23 June 2017
Visit cib.db.com

Capital One acquires mobile price tracker Paribus

07 October 2016  |  9300 views  |  0 light bulbs

Capital One is continuing its fintech shopping spree, buying online price tracker Paribus for an undisclosed fee.

Conceived in a Brooklyn apartment two years ago, Paribus now claims 700,000 user of its service, which alert subscribers to price reductions on recently-purchased products on the assumption that merchants will match the price in a post-sale enquiry.

The acquisition expands Capital one's portfolio of mobile products and smart startup buyouts. The US company in the past two years has acquired a raft of small firms bringing innovative technology to bear on the customer experience, including Bundle, BankOns, Adaptive Path, Level Money and Monsoon.

Paribus has raised $2 million in startup funding to date, and its twelve-person team will continue to operate independently from its New York base post-acqusition.

"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," says Paribus co-founder and CEO Eric Glyman. "Within Capital One, we can supercharge these efforts."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Capital One UK hires Silicon Valley veteran as head of design

Capital One UK hires Silicon Valley veteran as head of design

22 June 2016  |  7283 views  |  1 comments | 3 tweets | 1 linkedin
Capital One opens 'Growth Labs' accelerator

Capital One opens 'Growth Labs' accelerator

18 May 2016  |  6135 views  |  0 comments | 11 tweets | 3 linkedin
Capital One to create 200 new tech jobs on relocation to Silicon Roundabout

Capital One to create 200 new tech jobs on relocation to Silicon Roundabout

05 May 2016  |  8850 views  |  0 comments | 13 tweets | 8 linkedin
Capital One integrates with Amazon Alexa for voice-powered payments

Capital One integrates with Amazon Alexa for voice-powered payments

14 March 2016  |  11798 views  |  0 comments | 17 tweets | 19 linkedin
Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

10 September 2015  |  13614 views  |  0 comments | 25 tweets | 19 linkedin
Capital One buys design and development specialist Monsoon

Capital One buys design and development specialist Monsoon

09 July 2015  |  9448 views  |  0 comments | 8 tweets | 7 linkedin
Power in numbers: Two Capital One staff charged for mining database to predict stock prices

Power in numbers: Two Capital One staff charged for mining database to predict stock prices

30 January 2015  |  9126 views  |  3 comments | 13 tweets | 10 linkedin
Capital One buys budgeting app Level Money

Capital One buys budgeting app Level Money

12 January 2015  |  7681 views  |  0 comments | 11 tweets | 10 linkedin
Capital One acquires user experience consultancy Adaptive Path

Capital One acquires user experience consultancy Adaptive Path

03 October 2014  |  14253 views  |  1 comments | 19 tweets | 24 linkedin
Capital One takes stake in ClearXchange

Capital One takes stake in ClearXchange

19 February 2014  |  5036 views  |  1 comments | 3 tweets | 2 linkedin
Capital One opens up APIs

Capital One opens up APIs

03 October 2012  |  8734 views  |  0 comments
HSBC sells US card business to Capital One

HSBC sells US card business to Capital One

10 August 2011  |  7785 views  |  0 comments
Capital One agrees $9 billion deal for ING Direct USA

Capital One agrees $9 billion deal for ING Direct USA

17 June 2011  |  7127 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit www.finastra.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8606 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
8429 views comments | 4 tweets | 5 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7729 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7597 views comments | 8 tweets | 25 linkedin
UBS dangles $200,000 carrot to woo startups to fintech challengeUBS dangles $200,000 carrot to woo startup...
6504 views comments | 12 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job