Stripe to Buy Parafin to Scale Embedded Finance Across 18,000 Platforms

Stripe plans to strengthen its support for platforms by acquiring Parafin , an embedded financial products platform, the company said in a Wednesday (Sept. Parafin provides platforms with credit offerings for their small business customers. The company has helped more than 60,000 businesses gain access to capital and complementary credit products since 2020, according to the release.