Just Go Grind #353: Yacine Sibous, Co-Founder of Parker, the Financial Stack for Scaling Your E-commerce Brand Faster and More Profitably
Yacine Sibous is the Co-Founder of Parker, the financial stack for scaling your e-commerce brand faster and more profitably.
After studying Physics and Computer Science at McGill University, Yacine left to attend 42, a unique software engineering school in France. It’s there that he met his co-founder Milan Ray.
Yacine and Milan went on to participate in Y Combinator in 2019. They have since raised $157 million from investors and have processed more than $550 million on their platform, with customers that include brands like Caraway, Venus et Fleur, and Dolls Kill.
Topics Covered by Yacine Sibous in this Episode-
0:00 Parker: A digital banking platform for internet-based companies
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1:05 How a friend’s business selling phone cases on Instagram in college led to the inception of Parker
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5:36 Attending Y Combinator and how COVID led Yacine and Milan to return to their original idea after many pivots
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8:50 How Yacine met his co-founder, Milan Ray and decided to work together
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10:08 Attending the unique school 42 in France
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10:59 Early feedback on Parker that led Yacine and Milan to stick to their original idea
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12:01 Understanding the fundraising game and raising their first round from YC
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13:35 The mistake of under-utilizing funds and burning too little
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15:09 What fueled Parker’s growth
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17:19 Leveraging events for growth post-COVID
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18:09 What differentiates Parker from its competitors
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21:45 How customer feedback enabled them to build a credit model unique to e-commerce
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23:58 The key to raising debt
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24:49 Yacine’s best fundraising advice
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27:03 Tips for building hiring both junior and executive team members
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31:12 How a focus on growth has enabled Parker’s success
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33:30 How Yacine invests in himself
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35:21 What’s next for Parker
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36:52 Parker’s target customer
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37:10 Where to connect with Yacine
Website: Parker LinkedIn: linkedin.com/in/yacine-sibous/ Twitter: @YacineSibous Email: yacine@getparker.com
Learn from other world-class founders: https://www.justgogrind.com
Follow Justin Gordon, the host, on Twitter: https://twitter.com/justingordon212