Robinhood Staff Founders Introduce Parafin, A Small Business Startup

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Robinhood Staff Founders Introduce Parafin, A Small Business Startup

Story Highlights

  • San Francisco-based Parafin Inc., which is also backed by some of Robinhood’s early venture investors, is reaching small businesses via partners to offer online cash advances, a type of financing that’s repaid as a percentage of a business’s daily sales. Parafin is an early-stage alternative to the likes of Square Inc.’s Square Capital, Stripe Inc.’s Stripe Capital, and other providers of financing for small businesses.