Parker Fintech Files Chapter 7 Bankruptcy — YC-Backed Startup Raised $200M+ Before Collapse, Acquisition Talks Failed

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Parker, a Y Combinator-backed fintech offering corporate credit cards for e-commerce, filed Chapter 7 (liquidation, not restructuring) bankruptcy on May 7. The startup had raised $200M+ including a $125M lending arrangement. Consultant Jason Mikula reports failed acquisition talks triggered the abrupt shutdown. Assets and liabilities are both in the $50-100M range with 100-199 creditors.