Parker offers financing that scales with merchants’ revenue and cash balance, with limits up to $10M and up to 90 days to pay on purchases. Its product suite includes banking products with FDIC insurance and high-yield accounts, accounts payable software, and advanced intelligence tools for financial monitoring. The company recently launched an analytics dashboard with real-time P&L, LTV and CAC metrics, cash-flow analysis, and benchmarking against peers. Parker integrates data from Shopify, Meta, and other platforms to power its insights and financing decisions. Since its Series A, the company has processed over $1B in payments. The company intends to use new capital to consolidate its market presence. Parker provides a charge card and credit products specifically for e-commerce brands, underwriting credit based on cash flow to offer limits commonly 10–20x higher than traditional business cards and up to $10 million for qualified customers. The product supports net terms on individual transactions and flexible statement cadence (daily or weekly) to improve cash flow for merchants. The company targets middle‑market e-commerce businesses doing $3M–$100M in annual sales and counts customers such as Amour Vert, Italic, SpikeBall, Canopy and Caraway. Parker’s revenue comes from interchange and transaction fees; since launch it has processed more than $300 million in transaction volume and reports a run rate close to $500 million. Founded in 2019 and a Y Combinator winter 2019 graduate, Parker plans to deploy new funding into product, engineering and go‑to‑market to expand nationwide and pursue additional financial products. The company says it has maintained runway through the pandemic, is working toward profitability, and expects to scale to access cheaper capital and upsell other offerings after establishing its core card business.

Total raised

$121M

Funding rounds

3

Latest round

Series B

Latest activity

Nov 2024