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Overview
Parker is a FinTech service that combines credit, banking, and analytics for e-commerce brands, helping them grow with better cash flow. Its core product is a credit card that gives a full credit period on every purchase, with repayment terms up to 90 days, allowing businesses to keep more cash in the bank. It also uses performance-based underwriting and offers higher credit limits than typical cards. In addition to credit, Parker provides a platform to upload invoices and make payments with no foreign transaction fees, and an analytics tool that connects to various business systems to give a clear view of financial health. Parker differs from competitors by offering longer, consistent repayment terms, higher limits guided by performance metrics, and an integrated suite of banking and analytics tools in one place. The goal is to help e-commerce brands operate with more working capital, stability, and better data-driven decisions to grow faster and more profitably.
About Parker
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$177.1M
Headquarters
New York City, New York
Founded
2020
Simplify's Take
What believers are saying
- $203M total funding since 2023 fuels expansion, new products, and strategic hires.
- $300M+ transaction volume with brands like Amour Vert and Caraway drives revenue growth.
- Analytics dashboard delivers profitability insights across sales channels for decisions.
What critics are saying
- Ramp's spend management suite captures mid-market brands in 6-12 months.
- Brex's Shopify networks block Parker's customer acquisition in 12-18 months.
- E-commerce slowdown slashes Parker's fee revenue from $500M run rate in 3-6 months.
What makes Parker unique
- Parker provides rolling net terms up to 90 days per transaction, unlike averaged monthly billing.
- Underwriting uses cash flow for 10-20X higher limits up to $10M for mid-market e-commerce.
- Unlimited virtual cards offer customizable limits and repayment schedules per card.
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Funding
Total Funding
$177.1M
Above
Industry Average
Funded Over
5 Rounds
Y CombinatorIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Company Equity
Remote Work Options
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 2%Parker has secured over $200 million in funding to advance its mission of transforming digital business operations. This includes a new asset-backed lending arrangement for up to $125 million, following a $20 million Series B raise last year, totaling $203 million in funding. The funds will support Parker's expansion into new product lines, enhance platform onboarding, improve integration with app stores, and invest in strategic hires.
Parker has closed its Series B funding to help further its mission in transforming how Ecommerce businesses scale and financially operate.
If Rasmus Hojgaard earns a PGA TOUR card, he and Nicolai Hogaard will join Parker and Pierceson Coody as biological twins with active status on TOUR.
Parker, a charge card built specifically for e-commerce, has raised $157 million in total funding to support the growth of online brands.
Parker is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Parker
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$177.1M
Headquarters
New York City, New York
Founded
2020
Parker is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today