Affirm to Buy Returnly for $300 Million as Ecommerce Returns Spike During the Pandemic

Installment payment platform Affirm announced it is acquiring retail credit service Returnly for $ 300 million as ecommerce returns surge during the pandemic. The deal will give Affirm access to the more than 1,800 merchants that have signed onto Returnly, which simplifies returns processing for retailers by offering customers instant store credit before an item is…
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