Parafin Has Funded 50,000 Businesses, How Does That Compare?

Parafin’s new credit facility with Goldman Sachs was complemented by the disclosure that the company had funded more than 50,000 businesses since inception. Founded in 2020, Parafin typically markets how much it has extended in “offers” to small businesses rather than how much it has actually funded. This bucks the prevailing industry trend.

To put Parafin’s 50,000 deals funded over the last 5 years into perspective, the industry leading online lender, Square Loans, funded approximately 700,000 loans last year alone.

Parafin disclosed revenue in 2025 as $90M, which is approximately double that of Lightspeed Capital over the same time period. Lightspeed originated $340M in MCAs in 2025.

Parafin says that the majority of its fundings go to repeat borrowers. The company powers platforms such as Amazon, Walmart, DoorDash, Gusto.