Paribus integrates with users' email providers to scan inboxes for online purchase receipts and automatically files price‑match claims with retailers when items go on sale. The service works with about 20 major retailers, including Amazon, Best Buy, Walmart, Target, Bloomingdale's, Macy's, Bonobos, J.Crew and Newegg. Paribus takes a 25% commission on any savings it secures for users. The company reports roughly 50,000 customers, has saved its user base hundreds of thousands of dollars, and is on pace to protect over $100 million in purchases against price drops annually. Growth has been driven largely by referrals, with member growth in the double digits weekly since May, and the company recently launched an iOS app. Paribus is expanding its retailer footprint and categories (including home improvement and additional popular retailers) and plans to launch a credit‑card price‑protection product next year; the New York–based startup is a team of five expecting to double headcount and hire more engineers. Paribus is a Brooklyn-based startup that automatically tracks online purchase prices and files retailer price-match or coupon refund claims on users' behalf. Users authenticate their email provider (Gmail, Yahoo Mail, Hotmail/Outlook, or iCloud) so Paribus can scan receipts and monitor price changes across retailers. At launch it supports price tracking for 20 retailers, including Amazon, Best Buy, Walmart, Target, Bloomingdale’s, Macy’s, Bonobos and J.Crew, and it understands each store’s claim procedures. The system can also detect missed coupon codes and request the difference, with refunded money returned to the user's payment card. Paribus takes a 25% commission on any savings it finds and says it will never sell users’ data. Founded last summer by CEO Eric Glyman and CTO Karim Atiyeh, the company ran a beta with roughly 1,500 friends and family who saved over $10,000 combined. Paribus launched publicly at TechCrunch Disrupt NY, plans to expand its retailer coverage and user base, intends to release a native mobile app later this summer, and may work with credit-card cashback programs in the future.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Oct 2015