Capital One Bank Welcomes Paribus
Acquisition expands Capital One’s portfolio of mobile products
Capital One, NA announced the acquisition of Paribus.co, a New York City-based start-up that’s a leader in automating price protection guarantees for its users, helping people save time and shop with the confidence.
Paribus was founded two years ago by CEO, Eric Glyman, and CTO Karim Atiyeh. The company takes a simple approach to helping users effortlessly save time and money on online purchases. Paribus, with a growing base of more than 700,000 users, acts as an agent for its users – when prices change after purchase at a supported merchant, Paribus acts on their behalf to effortlessly secure price-drop refunds.
"At Capital One, we believe that everyone should benefit from simple, straightforward digital tools and technology that make their lives easier,” said Emilia Lopez, Managing Vice President of US Card at Capital One. "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."
The Paribus team will continue to be based in New York, and will continue to provide people with the same great, clear and simple service they’ve receive today.
“With Capital One, we feel a strong bond and a clear path to scale our engineering team and offerings significantly — all with the shared goal of improving people’s lives by providing simple, straightforward digital tools and technology that offer peace of mind,” said Glyman in a blog post announcing the news.