The website was still up.
The banner still boasted more than $200 million in funding
The corporate card was still being marketed to e-commerce businesses. Behind that facade, Parker had already filed for Chapter 7 bankruptcy. The end came fast and without a public announcement, which is exactly how fintech collapses tend to happen.
What Parker was and how it ended up here Parker launched out of Y Combinator’s winter 2019 cohort and came out of stealth in March 2023, positioning itself as a financial platform for e-commerce businesses, according to TechCrunch. Its product was a corporate credit card with an underwriting model the company said was designed to properly assess e-commerce cash flows. The Series A was led by Valar Ventures, the firm co-founded by Peter Thiel.