Well-Funded Fintech Parker Files for Bankruptcy After Three Years

Parker Group, a $200 million-backed provider of corporate credit cards for online retailers, filed for Chapter 7 liquidation on May 7, 2026, just three years after launching. The company reported $65 million in annual revenue but listed assets and liabilities each between $50–100 million. The collapse underscores mounting pressure on alternative lending platforms as rising interest rates and shrinking profit margins strain startups in capital-heavy finance.