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