CAPITAL ONE FINANCIAL CORP acquired Paribus for Not disclosed, a transaction announced in October 2016.
Paribus operates in Consumer fintech, is based in New York, New York, USA. Capital One acquired Paribus, a New York-based consumer service that tracks online purchases and automatically secures refunds for shoppers when prices drop after purchase. Paribus had more than 700,000 users at the time of the deal, and Capital One took on both the team and the technology. Terms were not disclosed. (Announced October 2016; no dedicated SEC filing located.)
Adds consumer-facing shopping and savings technology and engineering talent, part of Capital One's run of fintech tuck-ins to modernize its digital products.
A consumer-savings product with 700k+ users and a strong engineering team. Digital-product talent and consumer-savings technology. Team and technology absorbed into Capital One.
Advisory firms were not disclosed for this transaction.