The acquisition is now one of several Capital One has made in recent years to beef up its tech talent and offer more modern, innovative services to customers. The company was already working on a new product that would focus on credit card price protection, so that seems to be a likely next step for business. ![]() Paribus will not be shutting down following the acquisition, but instead will work along with Capital One to expand into new money-saving areas. ![]() We could not be more excited to supercharge our efforts within an innovative technology company, and are energized by a combined focus on building great technology for consumers.” “We chose to join forces with Capital One. “Like many startups that have grown as quickly as we have in one year’s time, we had many paths,” Glyman says. Paribus had over 700,000 users at the time of the deal, and co-founder Glyman says the team was happy with the direction and growth over the past year, though he would not speak to revenue details. “Our focus right now is on merging Paribus into the broader Capital One family, and adding the Paribus product into the broader set of technology and tools aimed at making people’s lives easier, like CreditWise and Second Look,” Lopez added. Card at Capital One, about why the company decided to snatch up Paribus. ![]() “We are incredibly impressed with the level of talent, the innovative technology that they have and are developing, and their steadfast mission to deliver effortless experiences for its users,” says Emilia Lopez, Managing Vice President, U.S. The startup has raised $2.22 million in outside funding to date and has a team of 12, all of whom are now joining Capital One. Paribus founders Eric Glyman and Karim Atiyeh are joining Capital One as Senior Directors in U.S. The service works with a number of online retailers, including Amazon, Best Buy, Walmart, Target, Bloomingdale’s, Macy’s, Bonobos, J.Crew, NewEgg, Costco, Staples, Kohl’s, and many others. When it finds one, it will then watch the item for a price drop within the store’s price match claim window. Paribus instead integrates with your email provider – like Gmail, Outlook, or Yahoo, for example – in order to scan your inbox for receipts of online purchases. Many retailers offer post-purchase price matches, but most consumers don’t bother to watch the prices fluctuate after they complete the checkout process. Launched in the Startup Battlefield at TechCrunch Disrupt NY 2015, Paribus’ idea was to automate the process of following up on past purchases to see if shoppers could request a refund from the online retailer. Deal terms were not disclosed, but the acquisition involves bring both the team and the technology itself to Capital One. ![]() Advertiser partners include American Express, Capital One, Chase, Card Ratings, Bilt, and Citi.Įditorial Note: Opinions expressed here are the authors or Deals Points alone, not those of the credit card issuer or airline, and have not been reviewed, approved, or otherwise endorsed by the credit card issuer or airline.Capital One is making another acquisition in the fintech space, this time snatching up the price tracking service Paribus, which helps online shoppers get automatic refunds when prices drop on items they purchased. This site does not include all credit card offers available in the marketplace, but rather focuses on travel-related cards. See our Advertising Disclosure for more information. Opinions and recommendations are ours alone. Deals Points and CardRatings may receive a commission from card issuers. The information provided is for informational purposes only and should not be considered financial, tax or legal advice.ĭeals Points, LLC uses reasonable efforts to maintain accurate information on the site - and prior to applying for any credit card offers found on, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position.Īdvertising Disclosure: Deals Points has partnered with CardRatings for our coverage of credit card products. Disclaimer: Deals Points, LLC and its website,, provides information on credit cards, reward programs, travel information, and ancillary information concerning travel and credit cards.
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