StageDebt | Alive
Last Raised$10M | 8 mos ago
About Turnkey Lender
Turnkey Lender offers AI-powered end-to-end lending automation for digital and embedded lenders. From origination and underwriting, to load servicing, debt collection, and reporting the company’s software can intelligently automate the entire lending process. The company supports numerous credit products out of the box – both commercial and consumer – on the same flexible no-code SaaS platform. Turnkey Lender was founded in 2014 and is based in Austin, Texas.
Turnkey Lender's Product Videos
ESPs containing Turnkey Lender
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
These companies streamline and automate different parts of the loan and mortgage processing lifecycle. The loan lifecycle typically takes weeks to close and requires a great deal of paperwork as well as manual intervention. However, today’s banking customers expect the loan application process to be faster and digital. This is where loan and mortgage automation solutions step in to automate the ap…
Turnkey Lender named as Highflier among 12 other companies, including Kofax, ABBYY, and Zest AI.
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Turnkey Lender's Products & Differentiators
TurnKey Lender Platform
TurnKey Lender is a loan management system that enables businesses in 50+ countries to offer fair and accessible credit to tens of millions of their borrowers. The company’s key product is a one-stop lending automation platform that easily handles automation of both B2B and B2C credit processes for embedded, alternative, and traditional lenders TurnKey Lender Platform has several pre-configured solutions packages including: Commercial, Consumer, Pay Later, Mortgage, Factoring.
Research containing Turnkey Lender
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CB Insights Intelligence Analysts have mentioned Turnkey Lender in 1 CB Insights research brief, most recently on Jun 1, 2021.
Expert Collections containing Turnkey Lender
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Turnkey Lender is included in 6 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Latest Turnkey Lender News
Nov 30, 2022
Over 50 million borrowers around the world work with traditional, alternative, and embedded creditors who use TurnKey Lender Platform to digitize all parts of their operations. Now, the company reveals a host of market-specific integrations and features for the United Kingdom. The platform will allow lending businesses in the UK to benefit from the same end-to-end automation, configurability, AI-based credit scoring, and enterprise-grade reporting as the rest of TurnKey Lender’s global community. Dmytro Voronenko Ph.D., CEO and co-founder of TurnKey Lender comments – “We’re very excited that our platform enters the UK’s digital lending space. Apart from our award-winning AI-driven automation, we bring a set of meaningful integrations and tailor-fit configuration options. We look forward to working with more creditors in the UK to help them cut costs, reduce risks, grow their portfolios, and provide borrowers with finance on better terms.” Through an in-depth R&D process and collaboration on the new features with select clients, TurnKey Lender’s team ensured the platform caters to the needs of UK lenders out of the box. TurnKey Lender lets lenders automate all parts of their consumer or commercial finance from a single intuitive cloud-based solution. It provides UK’s and Ireland’s businesses access to an advanced, AI-powered lending automation and decision management solution that allows lenders – as well as other companies that offer financing – to utilise intelligent and efficient automation to simplify their entire lending management process. Just some of the important additions include: Loan application workflow and form fields are adjustable and tailored to the consumer lending standards of the UK market Decision engine analyses UK credit bureau and bank statement data and utilises it in instant AI-driven credit scoring Plug-and-play integrations with local data providers for bank statement scoring and account verification, credit bureau reporting, instant e-signature for loan documents, SMTP email correspondence, etc.
Turnkey Lender Frequently Asked Questions (FAQ)
When was Turnkey Lender founded?
Turnkey Lender was founded in 2014.
Where is Turnkey Lender's headquarters?
Turnkey Lender's headquarters is located at 901 S MoPac Expressway, Austin.
What is Turnkey Lender's latest funding round?
Turnkey Lender's latest funding round is Debt.
How much did Turnkey Lender raise?
Turnkey Lender raised a total of $24.04M.
Who are the investors of Turnkey Lender?
Investors of Turnkey Lender include Vertex Ventures, DEG, OTB Ventures, Majuven, OSK Ventures International and 7 more.
Who are Turnkey Lender's competitors?
Competitors of Turnkey Lender include Nymbus, Nikel, LoanWell, LoanPro, nCino and 10 more.
What products does Turnkey Lender offer?
Turnkey Lender's products include TurnKey Lender Platform .
Who are Turnkey Lender's customers?
Customers of Turnkey Lender include National Iron Bank, Globe Telecom, Zo Financial and The U.S. Black Chambers.
Compare Turnkey Lender to Competitors
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Mambu is a SaaS banking platform that powers digital financial services, providing flexible banking architectures that allow its clients to operate like tech companies rather than banks. Its sustainable, composable approach allows independent engines, systems, and connectors to be assembled and re-assembled in any configuration to meet business requirements and the ever-changing demands of customers. The company serves banks (both big and neo), lenders, fintechs, telcos, and retailers. Mambu was founded in 2011 and is based in Amsterdam, Netherlands.
Finastra, formed by the merger of Misys and D+H, provides a range of financial services, treasury, lending, and banking software solutions to bank and financial institution clients, providing both in-house and cloud-based tools.
Nymbus provides a secure, cloud-based, product that includes all of the mission-critical functions financial institutions need to build their businesses. Its platform enables financial institutions to effectively respond to a pre-integrated solution that includes an entire core platform with all digital channels and payments to service their customers and members. The company was founded in 2015 and is based in Jacksonville, Florida.
Numerated makes it easy for businesses to purchase financial products from banks. Its digital lending and sales platform allows banks to create convenient digital application, digital account opening, and digital lending experiences enabled by rich data integrations. In addition, Numerated provides credit pre-screening and core data analysis tools to help banks fuel more targeted sales and marketing campaigns. It is based in Boston, Massachusetts.
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