Stripe, a provider of financial infrastructure and payment services, has agreed to acquire credit platform Parafin for an undisclosed amount. The acquisition is intended to broaden Stripe's credit offering, according to Börsvärlden.
Parafin has provided financing to over 60,000 small businesses since 2020. The company delivers embedded financial products to platforms such as Doordash, Gusto, Jobber, and Mindbody.