Parker

Parker is a financial technology company that has built a digital banking platform for fast-growing e-commerce and internet businesses. Founded in 2019 and headquartered in New York City, the company operates at the intersection of fintech, payments, credit underwriting, financial analytics and treasury management. Its stated mission is to increase the number of financially independent people by giving independent business owners the financial tools they need to scale profitably.

The product suite is anchored by the Parker Card, a corporate credit card that offers up to 90-day rolling terms on purchases, credit limits reported to be 10-20x higher than those of traditional corporate cards, and 2x rewards on all spend. Alongside it sit high-yield treasury accounts, intelligent bill pay and real-time profitability analytics. Deposits are insured up to $250,000 through partner banks, which include Piermont Bank and Patriot Bank N.A.

Parker reports serving over 1,000 scaling businesses and has raised more than $200 million, most recently at Series B. Investors include Valar Ventures and Y Combinator, with angel backers among them Solomon Hykes (Docker) and Paul Buchheit (Gmail).