# Parker

> Parker was a New York fintech for e-commerce and internet businesses, combining a charge card with rolling repayment terms, banking services through partners, and financial analytics. Founded by Yacine Sibous and Milan Ray in 2019, it shut down in May 2026 and filed for Chapter 7 bankruptcy on May 7.

- **Founded:** 2019
- **Headquarters:** New York, United States
- **Founders:** Yacine Sibous (Co-founder and former CEO), Milan Ray (Co-founder)
- **Products:** Parker Card, Parker Analytics, Banking and treasury services, Bill pay
- **Notable:** Participated in Y Combinator Winter 2019., Publicly launched in March 2023 after serving hundreds of brands., Raised a $20 million Series B in November 2024.

## Products & services

- **Parker Card** — Historical charge card for digital businesses with performance-based underwriting and rolling repayment terms advertised up to 90 days; programme ceased in May 2026.
- **Parker Analytics** — Historical financial dashboards bringing sales, spending and profitability information together for online brands; promoted real-time P&L and contribution-margin visibility.
- **Banking and treasury services** — Historical deposit and treasury services supplied through banking partners, including Piermont Bank; Parker itself was a fintech.
- **Bill pay** — Historical bill-payment offering alongside cards and treasury management.

## Achievements

- Participated in Y Combinator Winter 2019.
- Publicly launched in March 2023 after serving hundreds of brands.
- Raised a $20 million Series B in November 2024.
- Founders were included in the 2024 Forbes 30 Under 30 enterprise technology list.
- Founder said Parker processed more than $1 billion in annualized volume before closure.

## Latest updates

- **2026-10** — Chapter 7 docket lists motions and objections concerning customer remittances and retention of funds; no outcome inferred from motion titles.
- **2026-05** — Parker ceased operations and filed Chapter 7 in Delaware on May 7, case 26-10694-MFW.
- **2025-09** — Promoted more than $200 million in financing, including an asset-backed lending arrangement of up to $125 million.

## Links

- Website: https://www.getparker.com
- LinkedIn: https://www.linkedin.com/company/getparker/
- Twitter/X: https://twitter.com/parker_hq
- Facebook: https://facebook.com/parkerecomm/

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Profile page: https://yespress.io/parker
Published by YesPress — https://yespress.io
Last updated: 2026-10-27