TurnKey Lender is an Austin, TX-based provider of an AI-powered, cloud-based lending automation platform that digitizes the entire loan lifecycle. Its end-to-end SaaS solution integrates origination, underwriting and decisioning, servicing, collections and compliance into a unified system. The platform targets financial institutions and fintechs, enabling improved workflows, operational efficiency and digital borrower experiences, and it serves a global customer base. Led by CEO Dmytro Voronenko and COO Elena Ionenko, the company said it will use the new funding to accelerate growth in the banking and embedded lending sectors and to speed product development. Management said the funds will also enable better service for financial institutions and brands seeking intelligent, digital-first lending infrastructure. The article discloses no revenue or user metrics and states the deal amount and instrument were not disclosed. TurnKey Lender offers an all‑in‑one SaaS platform that automates every part of the digital lending process using AI to support traditional, alternative, and embedded lenders. The company serves a diverse client base including fintechs, telecoms, retailers, medical and B2B lenders, and customers such as Esusu, Globe Telecom, and aMark. TurnKey Lender reports a footprint of 180 clients and 50 million end users across more than 50 countries, and cites a 126% net retention rate. Its software helps customers grow revenues by up to 50%. Founded in 2014, the company maintains offices in Austin, Singapore, London, Kuala Lumpur, and Warsaw. The business is pursuing sustainable growth and broader embedded‑lending adoption across North America, Europe, and Southeast Asia. Turnkey Lender is a Singapore-based cloud SaaS loan management system. Its platform employs machine learning and data analysis to understand and assess potential loan applicants. The solution is designed to handle loans ranging from small-scale to large-scale borrowers. As a cloud-based SaaS product, it focuses on automating loan underwriting and management through data-driven models. The company recently received a $2 million venture investment from Vertex Ventures. The article does not disclose additional operating metrics or future plans.

Total raised

$12M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2022