Parafin was founded with the mission to grow small businesses.
Started by a dedicated group of data scientists and engineers who watched small businesses get left behind during the pandemic, Parafin’s first focus is providing small businesses with fast, easy access to capital.
Capital is critical to small businesses because it allows owners to invest in and run their businesses the way they want to. Unfortunately, today it can be difficult to access and costly. On top of that, most institutions that offer capital aren’t invested in or aligned with the growth of those they offer it to.
Parafin provides access to capital through platforms that small businesses already manage their business with—like Xplor. Getting capital through a platform like Xplor means small businesses get to work with a partner that’s invested in their success and cares about their growth.
All loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice.
Loans are governed by the Loan Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review.