports some of the largest and most complex platforms in the world, including DoorDash, Gusto, Jobber, and Mindbody, by providing credit offerings for their small business customers. With Parafin, Stripe will strengthen its support for ambitious platforms while bringing more credit …

Stripe agrees to acquire Parafin

Programmable financial services company Stripe has agreed to acquire Parafin, a leading embedded financial products platform.

Stripe agrees to buy Parafin in embedded credit push

The acquisition broadens Stripe's financial services offering as demand for platform-based lending grows and small firms struggle to secure bank credit.