Refundid
Refundid is a Sydney based start-up on a quest to solve one of the most pressing challenges in e-commerce.
Backed by
AP Ventures
Paul GreenbergRaised 3M HYBRID on September 2, 2021
About
Refundid is a fintech platform that provides instant e-commerce refunds, delivering customers' refunded cash in about 30 seconds via merchant integrations to streamline post-purchase returns.
Mission
Refundid is a fintech tool launched in February 2021 that aims to eliminate waiting times for e-commerce refunds. The product lets customers receive refunded cash quickly—co-founder and chief product officer Joel Aaron says funds can appear in about 30 seconds. The company was founded in July 2020 and began commercial activity six months before this raise. Refundid positions itself as a solution to a persistent friction point in online retail checkout and post-purchase experience. Its current financial development includes a recent $3 million financing round in equity and debt. The startup plans to use the funding to scale its instant-refunds capability across e-commerce merchants.
Quick Facts
Founded
2020
Funding
HYBRID
Industry
E-Commerce, Information Services
Team Size
11-50
Headquarters
Sydney, New South Wales, Australia
Careers
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No open roles at this time.
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