TurnKey Lender
Category: AI in Fintech
An AI-powered, cloud-based lending platform that automates the entire loan lifecycle for creditors. TurnKey Lender was founded in 2014. The company is led by Dmytro Voronenko. Based in Austin, Texas, USA. Team size: 51-200. Total funding raised: $23M+. Latest round: Private Equity. Key investors include ["OTB Ventures","DEG","Vertex Ventures","SEEDS Capital","Sundance Growth"].
- Founded
- 2014
- Headquarters
- Austin, Texas, USA
- Team size
- 51-200
- Total funding
- $23M+
Value proposition
To provide an end-to-end, intelligent, and automated lending solution that reduces operational costs, minimizes credit risks, and accelerates time-to-market for new lending products.
Products and solutions
["TurnKey Lender Platform (Unified Lending Management)","Loan Origination Software","Loan Management Software","Debt Collection Software","Decision Management","AI-powered Credit Scoring"]
Unique value
TurnKey Lender's platform is a modular, all-in-one solution that automates the entire lending process, from origination to collection. Its use of proprietary AI and deep neural networks for credit decisioning, risk assessment, and fraud prevention makes it highly adaptable for a wide range of credit products.
Target customer
Traditional and alternative lenders, including banks, credit unions, non-profit lenders, and embedded finance providers in various sectors.
Industries served
["Commercial Lending","Consumer Lending","Embedded Lending / BNPL","Healthcare Finance","Leasing","Peer-to-Peer (P2P) Lending","Microfinance","Trade Finance","In-house Financing"]
Technology advantage
The core advantage lies in its AI-powered decision engine, which analyzes traditional and alternative data to produce accurate credit scores. This allows lenders to serve a broader customer base, including the unbanked and underbanked, while reducing non-performing loans. The platform's high configurability and quick deployment time provide a significant business advantage.
How they differentiate
TurnKey Lender differentiates itself through its AI-powered end-to-end lending automation platform. It offers a comprehensive suite of tools for loan origination, underwriting, servicing, and collection, all integrated into a single system. The use of AI and machine learning for credit scoring and decision-making is a key feature, allowing for faster and more accurate loan processing. The platform is also highly configurable and can be adapted to various lending products, including consumer, commercial, and microfinance.
Main competitors
["Cloud Lending Solutions","Sopra Banking Software","Finastra"]
Key partnerships
["Salesforce","Microsoft","Flinks (for financial data aggregation)","VoPay (for payment technology)","BankersLab (for training and simulation)","Mastercard Start Path","Integration partnerships with major credit bureaus, payment gateways, and communication services."]
Notable customers
["Zilingo","Meritrust Credit Union","US Black Chambers","SAMBAT Finance","H&R Block","GroverPay"]
Major milestones
["2014: Company founded.","2018: Launched a brand new TurnKey Lender's P2P Marketplace Lending System.","2019: Raised Series A1 funding.","2021: Secured a new funding round led by DEG to fuel global expansion.","2022: Closed a $10M Series B funding round led by OTB Ventures.","2023: Recognized as a leader in the IDC MarketScape for North American Consumer Lending Decisioning Platforms.","2024: Recognized as Leader & Star Performer in Everest Group LOS PEAK Matrix; named Representative Vendor in Gartner Market Guide for commercial loan origination.","2025: Secured growth investment from Sundance Growth to accelerate AI innovation and global expansion.","2025: Joined Mastercard Start Path program."]
Growth metrics
TurnKey Lender serves over 200 clients in more than 50 countries, with a 98.5% customer satisfaction rate. The company has experienced consistent revenue growth since its launch in 2014.
Market positioning
TurnKey Lender is positioned as a global leader in the B2B SaaS market for lending automation. It targets a wide range of clients, from traditional banks and credit unions to alternative lenders and fintech startups. The company emphasizes its ability to help lenders of all sizes digitize their operations, reduce costs, and improve efficiency. Its market position is strengthened by its focus on providing a unified and scalable solution that can grow with the client's business.
Geographic focus
TurnKey Lender has a global presence, with a strong focus on North America, Europe, and Southeast Asia. The company has offices in the US, UK, Singapore, and other locations to serve its international client base. Its solutions are designed to be compliant with the regulatory requirements of different regions, allowing it to cater to a diverse geographic market.
Patents and IP
Information regarding specific patents or IP is not publicly available.
About Dmytro Voronenko
Dmytro Voronenko is the Co-Founder and CEO of TurnKey Lender, a position he has held since the company's inception in 2014. He has extensive experience in the fintech and lending industries, with a focus on developing AI-powered solutions for lending automation, credit scoring, risk management, and fraud prevention. His leadership has been recognized with awards such as the Singapore FinTech Association's "FinTech Leader of the Year."
Official website: https://www.turnkey-lender.com/