About Refundid
Refundid is a company based in Sydney (Australia) founded in 2020 by Joel Aaron, Brad Karney, Judd Katz, and Ilan Kessler.. Refundid has raised $15 million across 3 funding rounds from investors including Salesforce Ventures and AP Ventures. Refundid offers products and services including Instant Refund Service and Refundid for Retailers. Refundid operates in a competitive market with competitors including Loop Returns, Optoro, Reveni, REVER and Reshop, among others.
- Headquarter Sydney, Australia
- Founders Joel Aaron, Brad Karney, Judd Katz, Ilan Kessler
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
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Phone
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Website
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Social
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- Legal Name Refundid Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 3 rounds
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Latest Funding Round
$12 M (USD), Seed
Jul 18, 2022
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Investors
Salesforce Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Refundid
Refundid offers a comprehensive portfolio of products and services, including Instant Refund Service and Refundid for Retailers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables quick refunds for online returns without fees
Helps retailers integrate instant refund options for customers
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Funding Insights of Refundid
Refundid has successfully raised a total of $15M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $12 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $12.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Seed - Refundid | Valuation | Salesforce Ventures |
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| Sep, 2021 | Amount | Debt – Conventional - Refundid | Valuation |
investors |
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| Sep, 2021 | Amount | Seed - Refundid | Valuation | AP Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Refundid
Refundid has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Salesforce Ventures and AP Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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AP Ventures is focused on venture capital investments in decarbonisation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Refundid
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Refundid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Refundid Comparisons
Competitors of Refundid
Refundid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Loop Returns, Optoro, Reveni, REVER and Reshop, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Returns management solutions are offered for Shopify brands.
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| domain | founded_year | HQ Location |
Returned inventory is managed for e-commerce retailers via software solutions.
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| domain | founded_year | HQ Location |
Return management software is offered for e-commerce operations.
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| domain | founded_year | HQ Location |
Web-based solutions for e-commerce returns and refunds are offered.
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| domain | founded_year | HQ Location |
Return management solutions for e-commerce businesses are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Refundid
Frequently Asked Questions about Refundid
When was Refundid founded?
Refundid was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Refundid located?
Refundid is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Refundid?
Brad Karney is the current CEO of Refundid. They have also founded this company.
Is Refundid a funded company?
Refundid is a funded company, having raised a total of $15M across 3 funding rounds to date.
What does Refundid do?
Refundid was founded in 2020 in Sydney, Australia, as a provider of software solutions in the e-commerce sector. Tools are offered to businesses for managing refunds, allowing customers to choose return features and receive payments in real time. Integration with the Shopify platform enables merchants to accept, decline, or review pending and archived returns handled externally by the company.
Who are the top competitors of Refundid?
Refundid's top competitors include Loop Returns, Reshop and Optoro.
What products or services does Refundid offer?
Refundid offers Instant Refund Service and Refundid for Retailers.
Who are Refundid's investors?
Refundid has 2 investors. Key investors include Salesforce Ventures, and AP Ventures.