World Finance Informs

Stripe has agreed to acquire Parafin, an embedded financial products platform, in a proposed transaction aimed at expanding credit and other financial products for businesses using online platforms. The deal would bring Parafin’s credit capabilities into Stripe’s financial infrastructure while extending support for platforms serving small businesses. More than 18,000 platforms build on Stripe, and the company said these platforms increasingly serve as financial homes for small businesses. Stripe also said demand for its Capital product has increased as new business creation accelerates while traditional financing remains constrained. This places embedded finance at the centre of Stripe’s efforts to broaden...