The post-purchase payment service secured $19m in a Affirm-backed series B round that took place three months after its $8m series A.

Online payment processor Affirm has taken part in a $19m series B round for Returnly, the US-based developer of a post-purchase payment system for product returns.

Venture capital firm Craft Ventures led the round, investing alongside the company’s existing backers, and Craft Ventures general partner Jeff Fluhr is joining the company’s board of directors in connection with its investment.

Returnly has developed an online platform that allows customers to use credit gained from returning items to complete other purchases before shipping…

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