startups / fintech
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TechCrunch · United States · Parker, the YC-backed e-commerce fintech, files Chapter 7 after $200m raised and a failed acquisition
Reports Parker's Chapter 7 filing on May 7, 2026 in Delaware, two days before TechCrunch broke the story. Notes the company had raised $200m+, including a $125m lending arrangement, and disclosed $65m in revenue before collapsing. States the proximate cause was a failed acquisition worth approximately $90m that fell apart in final negotiations. Describes the abrupt shutdown: employees were notified on the day; no public statement was issued.
“Parker, which raised $200M and posted $65M in revenue, shut down abruptly after a $90M acquisition collapsed at the last minute.”