Parafin, a leading embedded finance infrastructure provider, has secured up to $360 million through a forward-flow agreement with Cross River Bank, marking its first off-balance sheet funding commitment. The deal, managed by Cross River’s Principal Finance Group, will allow Parafin to expand its small-business financing platform, which powers major partners such as Amazon, Walmart, and DoorDash. To date, Parafin has facilitated over $14.5 billion in financing offers, and this partnership underscores both firms’ mission to broaden access to capital and support an inclusive entrepreneurial economy.

Embedded Finance Platform Parafin Secures $360M Deal