Parker filed for Chapter 7 bankruptcy, with multiple 2026 reports saying the company ceased operations without advance notice.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
Parker Group, Inc. is a New York-based fintech for e-commerce and other internet businesses. Its product suite combines the Parker Card, banking/treasury, bill pay, and real-time financial intelligence. Public marketing still describes the company as active, but credible 2026 reporting says Parker filed Chapter 7 bankruptcy and shut down in May 2026.
Primary product
Parker Card plus integrated banking/treasury and financial intelligence platform
Founded
2020
Headquarters
New York, New York, United States (mailing address: 135 W 29th St, 12th Fl, New York, NY 10001)
Team size
20-30
Industry
Financial Services
Sub-industry
Fintech for e-commerce / corporate cards, banking, spend management, and analytics
Offices
13 jobs at Parker
Business model
Stage
Late-stage venture-backed fintech; Series B plus debt/asset-backed financing
Total raised
$203M
Latest round
Asset-backed lending arrangement · Sep 2025
Latest amount
$125M
Asset-backed lending arrangement
Sep 2025
Nov 2024 · Valar Ventures
Debt financing / warehouse facility
Mar 2023 · TriplePoint Capital / Jefferies
Mar 2023 · Y Combinator / Valar Ventures
Mar 2023 · Valar Ventures and Y Combinator
Mar 2023 · Valar Ventures
Debt financing / lending facility
Mar 2023 · TriplePoint Capital and Jefferies
Leadership
Co-founder & CEO
Co-founder
Chief Financial Officer
Chief Risk Officer
President
Lean, fast-moving, high-ownership culture. Parker says it wants builders who think in first principles, question assumptions, care about craft, and ship across product, engineering, design, finance, and go-to-market.
Compensation
No public salary bands, equity details, or employee-benefit package were found on the public site. The careers page emphasizes impact and ownership rather than compensation specifics.
Pricing
Performance-based and quote-based; no public subscription pricing page found. Public materials say no monthly charges, no setup fees, no hidden fees/minimums, and repayment terms drive economics.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M
Estimated monthly visits
59K
Traffic estimate as of Mar 2025
Banking Dive · May 2026
Banking Dive covered Parker’s Chapter 7 filing, the failed acquisition process, and founder Yacine Sibous’s confirmation on X.
American Banker · May 2026
American Banker reported Parker shut down without warning, that sponsor banks notified customers, and that the company had pursued acquisition options before bankruptcy.
TechCrunch · May 2026
TechCrunch reported Parker filed for Chapter 7 bankruptcy and was widely reported to have shut down; it also noted customer-facing evidence of the shutdown and the company’s continued website presence.
Parker blog · Sep 2025
Parker said it had secured over $200M in funding, including up to $125M of new asset-backed lending, and planned to expand products, integrations, and strategic hiring.
Forbes · Nov 2024
Forbes covered Parker’s $20M Series B led by Valar Ventures, described its e-commerce focus, and cited customers such as Rebag, Untuckit, Caraway, and Pathwater.