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Paribus is an increasingly popular app among shoppers searching for ways to save money online. Established by three Harvard graduates - Eric Glyman, Karim Atiyeh and Michael Kao - in 2014, Paribus has grown incredibly in its usage among these shoppers. 

One of the co-founders was inspired to develop this app after realizing that a product he had recently purchased online had dropped significantly only days later, prompting him to think up an idea: an application that could automatically refund price drops without forcing consumers to monitor prices themselves.

Paribus works by scanning an email inbox for receipts from online purchases, tracking their prices and notifying the user if their price drops within a retailer's price adjustment policy period. If eligible, Paribus will help the user claim his or her refund from retailers while taking a percentage as its fee.

Capital One acquired this app in 2016, and since then, its user base has continued to increase, with millions of active users across America.

Paribus provides more money-saving features beyond its core price tracking and refund feature, such as delivery tracking - alerting users if their package has been delayed or lost - and travel booking monitoring, enabling users to get refunds or credits when flight or hotel price drop occurs. Overall, Paribus has proven itself an invaluable tool for consumers attempting to save money on online purchases and has significantly simplified the process of tracking prices and receiving refunds.

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