Fintech Startup Parker Files for Bankruptcy
Parker, a fintech startup offering corporate credit cards and banking services for e-commerce businesses, has filed for Chapter 7 bankruptcy. The company, which raised over $200 million in funding, now has assets and liabilities between $50 million and $100 million. Its website remains active but does not mention the shutdown, while its credit card partner Patriot Bank has confirmed the closure to customers.
Topics: bankruptcy corporate credit cards e-commerce funding startup