Affirm Holdings, Inc., the payment network that empowers consumers and helps merchants drive growth, announced that it has completed its acquisition of Returnly, a leader in online return experiences and post-purchase payments.
“Today marks the beginning of a new chapter for Returnly, and we are thrilled to join Affirm”
“We are excited to welcome Returnly’s talented team to the Affirm family as we grow our network of consumers and merchants,” said Max Levchin, founder and CEO of Affirm. “We have demonstrated how Affirm can accelerate growth by helping merchants reach new customers and drive conversions. With Returnly, Affirm addresses the full shopping journey by enabling seamless return experiences that drive loyalty and satisfaction.”
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Returnly serves more than 1,800 merchants, has helped process more than $1 billion in returns, and has been used by over eight million shoppers.
“Today marks the beginning of a new chapter for Returnly, and we are thrilled to join Affirm,” said Eduardo Vilar, founder and CEO of Returnly, who has become Senior Vice President, Merchant Solutions at Affirm. “As part of Affirm, we will remain focused on delivering instant and easy return experiences while expanding our reach to more merchants and consumers.”
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The acquisition is not expected to have a material impact on Affirm’s second half fiscal year 2021 results of operations. Affirm plans to report third quarter fiscal year 2021 financial results after the market closes on Monday, May 10, 2021.
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