Today, we are proud to share that Paribus is joining forces with Capital One.
Within 16 months since our launch, more than 700,000 people have joined Paribus to get money back when prices drop. The technology that our team built lets shoppers enjoy the peace of mind that comes with knowing they will get the best price.
Now Paribus is taking the next step on its journey. As a part of Capital One, Paribus will have the resources to offer much more of the same great service to users, enrich our product, and grow our engineering team to support our rapid growth.
In May 2015, Paribus launched out of a living room in Brooklyn. We had a simple belief: saving money should be easy. So we built Paribus to make getting (and offering) the lowest prices effortless.
Today, our infrastructure processes billions of dollars in annual purchases, our product saves people significant time and money, and our user base continues to scale rapidly. Within Capital One, we can supercharge these efforts.
One technology company joining another
Not so long ago, Capital One was a start-up. The company has built its success on a foundation of strong values and consistently excellent performance. It’s a company that truly puts its customers first, and is constantly using data to better serve them.
We built Paribus with the belief that consumers deserve technology which works for them. As consumers face increasingly complex and frequent purchasing decisions, we are committed to building tools that work on their behalf to save them time and money. Capital One has been doing this since its inception and continues to make deep investments in technologies and teams that can leverage data to make a real and meaningful impact on customer lives.
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.
Accomplishing our mission matters.
Since day one, our focus has been on providing users with an effortless way to shop with confidence that they are getting a great deal.
We’ve been energized by the countless stories that we’ve seen over the past year from our users who have had the guesswork taken out of shopping. They know that if a price drops after purchase, Paribus will have their backs.
We’re proud of the difference that we’ve been able to make in customers’ lives and with Capital One, we have more confidence than ever in pursuing this mission.
How this acquisition impacts our team and investors
Everything we’ve built as Paribus we’ve built as a team, and we are excited that everyone will be joining us on the next part of our journey. We are deeply grateful to our investors, partners and advisors who believed in us. And to the many friends of the company, early users and supporters who took a chance on us and helped us share our story, thank you. We are deeply grateful.
Paribus users should expect the same great service they receive today. In the coming years, we look forward to building our brand, exploring deeper partnerships, continuing to build and design world-class products, and growing the team focused on helping people shop with confidence.
Eric and Karim