Parker

What Parker does

Parker Group, Inc. was a New York-based financial technology company founded in 2019 that operated a unified financial platform purpose-built for e-commerce and internet-first businesses. Its product suite comprised four core modules: Parker Card (a corporate Mastercard issued by Patriot Bank N.A. offering rolling 15/45/60/90-day terms and performance-based underwriting), Parker Treasury (an FDIC-insured high-yield business deposit account via Piermont Bank with up to 3.0% APY, 3.9% via the Meta Continuity Program), Parker Bill Pay (vendor payment with rolling terms, wires, ACH, and FX), and Parker Intelligence (real-time P&L, cash-flow forecasting, LTV/CAC and product profitability analytics). Parker also offered 'Parker for Platforms', an embedded-finance product for third-party distribution. The underlying technology was an API-connected performance underwriting engine that ingested live business data from Shopify, Amazon, Meta, Google Ads, QuickBooks and bank accounts to underwrite credit and deliver analytics, augmented by AI-powered transaction categorization, predictive cash-flow forecasting, anomaly detection, and ad-spend optimization.

Parker monetized primarily through Mastercard interchange and transaction fees (peak ~$65M annualized revenue on $1B+ payment volume), bill-pay transaction fees (2.4-3.25% per transaction on 45/60-day terms), and net interest margin on customer deposits held at Piermont Bank. Distribution was hybrid product-led-growth / inside-sales: customers applied online at apply.getparker.com for instant eligibility review, with a 'Growth Call' consultation for higher-volume scaling brands. Demand generation relied on owned digital channels (SEO, content, email, organic social) supplemented by a Meta co-marketing program. The company served 1,000+ scaling businesses across DTC e-commerce, Amazon/marketplace, performance-marketing agencies, SaaS and gaming, with cumulative capital of $203M raised from Valar Ventures, Y Combinator, Pathlight Ventures, and other investors via a $58M early-stage equity round, a $20M Series B (November 2024), and a $125M asset-backed lending facility (September 2025). Parker filed for Chapter 7 bankruptcy in the District of Delaware on May 7, 2026, after abruptly ceasing operations on May 5, 2026 when a nearly $90M acquisition deal collapsed.

Name

Parker

Legal name

Parker Group, Inc.

Website

https://getparker.com

Company type

Private

Founded year

2019

Operating status

Closed

Headcount range

1–10 employees

Short description

Parker was a New York-based fintech operating a unified financial platform — corporate credit card, high-yield banking, bill pay, and analytics — purpose-built for e-commerce and internet-first businesses, processing $1B+ in annualized payment volume across 1,000+ customers before its May 2026 Chapter 7 bankruptcy.

Ownership category

akta.pro rank

Product category

Corporate Credit Cards & Business Banking

NAICS

Credit Card Issuing (52221), Credit Card Issuing (522210)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Recurring Payments & Variable Recurring Payments (VRP) Enablement (FSAGACAJ), Card Issuing & Program Management Platforms (BPAMAFAH)

Keywords

• Corporate credit cards
• Business banking services
• Embedded finance platform
• E-commerce financial tools
• Bill pay software

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Card Interchange & Transaction Fees: Earned on every Mastercard corporate-card swipe via issuing bank Patriot Bank N.A.; peak revenue approximately $65M annually on $1B+ annualized volume.
2. Bill Pay Fees: Charged on outbound vendor payments through Parker's Bill Pay product, tiered by payment-term length (e.g., 45-day ~2.4%, 60-day ~3.25%).
3. Banking Net Interest Margin: Earned on customer deposits held at Piermont Bank; Parker passes up to 3.0% APY (3.9% via Meta Continuity Program) while retaining spread.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Parker (Parker Group, Inc.) operated a unified financial platform for e-commerce and internet-first businesses, combining a commercial Mastercard corporate card (Parker Card) with rolling 15-90 day interest-free credit terms, a partner-bank business banking account with high-yield APY (Parker Treasury), a bill pay product extending the same rolling credit to vendors (Parker Bill Pay), and a real-time financial intelligence and analytics dashboard (Parker Intelligence). The platform underwrote customers using live API-connected data from ad platforms, marketplaces, and accounting tools rather than legacy credit scores, enabling 10-20x higher credit limits.

Product overview

Parker Group, Inc. operated a unified financial platform — "the only banking platform built specifically for the internet economy" — composed of four tightly integrated core products (Parker Card, Parker Treasury, Parker Bill Pay, and Parker Intelligence) plus an embedded-finance module (Parker for Platforms) that lets third parties embed cards, banking, and credit into their own products. Parker Card and Parker Bill Pay share a single credit line with rolling 15/45/60/90-day terms and feed transactions into Parker Intelligence for real-time analytics; Parker Treasury sits alongside as the FDIC-insured operating and high-yield savings account provided through partner bank Piermont Bank with FDIC coverage expanded via IntraFi. Together these products replaced the traditional fragmented e-commerce finance stack (banking, corporate card, bill pay, and analytics) with one connected dashboard. (Note: the company filed for Chapter 7 bankruptcy in May 2026 and ceased operations.)

