TurnKey Lender Raises $10 Million in Funding

by Kay Aloha Villamor in July 19th, 2022

TurnKey Lender, a global fintech B2B Software-as-a-Service (SaaS) company specializing in AI-powered lending automation solutions, closed a US$10 million new funding round. 

The investment round – a mix of equity financing and debt – was led by OTB Ventures, with the participation of early backers including Germany’s development finance institution DEG and Vertex Ventures.

The new funds will be used to take advantage of new opportunities in embedded lending adoption macro trends across North America, Europe, and Southeast Asia, following a sustainable growth trajectory.

Company: TurnKey Lender Inc.

Raised: $10.0M

Round: Unknown

Funding Month: July 2022

Lead Investors: OTB Ventures

Additional Investors: DEG and Vertex Ventures

Company Website: https://www.turnkey-lender.com/

Software Category: Lending Management Software

About the Company:  Founded in 2014, TurnKey Lender plays a part in the democratization of digital lending in developing and developed markets, and has become a leading provider of lending automation and embedded financing software globally. The company offers an all-in-one SaaS platform that automates every part of the digital lending process. TurnKey Lender has a worldwide footprint, with offices in Austin (TX), Singapore, London, Kuala Lumpur, and Warsaw, which serves 180 clients and 50 million end users in over 50 countries. TurnKey Lender’s software is used by traditional, alternative, and embedded lenders such as fintechs, telecoms, retailers medical, and B2B lenders, including Esusu, Globe Telecom, and aMark, allowing them to profitably grow their revenues by up to 50%, and demonstrating 126% Net Retention Rate.

Source: https://ffnews.com/newsarticle/turnkey-lender-raises-10-million-in-new-funding-round-appoints-christian-morales-as-chairman-of-the-board/

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