Refundid raises $3 million for tech turning BNPL model on its head

Instant-refunds startup Refundid has secured $3 million in equity and debt funding just six months after launching, as it gears up to eliminate a lingering point of friction in e-commerce.

The round was led by AP Ventures, the venture capital fund backed by Aussie buy-now, pay-later giant Afterpay. E-commerce veteran Paul Greenberg, who also founded the National Online Retailers Association, also invested and will join Refundid’s advisory board.