Parker, a well-funded startup offering corporate credit cards and banking services for e-commerce businesses, has filed for bankruptcy and is widely reported to have shut down.

The startup was part of Y Combinator’s winter 2019 cohort, and its Series A was led by Valar Ventures.

And Parker’s troubles seem to be confirmed in its May 7 filing for Chapter 7 bankruptcy protection. The filing states that the company has between $50 million and $100 million in assets, with liabilities in the same range. It also states that Parker has between 100 and 199 creditors.

Parker, the YC19 fintech that served ecommerce merchants with credit cards, has officially ceased operations on May 4th '26

Patriot Bank, parkers banking operations partner, issued an official statement to clients confirming. Parker had raised $200M.

Source: Tech Crunch