Parker

Parker offers an elegant solution for eCommerce businesses seeking a more streamlined approach to their business's finances. With a dashboard view of their various channel transactions, users can gain valuable insight into their products profitability - helping to inform and power future growth.

Parker also offers a valuable line of credit, with physical and virtual cards with a limit up to $1M, and a payback period ranging from 2 to 60 days.

As an example, the two main things users would typically choose to put on their Parker card would be ad spend and supply chain purchase orders. Additionally, Parker sees a lot of brands putting shipping expenses on the card.

With Parker, each day represents its own statement and you have a rolling 30, 45 or 60 day line of credit.

This line of credit scales as your business does - so, a 30 day line of credit is available for companies under $100k/month, and a 45 day line for those doing $150-$250k/month in sales, etc.

Credit limits go up to $3M, and there's no interest charged, or associated fees. Parker is free to use, and protects personal risk with no personal guarantee, and no pulling your personal credit.

With Parker, each day represents its own statement and you have a rolling 30, 45 or 60 day line of credit.

This line of credit scales as your business does - so, a 30 day line of credit is available for companies under $100k/month, and a 45 day line for those doing $150-$250k/month in sales, etc.

Credit limits go up to $3M, and there's no interest charged, or associated fees. Parker is free to use, and protects personal risk with no personal guarantee, and no pulling your personal credit.

Typically your CEO, CFO, or Head of Finance will be using Parker. Once approved, set up and onboarding should be a straightforward process as you connect relevant accounts and create the cards you need to serve your business.

In order to be approved for Parker, you'll need 6-12 months of operating constraint with a minimum cash balance in your bank of $10k. Your limits are dynamically adjusted as you scale.

Parker represents the best opportunity for high-growth brands that are scaling so fast that cash flow is a serious problem that may start to restrict or even cap their success. It can also be a fantastic solution for Amazon sellers who are constantly waiting on marketplace payouts.

The platform offers less value to dropshippers, but still can work for those with heavy ad spend and low margins who need to grow faster.