TurnKey Lender

TurnKey Lender

AI-powered lending software automating loan management

Overview

TurnKey Lender provides an AI-powered lending software platform to streamline and automate loan management for financial services companies. It offers a cloud-based SaaS solution for lenders, enabling them to originate, underwrite, approve, and fund loans more efficiently. The product works by using artificial intelligence to evaluate borrowers with both traditional and alternative data, generate credit scores, and automate loan workflows, which speeds up disbursement to about 10–30 minutes—much faster than typical industry timelines. TurnKey Lender differentiates itself through its speed, customizable SaaS platform that supports a wide range of clients from startups to large enterprises, and its ability to reduce loan application drop-off while lowering operational costs. The company’s goal is to help lenders grow their loan portfolios by improving efficiency, cutting costs, and delivering a smoother borrower experience.

About TurnKey Lender

Simplify's Rating
Why TurnKey Lender is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

AI & Machine Learning

Financial Services

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$24M

Headquarters

Austin, Texas

Founded

2014

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Simplify's Take

What believers are saying

  • Sundance Growth invested in August 2025, funding product development and go-to-market expansion.
  • May 2026 news said TurnKey Lender earned top rankings across leading industry reports.
  • New hires in sales, accounting, support, and engineering signal continued commercial expansion.

What critics are saying

  • Headcount fell to 117 in April 2026, while hiring stayed flat year-to-date.
  • Banks can replace TurnKey Lender with core vendors adding AI and lending modules by 2027.
  • Platform complexity across 50+ countries creates integration failures, delaying deployments and renewals.

What makes TurnKey Lender unique

  • TurnKey Lender unifies origination, underwriting, servicing, collections, and compliance in one SaaS platform.
  • The 2026 platform adds generative AI Loan Assistant and 75+ preconfigured integrations.
  • Mastercard Start Path selected TurnKey Lender in 2025, validating embedded-lending distribution.

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Funding

Total Funding

$24M

Below

Industry Average

Funded Over

8 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
TurnKey Lender
May 14th, 2026
TurnKey Lender funding journey.

TurnKey Lender funding journey. May 14, 2026 Related solutions. Since its founding in 2014, TurnKey Lender has grown from a lending automation startup into a globally recognized AI-powered fintech platform, backed by a growing roster of international investors. 2017 - $2 million series A led by Vertex Ventures. TurnKey Lender closed its first institutional round in 2017, raising $2 million from Vertex Ventures, the venture capital arm of Singapore's Temasek Holdings. The funds were directed toward product development and expansion into new markets across Southeast Asia, including Indonesia, Thailand, and the Philippines. 2019 - series A1 round with OSK Ventures, Majuven, and Western NIS. Two years later, TurnKey Lender raised a follow-on round from a broader syndicate, including OSK Ventures, Majuven, Western NIS, and a returning investor Vertex Ventures. The undisclosed sum was used to deepen R&D, open a new office in Kuala Lumpur, and expand the company's footprint in the US, Europe, and Southeast Asia. 2021 - round led by DEG, joined by SEEDS Capital. In 2021, TurnKey Lender raised a new round led by DEG, Germany's development finance institution, with participation from SEEDS Capital - the investment arm of Enterprise Singapore, alongside existing backers. The company had tripled its ARR year-over-year at the time, driven by surging demand for lending digitalization stimulated by the COVID-19 pandemic. The investment was aimed at scaling embedded lending technology across both developing and developed markets. 2022 - $10 million round led by OTB Ventures. TurnKey Lender's largest round to date at the time happened in 2022. $10 million investment led by OTB Ventures with participation from DEG and Vertex Ventures. The round was a mix of equity and debt financing. It was focused on capturing embedded lending opportunities across North America, Europe, and Southeast Asia. Alongside the raise, Christian Morales was appointed Chairman of the Board, bringing over 40 years of experience at leading global technology institutions. 2025 - growth investment from Sundance Growth. Most recently, TurnKey Lender secured a growth investment from Sundance Growth, an equity firm specializing in B2B SaaS. Existing investors DEG, OTB Ventures, Minit Labs, Ritz Ventures Capital, SMRK, and others also participated in the round. The funding will accelerate product development, support expansion in banking and embedded lending, and help the company serve financial institutions seeking intelligent, digital-first lending infrastructure. About TurnKey Lender. Founded in 2014 and headquartered in Austin, TX, TurnKey Lender provides a cloud-based, AI-powered lending automation platform that enables lenders to digitize the entire loan lifecycle. The solution delivers decisioning, origination, servicing, collections, and compliance in one unified system, helping financial institutions and fintechs scale efficiently while staying compliant. Book an intro call with the TurnKey Lender team to start transforming your digital lending operations with the industry leader that serves a global customer base.

