The startup develops an optical character recognition (OCR) system that converts images of receipts into structured data, utilizing a proprietary tool to extract real-time product information from major retailers in Canada and the United States. This technology enables users to access valuable data sets related to their purchases, which are typically difficult to obtain.
Funding
$330K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
WEFounders
Product
Problem
Consumers often miss out on potential savings due to price drops after making purchases, whether online or in-store. Manually tracking prices across multiple retailers to claim price matches is time-consuming and inefficient.
Solution
Pricerazzi automates the process of tracking prices and claiming money back on purchases. Users can either forward their online shopping receipts to Pricerazzi or use the mobile app to submit photos of in-store receipts. Pricerazzi then scans the receipts, identifies the store and items purchased, and searches across a network of over 1,000 retailers to find lower prices. When a lower price is found within the retailer's price protection policy timeframe, Pricerazzi alerts the user with instructions on how to claim the price difference, including a "proof of lower price" package. Pricerazzi also offers price matching for flights booked through Expedia, searching for lower prices within 24 hours of the original booking.
Target Audience
Pricerazzi targets consumers who want to save money on their purchases without the hassle of manually tracking prices and claiming price matches, including online shoppers and individuals who make in-store purchases at retailers with price protection policies.
Features
- Automatic scanning of online receipts from supported email providers (Gmail, Outlook)
- Mobile app for submitting in-store receipts via photo capture
- Price tracking across a network of over 1,000 online and in-store retailers in the US and Canada
- Automated identification of price drops within retailer price protection policy windows (30, 60, 90 days, or lifetime)
- "Proof of lower price" package provided to users for easy price match claims
- Flight price matching for Expedia bookings within 24 hours of purchase
- Support for a wide range of product categories, including electronics, home appliances, furniture, toys, apparel, and more
- Email and in-app notifications when lower prices are found