We’re excited to announce a significant milestone in our journey: Parker has secured over $200M in funding. The last round is thanks to a new asset backed lending arrangement for up to $125M, which, on the heels of our $20 million Series B raise last year, brings the company’s total funding to $203 million. Since our Series A, Parker has facilitated over $1B in payments across hundreds of leading brands. Driven by rising demand for financial services tailored to e-commerce and internet-first business needs, Parker has transformed how business owners manage cash flow and gain insights to fuel their growth. The new funding will support Parker’s expansion into new product lines, competitive cashback rates and rewards, enhance its platform onboarding experience, expand its integration capabilities with a new focus on app stores, and invest in strategic hires throughout the organization.

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Parker: a full suite of financial tools

Our comprehensive platform includes:

1. Parker Card

A credit card³ offering with underwriting based on the use of real-time cash flow data - not legacy credit scores - to underwrite businesses, which opens access to capital for high-potential companies often overlooked by traditional banks. Your credit limit will scale as your business scales, instead of being stuck with an arbitrarily capped limit. With the Parker Card³ you can have access to up to 90 days to pay back your transactions and earn rewards on all card spend. 

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2. Parker Treasury

Banking products¹ with up to hundreds of millions in FDIC coverage,² high-yield accounts with up to 3% in APY,⁴ and the ability to instantly open and configure multiple accounts for smarter budgeting and cash flow management. There are no hidden fees and no minimum requirements - banking¹ that transparently works for your business, not against it.

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3. Parker Bill Pay 

Bill Pay designed to streamline payments and financial operations with access to up to 60 days rolling terms on every bill you get, even when sending wires. You can use your existing Parker credit line to pay global vendors. You can also pay suppliers even if they don’t accept cards - your credit line, flexible payment methods. Get clear, itemized details of every payment - no surprises. 

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4. Parker Intelligence 

Parker Intelligence is built to give businesses a complete view of their daily financial health. Advanced financial intelligence tools that deliver the insights digital businesses need to make real-time decisions. No more exporting CSVs at the end of each month and reconciling conflicting data. Your most critical metrics are live and actionable at all times. 

What does this mean for you?

All these Parker products work together seamlessly, giving you control over your finances.

For growing online brands, cash flow is both the fuel and the steering wheel. Traditional banking often limits both. With Parker, it’s about removing constraints: cash constraints, reporting constraints, timing constraints. The result? Faster decisions, smoother operations, more reinvestment, and ultimately more growth.

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What's next for Parker?

With the latest funding secured, Parker is poised to further solidify its place as the financial command center for internet-first businesses. We're continuing to build tools that help businesses automate cash management, gain critical financial insights, and access capital that grows with them. Our mission is to increase the number of financially independent people, offering the tools and capital that brands need to scale faster and more profitably than they ever thought possible.

We're proud of what we've accomplished, but we know there's still so much more to come. To our customers, investors, and team: thank you for your trust and support. We're excited to continue this journey with you, revolutionizing financial services for the eCommerce industry.

If you're an internet first business looking to optimize your financial operations, we'd love to chat.

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Learn more at www.getparker.com