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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, 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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