The May 7 filing lists $50 million to $100 million in assets and liabilities and between 100 and 199 creditors, as customer messages from partner Patriot Bank indicated operations had stopped.
Reports said failed acquisition talks triggered the abrupt shutdown, leaving small business e-commerce customers scrambling and prompting questions over oversight by banking partners Patriot and Piermont.
The Y Combinator winter 2019 startup had raised more than $200 million, including a $125 million lending arrangement, and its chief executive recently said it had reached $65 million in revenue.
Is Parker's collapse a startup failure or a symptom of a much larger crisis in bank oversight?
What fatal flaw made an acquirer abandon a $90 million deal for Parker at the last minute?