Credit Key nabs $115M in debt and equity

Payments
Written By Rick Watson

Credit Key is a B2B payment solutions company that allows merchants to offer an instant Buy Now, Pay Later function that is seamlessly integrated in any channel, including the e-commerce checkout, over the phone, or in-store.

The fact that debt is a component here is a big red flag for me.  This means Credit Key is going to be lending money in a rising interest rate environment and hope the terms of its own debt will be less than the terms it can lend to others.  All this in an industry which has historically not been great about collecting its debts.

Axios: Exclusive: BNPL provider Credit Key nabs $115M in debt and equity

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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