Turnkey Lender

lendingother lending

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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TurnKey Lender Launches AI-Powered Credit Scoring Solution

MEDICI Analysis

Turnkey Lender is cloud based lending software that provides loan origination and loan underwriting services for various types of lenders from Peer-to-Peer (P2P) microfinance to global financial institutions. It helps lenders with a AI powered credit scoring system, an all-in-one platform and uses automation to filter out the unnecessary or risky propositions.

Focus

PRODUCTS & SERVICES

The company provides a SaaS based loan management platform that automates all stages of the lending life cycle – from application processing to collections and reporting. The platform automates the entire business processes to increases the efficiency and leverages AI technology to improve credit decision process. It offers software products such as Advanced lending software, loan origination software and loan servicing software.

REVENUE MODEL

The company follows SaaS based revenue model.

MAIN CLIENTS

Small and medium lenders

company provided insights

Traction

TRACTION COMMENT:

The company has served products and solutions to clients across 40 countries.

People

FOUNDERS

Dmitry Voronenko

Elena Ionenko

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Majuven

OSK Ventures International

OSK Ventures International Berhad

The Finlab

Vertex Ventures

Vertex Ventures Southeast Asia & India

WNISEF

KEY EMPLOYEES:

Dmitry Krivonosov (CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$3.02 M

DATE OF LAST FUNDING

Mar 2019

SEED & PRIOR FUNDING

$1.02 M

SEED CLOSED ON

May 2016

FUNDING SERIES

SERIES A  · $2 M  · Jul 2017

LISTED

NO

COMMENT

Won a cash prize of S$100,000 (US$70K) at the MAS FinTech Awards in 2016.

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