Differentiator

Problem solved

Functional benefit

Brands

• Parker Card: Corporate credit Mastercard issued by Patriot Bank N.A., offering rolling credit terms (15/45/60/90 days) and credit limits that scale with e-commerce business performance.
• Parker Treasury
• Parker Bill Pay
• Parker Intelligence

Products and services

• Parker Card A commercial Mastercard credit card issued by Patriot Bank N.A. that offers per-transaction rolling terms of 15, 45, 60, or 90 days, performance-based underwriting using real-time business data (Shopify, Amazon, QuickBooks) instead of legacy credit scores, 10-20x higher credit limits than traditional cards, unlimited virtual cards with flexible terms, and 2x rewards on spend. Designed for U.S. scaling e-commerce businesses.
• Parker Treasury A business demand deposit account provided in partnership with Piermont Bank (Member FDIC), offering up to 3.0% APY (up to 3.9% APY for Parker Meta Continuity Program members), up to hundreds of millions in FDIC coverage via partner banks and the IntraFi network, multiple sub-accounts with autosweeps, no minimums, and no hidden fees. For U.S.-incorporated scaling e-commerce businesses.
• Parker Bill Pay Vendor and supplier payment product that lets businesses use their existing Parker credit line to pay global vendors, including those requiring wires or ACH, with up to 60-day (45 or 60 day) rolling terms per bill, transparent flat fees, domestic wire transfers without bank fees, and international payments with transparent FX rates. For scaling e-commerce businesses.
• Parker Intelligence A real-time financial intelligence and analytics dashboard for e-commerce that connects directly to Shopify, Amazon, Meta, Google Ads, and bank accounts to deliver live P&L, cash-flow forecasts up to 90 days, product profitability analysis, contribution-margin tracking, LTV/CAC modeling, ROAS by platform, and ad-spend allocation recommendations. For scaling e-commerce businesses.
• Parker for Platforms Embedded-finance offering that enables other platforms to embed Parker cards, banking, and credit products directly into their own product experience. Targeted at SaaS and software platforms serving internet-first businesses.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature5 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Brex: Brex is the closest direct competitor: a corporate card and spend-management platform built for startups and e-commerce/SaaS businesses, with API-driven underwriting, bill pay, and high-yield treasury products. It competes head-to-head with Parker for the same scaling internet-business customer.
• Ramp: Ramp offers a corporate card plus bill pay, procurement, and expense management aimed at SMB and mid-market businesses, with deep accounting integrations. It directly competes with Parker Card, Parker Bill Pay, and Parker Treasury.
• Mercury: Mercury provides business banking, treasury, and (through partners) credit products targeted at startups and internet businesses. It directly overlaps with Parker Treasury and the broader 'financial OS for internet companies' positioning.

Broad incumbents

• American Express Business: Amex Business is a broad incumbent offering corporate cards and spend tools to SMBs and large enterprises. Parker explicitly positions itself as a higher-limit, internet-native alternative to Amex and is benchmarked against it in Parker's own marketing collateral.
• Capital One Spark: Capital One Spark is an incumbent small-business card offering cashback and credit, often cited as the legacy alternative Parker explicitly contrasts itself against on its marketing site.
• Stripe (Corporate Card / Issuing): Stripe's Issuing and corporate card products (via partners) serve internet businesses with API-first banking and credit infrastructure. It is a broad incumbent and infrastructure-level competitor to Parker's embedded finance and API-driven underwriting approach.

Emerging players

• Found: Found offers a self-employed banking and tax product and has expanded into broader small-business banking. It overlaps with Parker on high-yield business banking and integrated expense tooling for SMBs.
• Novo: Novo is a digital business banking platform for SMBs and freelancers with integrated invoicing, bill pay, and expense features. It competes with Parker Treasury and Bill Pay in the SMB e-commerce and online-business segment.
• Lili: Lili targets freelancers and very small businesses with banking, bookkeeping, and tax tools. It is comparable to Parker on the small-business banking side, though it focuses on the solo/small end of the spectrum.
• Pipe: Pipe offers revenue-based financing and embedded financial tools for SaaS and subscription businesses. It overlaps with Parker's 'performance-based' working-capital positioning for internet-first companies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/parkerecomm
• LinkedInlinkedin.com/company/getparker

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds5 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parker