Parker

Financial solutions for e-commerce businesses

New York City, New York, United States

About Parker

Parker provides financial solutions specifically designed for e-commerce businesses aiming to grow. The company offers a unique credit card that allows businesses to maintain working capital for up to six times longer than traditional methods, addressing cash flow challenges. This credit card features a full credit period on every transaction, with repayment terms extending up to 90 days, enabling businesses to keep more cash on hand. In addition to credit services, Parker offers banking solutions and an analytics tool that integrates with various business systems, giving users a comprehensive view of their financial health. This combination of services helps e-commerce brands make informed decisions and enhances their growth potential. Parker stands out from competitors by offering performance-based underwriting and higher credit limits, making it an appealing choice for businesses looking to scale.

New York City, New YorkHeadquarters
2020Year Founded
$55.4MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Company Equity
Remote Work Options
Hybrid Work Options

Risks

Increased competition from established players like Brex and Ramp in the e-commerce sector.
Potential over-reliance on debt financing could pose financial risks if not managed properly.
Maintaining high credit limits and extended repayment periods increases risk of defaults.

Differentiation

Parker offers extended repayment periods up to 90 days, unlike traditional credit cards.
The company provides performance-based underwriting, offering tailored credit solutions for businesses.
Parker integrates analytics tools, offering a holistic view of financial health for e-commerce.

Upsides

Parker raised $157M in funding, supporting growth and expansion in e-commerce finance.
Increased demand for integrated financial solutions aligns with Parker's comprehensive offerings.
Expansion into wellness and luxury goods sectors indicates potential for further growth.

Funding

Total raised$55.45 M
Latest valuation$155.50 M
StageSERIES_B
SERIES B
10/31/2024
$20
$155.50 M
SERIES A
2/28/2023
$31
$155.50 M
SEED
7/31/2022
$6
$29.50 M