TurnKey Lender
Apr 30th, 2026
TurnKey Lender platform release notes.

TurnKey Lender platform release notes. April 30, 2026 Related solutions. Since its first product launch in 2014, TurnKey Lender has shipped a continuous stream of platform updates devoted to AI-driven credit decisioning, end-to-end loan lifecycle automation, and embedded lending across dozens of markets. TurnKey Lender Free Edition Launch, November 2017 TurnKey Lender introduced a free version of its SaaS lending platform to support financial inclusion in underdeveloped markets across the Asia-Pacific region. The solution provided small and mid-sized lenders access to AI-driven credit scoring, automated decisioning, and end-to-end digital loan management. This helped lenders reach more unbanked and underserved populations thanks to alternative risk assessment methods and scalable automation of lending processes. P2P Marketplace Lending System Launch, January 2018 * Launched a comprehensive Marketplace Lending System connecting borrowers and lenders * Automated AI-powered risk assessment and credit scoring * Full loan lifecycle management: origination to collections to reporting * Proprietary credit scoring models for automated risk assessment * Investor funds management with automated payment share calculations and disbursements * Consumer/Retail Lending Solution v6.3 October 2018 * Facebook and Google authentication for borrowers and investors * GDPR compliance with full user data control (optional UI for EU customers) * Holiday sliding: customizable rules for shifting repayment dates around holidays/weekends * Reorganized system menu with grouped navigation * Back-office investment management: add, modify, withdraw investments on behalf of investors * Batch import of repayments via XLS or CSV * Regional settings: country, currency, language * External services management: payment processing, email/SMS, document signing TurnKey Lender Psychometrics App Launch, March 2019 * Standalone psychometric assessment app for borrowers without credit history * Evaluates 12 personal trait dimensions: honesty, punctuality, responsibility, money management, confidence, risk likelihood, organizational skills, and more. * Tracks reading speed, impulsiveness, slider movement patterns, answer changes, and behavior patterns * Test completion and risk score delivery in as little as 6 minutes * Optional integration with other TurnKey Lender products for added decisioning layer TurnKey Lender v7.3 - Retail Financing & P2P Expansion, October 2020 * Full retail financing module: in-house financing, leasing, rent-to-own, dealerships, e-commerce, service providers * Built-in vendor management portal for e-commerce financing * Sales tax automation in compliance with regulations * Application fee and other initial payment support before disbursement * P2P module: granular credit product settings, investor portal, full ULM integration * Creditworthiness Class: single AI-driven metric aggregating scorecard, bank, bureau, anti-fraud, network, and geolocation checks * Automatic loan statement notifications with customizable templates * Loan Schedule History: view any loan at any past stage * Fee Ranges: multiple fee ranges per credit product for different borrower segments TurnKey Lender COVID-era Feature Update, July 2020 * AI-Powered Bank Statement Scoring as primary or supplementary scoring model * Business KPI Dashboard using machine learning for portfolio and staff performance * Borrower geolocation tracking and mapping via Gmap integration * AI-driven employee KPI and performance tracking * Loan restructuring: change duration, periodicity, calculation type, payment dates * Rollover, payoff, PTP, and grace period functionality updates * Customer rating system for collectors and underwriters * Full Borrower Portal coverage via public API including payments management * Loan migration tool: self-service import for customers and disbursed loans TurnKey Lender Paycheck Protection Program (PPP) Solution, April 2020 * End-to-end intelligent automation tailored to PPP lending requirements * Deployable within 1 business day * AI-driven credit decisioning with 2-minute pre-qualification * Pre-configured decision rules aligned to PPP/CARES Act conditions * Streamlined online PPP application form * Built-in regulatory compliance updates * Automated loan collection and payment alerts TurnKey Lender Mobile App Update - Face & Document Recognition, November 2020 * Face recognition built into mobile app * Document recognition built into mobile app * Streamlined 4-step borrower registration: email, ID upload, selfie, questions * Android device data analysis: phone usage, contacts, call/SMS patterns, apps, battery, roaming * Geolocation checks: GPS, IP address, travel habits * Behavioral analysis: typing speed, copy/paste detection, answer changes, impulsiveness * Anti-fraud and credit policy rules in decisioning flow * Open sanctions list check * Optional psychometric test integration TurnKey Lender v7.4 - Co-Applicants, Loan Offers & Retail Upgrades, January 2021 * Co-applicant/guarantor support * Loan pre-approval flow with soft checks and conditional offers * Underwriter ability to modify loan terms and send offer to borrower for confirmation * Custom loan offer expiry dates with automated reminders * Automatic loan term adjustments based on Creditworthiness Class via decision rules * Downpayment and pre-disbursement fee support (percentage, fixed, or range) * Two new disbursement models: provider-as-lender and platform-for-vendors * Multi-industry vendor support from a single account * Three configurable bank statement verification timing options * Borrower photo attachment on loan application via camera/webcam * Custom document list configuration in application form from back-office * Custom investor portal building via API * API-enabled loan aggregator support * Vendor public API * Advanced Plaid and Flinks integration for one-click payments and bank scoring * Extended Experian US integration: credit report, FICO score, full raw report, business rules * Welcome page and new loan creation disablement option via system config * One-click loan application navigation between workplaces * 200+ merge fields searchable by name and description for notifications * Permission-based export workplace for vendors To see TurnKey Lender in action, book an intro call and a demo of the solution that will fit your industry and use case best.

