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Parafin Raises $30M Series A Financing

September 21, 2021

Gunderson Dettmer represented client Parafin, a finance startup for small businesses, in its $34 million Series Seed and A financing led by Ribbit Capital and Thrive Capital. Along with the financing, Parafin announced the launch of its platform that will provide the next generation of financial services for more than 200 million small businesses around the world.

In the announcement of the transaction, the company said, “Parafin is embedded financial infrastructure that serves small businesses better, faster, and cheaper. We work with the platforms that small businesses already use — such as marketplaces, payment processors, and software providers — to help sellers, creators, and entrepreneurs bridge their cash flow needs, invest in their growth, and focus on what they do best: running their business.”

The Gunderson deal team was led by Joe Raffetto and included Joshua Ephraim and Joseph McGinley.

Ribbit Capital
Thrive Capital

What’s a Rich Text element?

Yes this is a paragraph

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

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Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa.

<wrap><quoteauthor>Joanna Williams<quoteauthor><wrap>

<tinytextgrey2>MindBody, Founder<tinytextgrey2>

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.