Parker, a provider of corporate credit cards for online and e-commerce retailers, has raised a total of $157 million in equity and debt financing. The $120 million in venture debt financing was provided by TriplePoint Capital, with a warehouse facility provided by Jefferies. The bulk of the Series A equity was provided by Valar Ventures. Parker will use the money to strengthen its product and technical teams.
US Corporate Card Start-up Parker Secures $157M in Equity and Debt Funding