TurnKey Lender
Apr 29th, 2026
TurnKey Lender 2022: Year in review.

TurnKey Lender 2022: Year in review. April 29, 2026 Related solutions. In 2022, a major release brought a dedicated TurnKey Lender edition to Australian lenders. Industry recognition continued across the US, UK, and Singapore and the calculations engine received a significant overhaul. Product releases. TurnKey Lender v7.9 - the headline release of 2022 was v7.9 and it centered on two major themes. A fully pre-configured Australian market edition and a ground-up rebuild of key calculations engine components. The Australian Edition introduced pre-configured integrations with Equifax Australia, ID Matrix, Green ID, Illion, Zepto, Fat Zebra, SignNow, and Geoscape. It eliminated the custom integration work, previously required for Australian deployments. On the calculations side, the repayment modes constructor introduced fully configurable repayment priority logic. Zero balance revolving credit lines with multiple disbursements were added, along with special fees that sit outside the general payment schedule. Additional updates included soft pull pre-qualification, customer detail changelog, merge field lookup for document template creation, Avalara integration for automated US sales tax calculation, LoanPaymentPro payment processor integration, 100+ new Flinks scoring attributes, import dictionary for migrating existing business data, Canadian APR compliance, DocuSign pre-configured integration, improved back-office comment collaboration, and UI updates. Awards & recognition. * Winner - APAC Insider Singapore Business Awards 2022, "Management Software Provider of the Year". TurnKey Lender's Unified Lending Management platform won the Management Software Provider Award at the 2022 Singapore Business Awards. CEO and co-founder Dmytro Voronenko accepted the recognition on behalf of the company. * Cloud Excellence Awards - TurnKey Lender was named a finalist in the Best Cloud Automation Solution category at the Cloud Excellence Awards by Computing. The nomination recognized the company's Standard and Enterprise platforms for enabling lenders worldwide to digitize and scale their lending operations. * Top Performer - FeaturedCustomers Spring 2022, Loan Origination Software & Credit Decisioning. * Nominated - Benzinga Global FinTech Awards 2022, "Best New Product". TurnKey Lender's Standard platform was nominated for the Best New Product award at the annual Benzinga Global FinTech Awards, recognized for its one-stop AI-driven lending automation for businesses, governments, and NGOs. G2 - four quarterly designations. * Grid(R) Report for Loan Origination, Spring 2022 - High Performer * Grid(R) Report for Loan Origination, Summer 2022 - High Performer * Grid(R) Report for Loan Origination, Fall 2022 - High Performer * Grid(R) Report for Loan Origination, Winter 2022 - High Performer * Momentum Grid(R) Report for Loan Origination, Winter 2022 - Momentum Leader * Grid(R) Report for Loan Software, Winter 2022 - High Performer * Loan Software Relationship Index, Winter 2022 - Runner-up 2022 closed with TurnKey Lender's calculations engine more configurable than it had ever been, its Australian market presence strengthened through pre-built integrations, and its G2 presence consistent across all four quarters. The v7.9 release in particular reflected the company's approach of delivering out-of-the-box what had previously required months of custom development.

