Returnly, a San Francisco, CA-based company that works with retailers and brands to manage post-purchase payments, raised $8m in Series A funding.
The round was led by Mundi Ventures and The Venture City, with participation from and Novel TMT Ventures.
The company also secured a credit facility that will enable it to finance over $300m in orders per year made from CoVenture.
Led by Eduardo Vilar, founder and CEO, Returnly provides retailers and brands with a solution to streamline customer returns crediting them to return products via an online wallet.
The company partners with hundreds partners including Untuckit, Fanatics, GREATS and Outdoor Voices.