Anthony Rassi's AI Agent PAP Automates Savings and Refunds
Anthony Rassi and Kamal Nahas developed PAP, an AI agent that scans emails to reclaim refunds and optimize savings, now valued at $20 million.
By leveraging AI to scan emails and claim refunds, Anthony Rassi's startup PAP! is transforming personal finance automation.
From Lebanon to Silicon Valley: Rassi's Journey
Anthony Rassi, a Lebanese-born entrepreneur and AI expert, co-founded PAP! with Kamal Nahas after identifying billions in unclaimed consumer savings—from price adjustments to flight compensations. Their early ventures, including a hackathon-winning feedback platform and a cross-border shopping solution, laid the groundwork for PAP!'s AI-driven approach.
How PAP! Works
PAP! connects to users' email inboxes, parsing receipts and purchase confirmations to identify refund opportunities. Unlike previous solutions, it dynamically interprets unstructured data across retailers, automating claims without user intervention.
- Key Features:
- Scans 300+ merchants for price drops and policies
- Files claims automatically, earning users ~$20/month on average
- Revenue model: Takes a cut of reclaimed refunds (no upfront fees)
Traction and Vision
Now part of Y Combinator's 2024 cohort, PAP! has raised $2.6M from investors like General Catalyst, reaching a $20M valuation. Rassi's next project, Linda, aims to optimize pre-purchase decisions, already saving users 19% in early tests.
"We want to abstract all [savings opportunities] away from consumers," Rassi says. "The AI agent automatically takes action."
Learn more: PAP! | Anthony Rassi
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About the Author
Dr. Emily Wang
AI Product Strategy Expert
Former Google AI Product Manager with 10 years of experience in AI product development and strategy formulation. Led multiple successful AI products from 0 to 1 development process, now provides product strategy consulting for AI startups while writing AI product analysis articles for various tech media outlets.