Parafin, an embedded financial infrastructure company recently recognized on the 2026 Forbes Fintech 50 list, has announced the renewal and expansion of its warehouse credit facility, bringing in EverBank as a new A-note lender alongside existing partners Silicon Valley Bank (SVB), a division of First Citizens Bank, and Trinity Capital Inc. (NASDAQ: TRIN).
This expanded facility is designed to increase Parafin’s borrowing capacity and reduce its cost of capital. It builds on Parafin’s previous $125 million warehouse facility established with SVB and Trinity Capital in 2024. The new funding enables Parafin to provide more flexible financing products to small businesses directly through platforms such as Amazon, DoorDash, Gusto, TikTok Shop, and Walmart.
The growth in financing capacity reflects consistent demand from small businesses, with the majority of Parafin’s fundings allocated to repeat borrowers. To date, Parafin has funded nearly 50,000 businesses across the United States, underscoring how embedded capital assists businesses in managing cash flow and investing in growth, having funded over $2 billion in total.
Sahill Poddar, cofounder and CEO of Parafin, stated, “Small businesses are core to our economy, yet access to the debt markets remains one of their most persistent challenges. We built this company to change that: to embed fast, fair, and flexible credit products directly into the platforms small businesses already use every day. This facility upsize from our banking partners gives us the capacity to reach even more of them.”
Brian Foley, Market Manager for SVB’s Fintech group, commented, “By helping address financing, Parafin is enabling entrepreneurs to stay focused on building and scaling their businesses. SVB is proud to support this next phase of Parafin’s growth by providing financial infrastructure and insights that will help the company’s continued expansion.”
Jonathan Lustig, EverBank Lender Finance Director, added, “EverBank is pleased to support Parafin as it continues to expand and scale its embedded finance platform for small businesses. Our participation in this credit facility reflects our commitment to delivering tailored lending solutions that address the unique needs of our clients. We look forward to continuing to build our strategic relationship with Parafin.”
Steven Lambe, Managing Director of Asset Based Lending at Trinity Capital, also noted, “We’re excited to build on our strong partnership with Parafin and continue to support the expansion of their platform. This upsized facility reflects our confidence in their team and the strength of what we’ve seen over the past two years of partnership. It’s always a pleasure to work alongside SVB and EverBank, and to continue partnering to provide capital that supports Parafin’s ongoing growth.”
Parafin, founded in 2020 by Sahill Poddar, Vineet Goel, and Ralph Furman, provides financial infrastructure that integrates embedded financing products for small businesses into marketplaces, vertical SaaS platforms, and payment processors. The company is backed by investors including Ribbit Capital, Thrive Capital, GIC, Notable Capital, and Redpoint Ventures.
