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Full-Time

Product Manager

Confirmed live in the last 24 hours

Parker

Parker

51-200 employees

Financial solutions for e-commerce businesses

Financial Services
Legal

Compensation Overview

$90k - $140kAnnually

+ Equity

Mid

Remote in USA + 1 more

Category
Product Management
Product
Requirements
  • 2-4 years of experience working as a Product Manager at an early stage startup
  • Experience in FinTech, ecommerce or accounting / back office operations
  • An ability to work with the executive team to understand strategy and how it informs projects
  • An orientation towards organization and data
Responsibilities
  • Establish a compelling product direction by meeting with customers, assessing competitive products, and analyzing data
  • Develop and manage a compelling and pragmatic product roadmap
  • Scope product features with a high level of product sensibility
  • Plan sprint cycles with clear priorities and assignments
  • Write high quality tickets that engineers and designers can implement with clarity
  • Communicate with leadership to manage expectations and ensure alignment
  • Manage FinTech partnerships that the Bill Pay product depends on

Parker provides financial services tailored 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 providing performance-based underwriting and higher credit limits, making it an appealing choice for businesses looking to scale.

Company Stage

Series A

Total Funding

$157M

Headquarters

New York City, New York

Founded

2020

Growth & Insights
Headcount

6 month growth

2%

1 year growth

35%

2 year growth

323%
Simplify Jobs

Simplify's Take

What believers are saying

  • Parker's recent $157M funding round, including equity and debt, positions the company for substantial growth and market penetration.
  • The company's unique financial model, which includes no foreign transaction fees and extended credit periods, can significantly enhance the financial stability and growth potential of e-commerce businesses.
  • Parker's analytics tool provides businesses with valuable insights, enabling more informed and profitable decision-making.

What critics are saying

  • The competitive landscape, with established players like Brex and Ramp, poses a significant challenge to Parker's market share.
  • The reliance on debt funding, including a $70M debt facility, could impact financial stability if revenue growth does not meet expectations.

What makes Parker unique

  • Parker's credit card offers a unique 90-day repayment period, significantly longer than traditional business credit cards, providing e-commerce businesses with extended working capital.
  • The company's performance-based underwriting and higher credit limits cater specifically to the needs of growing e-commerce brands, unlike more generalized financial services.
  • Parker integrates banking and analytics services into its platform, offering a comprehensive financial solution that goes beyond mere credit services.