Parafin, an embedded financial infrastructure company, secured a new credit facility led by Goldman Sachs, alongside One William Street Capital Management.
Building on Parafin’s recent warehouse credit facility expansion with Silicon Valley Bank, EverBank, and Trinity Capital, the new facility will help extend access to embedded lending for more small businesses through the platforms they already use, including Amazon, DoorDash, Gusto, TikTok Shop, Walmart and many others. The additional capacity will support financing products that help businesses manage cash flow, invest in growth and navigate day-to-day operating needs.
“Small businesses increasingly expect financial products to be built into the software and platforms they already use to run their businesses,” said Sahill Poddar, cofounder and CEO of Parafin. “Embedded lending is becoming a critical part of how businesses access capital, and this facility strengthens our ability to meet that demand at scale. Through our expanded financing capabilities, we are accelerating the delivery of flexible financing to small businesses from every part of the economy, supported by this credit facility from Goldman Sachs and One William Street.”
