Refundid is a fintech tool launched in February 2021 that aims to eliminate waiting times for e-commerce refunds. The product lets customers receive refunded cash quickly—co-founder and chief product officer Joel Aaron says funds can appear in about 30 seconds. The company was founded in July 2020 and began commercial activity six months before this raise. Refundid positions itself as a solution to a persistent friction point in online retail checkout and post-purchase experience. Its current financial development includes a recent $3 million financing round in equity and debt. The startup plans to use the funding to scale its instant-refunds capability across e-commerce merchants.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2021