Case Study: Parafin achieves faster, more transparent payments with Modern Treasury

Parafin launches first payments in 3 months with Modern Treasury

Parafin, a financial infrastructure company providing capital to small businesses, needed a scalable payments solution to quickly fund its customers while maintaining control and transparency. They partnered with Modern Treasury to utilize its Payments and Ledgers products to build a robust money movement infrastructure without the high engineering cost of developing it in-house.

Modern Treasury provided a seamless implementation, allowing Parafin to go from business creation to its first payment in just three months. The solution created a single source of truth for payments data, improving traceability and auditability. As a result, 40% of the company uses the Modern Treasury dashboard, and Parafin has extended over $8 billion in capital offers, building a scalable foundation for continued growth.

Parafin