Parker
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.
- Company typePrivate
- Founded2019
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
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.
Parker firmographics
Firmographics- 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
Parker industry classification
Industry- 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
Where Parker is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Parker business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- 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.
- 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%).
- 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
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Corporate Card — 45/60/90-day term pricing |
| Transaction based/ take rate | Pay-as-you-go | Bill Pay — Term-based fees |
| Other | Monthly | High-Yield Business Banking — APY |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Parker product offering
Product offeringCore 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.
Companies that use Parker
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Parker technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability6 records
Feature5 records
Parker partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
Parker competitors and assessment
Company assessmentDirect 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
Parker social profiles
Digital presenceParker compliance and trust
Trust signalCompliance2 records
Parker financial estimates
Financial estimateRevenue estimate
Valuation estimate
Parker leadership team
Management profileNumber of profiles
Parker funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Parker M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Parker
What does Parker do?
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.
Is Parker a public or private company?
Parker is a private company. It is classified as venture growth investor backed and is currently closed.
When was Parker founded?
Parker was founded in 2019. It employs 1 to 10 people.
Where is Parker based?
Parker is headquartered in New York, United States, in the North America region.
How does Parker make money?
Three revenue lines are on record. Card Interchange & Transaction Fees are the primary driver. The others are bill Pay Fees and banking Net Interest Margin.
Who are Parker's main competitors?
Direct peers on record are Brex, Ramp and Mercury. Broad incumbents are American Express Business, Capital One Spark and Stripe (Corporate Card / Issuing). Emerging players are Found, Novo, Lili and Pipe.
Does Parker have an API?
Yes. Parker offers a "Parker for Platforms" embedded finance product that enables partners to embed cards, banking, and credit into their own products. The company's technology relies on API connections to third-party platforms (Shopify, Amazon, QuickBooks, Meta, Google Ads, bank accounts) to ingest real-time business data for performance-based underwriting and unified financial intelligence. Specific API endpoints, authentication, rate limits, and versioning are not publicly described.
What industry is Parker in?
Parker's product category is Corporate Credit Cards & Business Banking. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of FSAGACAJ, Recurring Payments & Variable Recurring Payments (VRP) Enablement. Its NAICS code is 52221 and its SIC code is 6199.