COMPANY PROFILE

Parker

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E-commerce credit card and banking platform for online brands

New York City, United StatesFounded 2019Fintech

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About Parker

Parker is a financial services startup that provides a comprehensive financial solution for e-commerce businesses looking to scale up. The company operates in the financial technology (FinTech) market, specifically targeting e-commerce brands. Parker's unique selling proposition is its ability to help businesses maintain working capital for up to six times longer than traditional methods, addressing the common issue of uneven cash flow that can hinder growth.

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Parker's business model revolves around its unique credit card offering. Unlike traditional business credit cards, Parker's card offers a full credit period on every transaction, with repayment periods extending up to 90 days. This feature allows businesses to keep more cash in the bank, aiding their financial stability and growth potential. Additionally, Parker offers performance-based underwriting and higher credit limits than typically found elsewhere, making it an attractive option for growing businesses.

Beyond credit services, Parker also offers banking and analytics services. The company provides a platform for businesses to upload invoices and make payments easily, with the added benefit of no foreign transaction fees. Parker's analytics tool integrates with various business systems, providing a holistic view of the business's financial health and enabling more informed, profitable decision-making.

In summary, Parker is a FinTech startup offering credit, banking, and analytics services designed to help e-commerce businesses grow faster and more profitably. The company's unique credit card offering, coupled with its integrated analytics tool, positions it as a comprehensive financial solution for e-commerce brands.

Source: Dealroom company data