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TurnKey Lender provides lending software that automates and streamlines the lending process for financial services companies, particularly benefiting commercial lenders. Their software uses artificial intelligence to evaluate and score borrowers through both traditional and alternative methods, allowing for faster loan approvals, typically within 10 to 30 minutes, compared to the industry standard of three days. This efficiency gives clients a competitive advantage. TurnKey Lender operates on a software-as-a-service (SaaS) model, charging subscription fees for customizable access to their platform, which helps reduce operational costs and improve the customer experience by lowering loan application drop-off rates. The company's goal is to enhance the loan management experience while enabling businesses to grow and offer affordable loans.
Company Stage
Series A
Employees
51-200
Industries
Fintech, Financial Services
Total Funding
$24M
Headquarters
N/A
Founded
2014
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