Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Ecommerce

Returnly raises USD 19 mln for post-purchase payments

Friday 19 April 2019 | 01:15 PM CET

US-based post-purchase payments company Returnly has received USD 19 million in Series B funding round.

The round was led by Craft Ventures, with participation from Affirm and existing investors.

Returnly partners with retailers and brands to enable a streamlined post-purchase experience, allowing customers to use return credit before shipping the original order back. The company settles the new order in real-time, taking the product returns risk.

Returnly intends to continue integrating its platform with other reverse logistics, ecommerce, loyalty, and CRM platforms, including product expansion for omnichannel merchants. Earlier in 2019, the company has received USD 8 million in Series A funding, led by Mundi Ventures and The Venture City.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement