Tuesday, November 24, 2020

Credit Key Gets $33.85M

Los Angeles-based Credit Key, a startup which helps e-commerce merchants offer up instant point-of-sale financing to customers, has raised $33.85M in its Series A funding. The funding came from Greycroft, Bonfire Ventures, Loeb.nyc, and other investors. The startup--led by startup veteran John Tomich--integrates with e-commerce payment systems, appearing as a payment option at checkout. The company says it assumes credit risk and manages loan servicing for its e-commerce payment options, which are aimed not at the B2C market, but instead at the B2B payment market. Tomich was previously founder of Onestop Internet, which provided outsourced handling of e-commerce for major brands. More information »