San Francisco based ecommerce payment creditor has raised $19m Series B funding led by Craft Ventures with participation form Max Levchin.
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A Max Levchin-Backed Startup Raises $19 Million To Tackle Online Returns
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The company, which works with thousands of retailers like Rothy’s, Untuckit and Fanatics, was launched in 2016. The first return it processed came from a customer who spent $75 on foundation, sight unseen, and wound up with the wrong shade for her skin tone. She was issued instant store credit, which she then used to buy the foundation in a different shade, in addition to throwing in a lipstick.
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