Corporate Card Startup Parker Folds After Failed Acquisition

Corporate credit card startup Parker has apparently shut down after declaring bankruptcy. The company filed for Chapter 7 bankruptcy protection last week following a derailed $90 million acquisition deal, according to a social media post from founder Yacine Sibous . The move comes a little more than three years after Parker came out of stealth and seven years after the company’s graduation from Y Combinator’s (YC) winter 2019 cohort.