M&A Deal Summary

Affirm Acquires Returnly

On April 21, 2021, Affirm acquired internet software and services company Returnly for 300M USD

Acquisition Highlights
  • This is Affirm’s 2nd transaction in the Internet Software and Services sector.
  • This is Affirm’s largest (disclosed) transaction.
  • This is Affirm’s 3rd transaction in the United States.
  • This is Affirm’s 3rd transaction in California.

M&A Deal Summary
Date 2021-04-21
Target Returnly
Sector Internet Software and Services
Buyer(s) Affirm
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Returnly

San Francisco, California, United States
website
Returnly is a provider of digital return experiences and post-purchase payments for direct-to-consumer brands. Returnly takes the product return risk and offers merchants a turn-key solution around its financial technology that includes return management tools as well as hosted and fully brandable end-customer touchpoints like package tracking, online returns and exchanges, and Green Returns. Returnly is based in San Francisco, California.

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Buyer(S) 1

Buyer

Affirm

San Francisco, California, United States

website

Category Company
Founded 2012
Sector Financial Services
Employees2,552
Revenue 1.3B USD (2022)
DESCRIPTION

Affirm is a financial technology provider looking to utilize technology to re-imagine and re-build core components of financial infrastructure from the ground up. Affirm was incorporated in 2012 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 PayBright

Toronto, Ontario, Canada

PayBright is a technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform. PayBright provides consumer financing for Canadian healthcare procedures that were not covered by insurance benefits. PayBright was founded in 2009 and is based in Toronto, Ontario.

Buy CA$340M
Mergr

Product

Company

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