Parker, a startup offering a corporate credit card for e-commerce businesses, emerged from stealth Thursday with $157 million in equity and debt funding, much of which closed in 2022.
The company touts itself as “the first charge card for e-commerce” with raised limits that are on average 10 to 20 times higher than traditional business credit cards, like CapitalOne, American Express and Brex.
Co-founders Yacine Sibous and Milan Ray were more into computing before they kind of fell into the world of e-commerce. They were building internet-based businesses to help people build passive income when they came across the problem around financials in e-commerce.
“We imagined building better financial products for e-commerce founders with the mission of increasing the number of financially independent people,” CEO Sibous told TechCrunch.
Sibous and Ray founded Parker in 2019 and were part ...
