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LA-based Credit Key raises $33 million for its business-to-business payments platform – TechCrunch

Bringing to small businesses across the U.S. the buy-now pay-later model that transformed companies like Klarna and Affirm into billion-dollar businesses has netted the payment and lending company Credit Key another $33.85 million in funding. The Los Angeles-based company raised its latest cash from Greycroft, Bonfire Ventures, Loeb.nyc and other, undisclosed investors, the company said. Credit Key assumes the credit risk and loan servicing, and buyers can have a transparent payment plan with competitive interest rates, the company said. Credit Key said that it expects the e-commerce market to reach $1.8 trillion by 2022. “We anticipate continued momentum and we’re excited to assist small businesses as they work through the recovery and position themselves for the future.”

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