Parker, a fintech startup offering corporate credit card services, has raised $20 million in Series B funding led by Valar Ventures, bringing its total funding to $58 million in equity and $120 million in debt financing. Founded in 2019 by Milan Ray and Yacine Sibous, Parker offers financial tools like banking, corporate credit cards, and analytics tailored for e-commerce businesses, processing over $550 million for clients such as Caraway and Dolls Kill. The new funds will support Parker’s engineering team expansion and growth of its credit facilities, reinforcing its niche focus in the e-commerce sector against competitors like Brex and Ramp.
Fintech Startup Parker Raises $20 Million in Series B to Empower E-Commerce Businesses
