Parafin, a financial infrastructure company for embedded lending, now powers SpotOn Capital, the financing program built into SpotOn’s restaurant and financial technology platform, with the migration completed in two months and no change to how merchants apply for or manage financing. Operators who refinanced with SpotOn Capital under Parafin paid 35% less on average for their financing than under their previous programs, with one operator cutting monthly payments by nearly 50%. The main objective is to give restaurant operators better access to financing, lower costs, and faster funding by having Parafin’s AI-powered underwriting model evaluate restaurant revenue and overall business performance rather than personal credit scores, while Parafin also handles servicing, compliance, and program operations so SpotOn can run the lending program without building that infrastructure in-house. Key players include Parafin co-founder and CEO Sahill Poddar, who said the goal was helping SpotOn “deliver lower costs, broader access, and a program that can continue to evolve,” and SpotOn Chief Innovation Officer Doron Friedman, who said the partnership lets financing decisions reflect “how a restaurant actually runs” rather than just a credit score.

Parafin Powers SpotOn Capital, Bringing Improved Underwriting and Lower Financing Costs