Affirm is acquiring the e-commerce returns management provider for $300m in cash and shares, two years after taking part in its series B round.
Financial technology producer Affirm Holdings agreed on Wednesday to purchase portfolio company Returnly, a US-based provider of payment processing services for e-commerce returns, for approximately $300m in cash and stock.
Founded in 2014, Returnly processes returns of online purchases, taking on the risk to ensure customers get a replacement product before they return the faulty one. It also provides returns management technology and services such as package tracking and green returns.
The company had raised just over $30m, including $19m…