TurnKey Lender
Apr 20th, 2026
TurnKey Lender 2018: year in Review.

TurnKey Lender 2018: year in Review. April 20, 2026 Related solutions. 2018 was a defining year for TurnKey Lender. It included product releases, industry awards, market research recognition, conference appearances, and new partnerships. Here is an overview of what the year produced. Awards & recognition. 2018 brought an unprecedented level of formal industry recognition in multiple markets and award bodies. * Winner - Lending Awards 2018, "Best Technological Partner - International" The UK's only awards program comprehensively covering alternative lending, commercial finance, and mortgage industry recognized TurnKey Lender for its technical assistance to corporate, commercial, and consumer lenders. The gala ceremony took place November 8 at Hilton London Bankside, organized by Credit Strategy. Awarded at the largest gathering of credit industry representatives in London on October 11, the CEA recognized TurnKey Lender's lending automation and credit scoring solution for small and medium lenders. The 10-category awards are hosted by GTS Media, publishers of Credit Collections & Risk. Awarded at the IAFN gala dinner on September 13 at Park Plaza London Riverbank, this recognition specifically cited TurnKey Lender's work in automating credit scoring and risk assessment for the automotive lending industry. * Winner - US Business News Technology Elite Awards 2018, "Best Automated Lending Solution" US Business News named TurnKey Lender the best automated lending solution of 2018 in its annual Technology Elite Awards. * Winner - CorporateLiveWire Technology Awards 2018, "Excellence in Lending Software Services" Recognized for achievements in automated software solutions for small and medium lenders, with the award celebrating consistent positive performance and service quality in fintech. * Finalist - Computing Technology Product Awards 2018, "Best Software-as-a-Service Provider" Selected as a finalist, recognizing TurnKey Lender's contribution to the SaaS category within cloud solutions and business software. * Finalist - CEE Capital Markets & FinTech Awards 2018, "Best Lending Software" Selected as a finalist at the ceremony in Warsaw, recognizing TurnKey Lender's contribution to global financial inclusion and its AI-driven SaaS platform for small and medium lenders. * Finalist - BankNews Innovative Solutions Awards 2018, "P2P Lending Software" Recognized for the launch of TurnKey Lender's Peer-to-Peer automated market solution, described by the team as a comprehensive workstation for the full range of P2P lending scenarios. * Nominee - Benzinga Global FinTech Awards 2018 TurnKey Lender was among 150 companies and executives nominated across 10 fintech categories at the fifth annual Benzinga Global FinTech Awards. * Nominee - Biz 417 Excellence in Technology Award 2018, "Enterprise Technology" Nominated for this annual award recognizing innovative technology companies and their impact on the industry and IT community. Market Research & analyst recognition. Beyond awards, in 2018 TurnKey Lender was named in multiple independent market research reports. This served as a signal of market presence separate from customer reviews or award committees. * RnR Market Research - Digital Lending Platform Market Report TurnKey Lender was listed among the leading digital lending platforms globally, with the report covering loan origination, decision automation, portfolio management, risk and compliance management, loan management, and business process management across regions and segments. * Garner Insights - Loan Origination Market Report TurnKey Lender's loan origination software was listed among the top players in the market in a report covering cloud vs. on-premise solutions, market segmentation by product type and region, and a forecast to 2023. * Energias Market Research - Global Lending Software Market Report (October 2018) TurnKey