Parker
Parker was a fintech company that offered corporate cards and financing products for ecommerce businesses. It filed for Chapter 7 bankruptcy in May 2026, according to TechCrunch.
The Story
Parker was part of Y Combinator's Winter 2019 batch. Its Series A was led by Valar Ventures, according to TechCrunch.
It came out of stealth in 2023 with a card for ecommerce businesses. The company said its underwriting was based on the cash flows of online merchants.
Parker's website said it had raised more than $200 million, including a $125 million lending arrangement, according to TechCrunch.
On May 7, 2026, Parker filed for Chapter 7 bankruptcy. The filing listed between $50 million and $100 million in assets and liabilities in the same range, according to TechCrunch.
Its card partner messaged customers confirming the shutdown, TechCrunch reported.
Timeline
Funding
Parker raised $200M+, as reported in the sources below.
What Happened
Filed for Chapter 7 bankruptcy (May 2026)