Parafin provides access to capital and handles all the operational complexities such as underwriting, compliance, funding, and performance tracking.
How do I get started?
There’s no coding required up front. We can get you up and running in as little as one week. Contact our sales team to find out more.
What’s the user experience like?
Our easy-to-integrate APIs power merchant offer flows and dashboards, co-branded and hosted by Parafin. The experience is seamless and optimized for conversion, allowing your merchants to promptly access the capital they need. We dynamically adjust approvals for your merchants so they get the best terms we can offer.
How much capital can I get?
Parafin offers funding amounts between $500 and $1,000,000+.
What kinds of fees do you charge?
Besides the flat fee charged on cash advances and loans, we do not charge any fees. There are no late fees, early payment fees, or any other kind of fees.
How does your underwriting work?
We use a variety of factors to make financing decisions, with a special focus on business performance and sales history. We don’t check merchants’ credit scores. This means that we can offer financing to a wider swath of merchants. Also, merchants don’t have to worry about their credit scores being affected by financial products that they ultimately don’t qualify for.
How much interest do you charge?
We don’t charge interest on any of our products. For cash advances and loans, Parafin charges a flat fee.
What products do you offer?
We have cash advance, flex loan, and card products.
All loans are issued by Celtic Bank. All loans subject to credit approval.