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Parker Files for Chapter 7 Bankruptcy With $50M–$100M in Assets and Liabilities

GateNews

2026-05-10 01:01:30

According to TechCrunch, Parker, a fintech startup offering corporate cards and banking services for ecommerce businesses, filed for Chapter 7 bankruptcy. The filing lists US$50 million to US$100 million in assets and the same range in liabilities, with 100 to 199 creditors. Parker’s shutdown followed customer notices from partner Patriot Bank, which had issued the business card accounts tied to the platform.

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