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Encore: Fintech’s free will

Fintech Beat

CHAPTER

Parabus - A Company That Automates Price Protection Claims

Parabus is a company that automates price protection claims. It would plug into your e mal e receipts, and then it would track prices over time. If the price on something you bought dropped, it would automatically use the a i apply for the refund for you. So we were literally selling money like free money. That'stahat's really interesting. The thing that drew me to it was, hey, you kind of have this unfair thing where these big companies are using big data to price discriminate and facically optimize how much people are paying. What about the consumer? And so that's the idea that really captured us.

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