Parafin Is Joining Stripe

SAN FRANCISCO–(BUSINESS WIRE)–Today, Parafin announced it has reached an agreement to be acquired by Stripe. Together, the companies plan to make it faster and easier for small and medium-sized businesses to get the financing they need to thrive. Parafin was started in 2020 with a simple observation: the businesses powering the economy, such as restaurants, auto shops, salons, and contractors, are the ones the traditional financial system has the most trouble serving. Businesses can finance t

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