Lender was profiled as one of the key players in the global lending software market. The report projected the global lending software market to reach $5.58 million by 2024 from $2.61 million in 2017, with loan origination software holding the largest share throughout the forecast period. * IDC / Worldwide Banking Software Market Report 2018 TurnKey Lender was listed among key players in fintech in the annual worldwide banking software market report, which covers market share, banking software applications, revenues, and forecasts across global financial market segments. * Singapore Business Review - Hottest Startups of 2018 TurnKey Lender was ranked number six among Singapore's fintech power players of 2018 by the Singapore Business Review, one of the most respected business publications in the country. Events & conferences. 2018 marked a significant expansion of TurnKey Lender's physical presence at industry events across Asia and Europe. * LendIt Fintech China 2018 - Shanghai TurnKey Lender's Anastasia Pona represented the company at one of the largest fintech expos in Asia, sharing lending industry insights and showcasing the platform to 2,500 fintech, banking, and investment executives from over 30 countries. * Singapore FinTech Festival 2018 - Singapore TurnKey Lender exhibited jointly with Hewlett Packard Enterprise at the Singapore FinTech Festival (November 12-16), one of the world's largest fintech gatherings with 45,000 participants from 130 countries. The companies shared booth 3G29. Co-founder Elena Ionenko led the TurnKey Lender delegation. * CNBC FinTech Brainstorming Session CEO Dmitry Voronenko was among 50 industry influencers invited to CNBC's annual fintech brainstorm organized in conjunction with the 2018 FinTech Festival. Voronenko's team won the audience vote for Best Pitch with a prediction that by 2028 currencies worldwide would be fully unified and digitized. * Innovfest Unbound 2018 - Singapore CEO Dmitry Voronenko participated in a founder panel discussion at Innovfest Unbound 2018, sharing details of his entrepreneurial journey and TurnKey Lender's development alongside other industry leaders. Partnerships. * Hewlett Packard Enterprise - TurnKey Lender announced a partnership with HPE to deliver its lending software on HPE ProLiant for Microsoft Azure Stack. The partnership was benchmarked at HPE's Customer Technology Centre in Singapore and publicly presented at the Singapore FinTech Festival. * Thomson Reuters - TurnKey Lender signed a partnership agreement with Thomson Reuters to integrate the World-Check Risk Intelligence solution into its platform, giving lenders direct access to country-specific and global data sources for AML and KYC screening. Product releases. * P2P Marketplace Lending System - the flagship release of 2018 was TurnKey Lender's comprehensive Peer-to-Peer Marketplace Lending System. It's a full-stack solution covering every step of peer-to-peer lending from loan origination through collections and reporting. The platform delivered full automation, AI-powered risk assessment, rapid loan approvals, borrower/investor matching, and investor funds management with automated payment share calculations. * Consumer/Retail Lending Solution v6.3 - The v6.3 update delivered GDPR compliance, Facebook and Google authentication, holiday-sliding repayment calendar settings, back-office investment management, batch import of repayments via XLS/CSV, regional settings, and reorganized system navigation. Final thoughts. 2018 solidified TurnKey Lender's international credibility across three dimensions simultaneously: * product quality recognized by independent bodies across Asia, US, and Europe * market presence confirmed by inclusion in multiple analyst reports * physical presence at the industry's most significant global events. The foundation built in 2018 set the trajectory for the accelerated growth and product expansion that followed in subsequent years.

