Jefferies

Clinical-stage biotech developing therapies for aging.

Non-dilutive funding and payments in the Middle East

Founded in 2020 by former Robinhood data scientists, Parafin provides financing to small businesses through the platforms they already use to run their operations. It works with marketplaces, payments companies and business software providers to offer loans and cash advances based on real-time sales and cash flow data, rather than personal credit scores. In 2025, Parafin expanded beyond capital advances, launching Pay Over Time with payroll provider Gusto. <p>Funding: $194 million from Ribbit Capital, Thrive Capital and GIC, among others. </p><p>Latest valuation: $750 million. </p><p>Date of last valuation: October 2024. </p><p>Bona fides: The company says it serves 39,000 businesses, up from about 27,000 a year ago. Revenue grew to $90 million in 2025 up from $68.6 million in 2024. </p><p>Cofounders: CEO Sahill Podar, 39; CTO and chief product officer Vineet Goel, 33; Ralph Furman, 40, (no longer with the company).</p>

Parker is a digital bank.