About Parker
Parker is a company based in San Francisco (United States) founded in 2012. It operates as a FinTech, and Subscription Services. Parker has raised $51.1 million across 3 funding rounds from investors including Jefferies, Valar Ventures and Y Combinator. The company has 35 employees as of December 31, 2024. Parker offers products and services including Parker Card, High-Yield Banking, and Intelligent Bill Pay. Parker operates in a competitive market with competitors including Ramp, Brex, Wright Express, Clara and Marqeta, among others.
- Headquarter San Francisco, United States
- Employees 35 as on 31 Dec, 2024
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Parker Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51.1 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Nov 08, 2024
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Investors
Jefferies
& 3 more
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Employee Count
35
as on Dec 31, 2024
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Products & Services of Parker
Parker offers a comprehensive portfolio of products and services, including Parker Card, High-Yield Banking, and Intelligent Bill Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A credit card designed for internet businesses.
Banking services with high annual percentage yield.
Payment solution for vendors with flexible terms.
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Funding Insights of Parker
Parker has successfully raised a total of $51.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $20.0M
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First Round
First Round
(16 Mar 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - Parker | Valuation | Valar Ventures | |
| Mar, 2023 | Amount | Series A - Parker | Valuation | Valar Ventures |
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| Mar, 2023 | Amount | Debt – Venture - Parker | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parker
Parker has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Jefferies, Valar Ventures and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global investments in tech sectors are conducted by Valar Ventures.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture finance services, including debt and equity, are provided to capital-backed companies globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parker
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parker
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parker Comparisons
Competitors of Parker
Parker operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Wright Express, Clara and Marqeta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Meetings are scheduled using AI by adding Clara to emails.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
A platform for virtual credit cards and spend management is provided by Extend for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parker
Frequently Asked Questions about Parker
When was Parker founded?
Parker was founded in 2012 and raised its 1st funding round 11 years after it was founded.
Where is Parker located?
Parker is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Parker a funded company?
Parker is a funded company, having raised a total of $51.1M across 3 funding rounds to date. The company's 1st funding round was a Series A of $31.1M, raised on Mar 16, 2023.
How many employees does Parker have?
As of Dec 31, 2024, the latest employee count at Parker is 35.
What does Parker do?
Parker is dedicated to providing financial solutions tailored for modern internet businesses. Services are offered in the FinTech sector, including the Parker Card with flexible credit terms and higher limits, high-yield banking accounts, and intelligent bill pay systems. Real-time analytics and predictive tools are integrated to support data-driven growth decisions. The platform is built to address the unique challenges of digital entrepreneurs, enabling faster scaling and effective capital management within the internet economy.
Who are the top competitors of Parker?
Parker's top competitors include Ramp, Brex and Wright Express.
What products or services does Parker offer?
Parker offers Parker Card, High-Yield Banking, and Intelligent Bill Pay.
Who are Parker's investors?
Parker has 4 investors. Key investors include Jefferies, Valar Ventures, Y Combinator, and TriplePoint Capital.