MBA
Nov 1st, 2025
TurnKey Lender Appoints Mike Romano as SVP of Sales & Marketing

TurnKey Lender appoints Mike Romano as SVP of Sales & Marketing. TurnKey Lender, a leading provider of AI-powered lending automation software, is pleased to announce the appointment of Mike Romano as Senior Vice President of Sales & Marketing. TurnKey Lender, a leading provider of AI-powered lending automation software, is pleased to announce the appointment of Mike Romano as Senior Vice President of Sales & Marketing. In this newly expanded role, Romano will lead the company's go-to-market strategy across North America, uniting sales leadership with marketing excellence to accelerate growth and deepen relationships with financial institutions. Romano brings over two decades of experience in FinTech and B2B SaaS, with a proven track record of building high-performing teams and scaling revenue in complex enterprise environments. "TurnKey Lender [https://www.turnkey-lender.com/] is uniquely positioned at a time when lending is undergoing a fundamental transformation. The convergence of embedded finance, AI-driven credit decisioning [https://www.turnkey-lender.com/credit-scoring-software/] and enhancements, and the rise of non-bank lenders has created a demand for platforms that are both agile and deeply intelligent," said Mike Romano. TurnKey Lender's cloud-based platform automates the entire lending lifecycle, including origination, [https://www.turnkey-lender.com/loan-origination-system/] underwriting [https://www.turnkey-lender.com/underwriting-software/], servicing, collections, and compliance. The solution is used by banks, credit unions, FinTech's, and embedded lenders in more than 50 countries and has been recognized as a Leader by major analyst firms including Gartner, IDC, Everest Group, CB Insights, QKS group, and others. "TurnKey Lender's biggest edge is its ability to deliver a truly unified, low code/no code lending automation platform. Most competitors offer fragmented solutions that require costly integrations and long implementation cycles," Romano added. Speed-to-value, configurability, and embedded intelligence make TurnKey Lender a compelling choice for lenders who want to innovate without compromising compliance or operational efficiency. "Our platform was founded and designed on the premise of flexibility and future growth; this gives us a significant advantage," explained Romano. The expanded role of SVP of Sales & Marketing reflects TurnKey Lender's growth and increasing scale across North America and beyond. The move comes as the company scales its presence among banks, credit unions, and non-bank lenders seeking modern lending infrastructure. "The lending landscape is evolving rapidly. We're seeing traditional lenders, FinTechs, and brands that embed lending into their customer experience all moving toward digital credit journeys that are faster, more transparent, and deeply integrated," said Dmytro Voronenko, CEO and Co-Founder of TurnKey Lender. "By bringing our sales and marketing leadership under one strong umbrella, we're reinforcing our ability to stay even closer to our clients - understanding their unique challenges and delivering intelligently configured solutions that simplify compliance, accelerate onboarding, and unlock new revenue streams," Voronenko added. For TurnKey Lender's existing clients, this means faster response, stronger engagement, and an unwavering commitment to their success. For new clients, it means easier access to proven lending automation technology that combines speed, flexibility, and reliability. "Our goal is to make lending automation not just efficient, but user-centered- adoptable as a turnkey solution, adaptable as a future-ready platform, helping lenders serve borrowers with simplicity, speed, and intelligence," said Voronenko. Romano concluded: "TurnKey Lender is more than a technology company. It's a mission-driven organization that believes in financial inclusion, responsible lending, and empowering institutions of all sizes to serve their communities better. I'm honored to be part of that mission and to help shape the future of lending in the U.S. TurnKey has a phenomenal team and an industry-leading product that I'm excited to share with clients." About TurnKey Lender Founded in 2014 and headquartered in Austin, TX, TurnKey Lender provides a cloud-based, AI-powered lending automation platform that enables lenders to digitize the entire loan lifecycle. The solution delivers decisioning, origination, servicing, collections, and compliance in one unified system, helping financial institutions and fintechs scale efficiently while staying compliant. TurnKey Lender serves a global customer base. Visit www.turnkey-lender.com [https://www.turnkey-lender.com/] to learn more. Media Contact Company Name: TurnKey Lender Inc. Contact Person: Daniel Tomcala Email: Send Email [http://www.universalpressrelease.com/?pr=turnkey-lender-appoints-mike-romano-as-svp-of-sales-marketing] Country: United States Website: https://www.turnkey-lender.com/

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