Create custom credit products in a matter of clicks. It has a low entry price point. By continuing to use this website you will be agreeing to the website Instantly approve credit applications for your business customers and offer flexible lease and loan financing options. There are a few common features for the Borrower Portal that are missing but they have added them to their product roadmap for future release. We know how to simplify the process. TurnKey Lender | About Us - Unified Lending Management We're TurnKey Lender, the leading advocate for embedded lending and the only SaaS platform that automates all-digital lending operations and decisions. The Bank Term Funding Program (BTFP) is a lender of last resort facility. With this system, loan decisions can be made in under 30 seconds with superior decisioning quality. Learn more. I felt turnkey was the best solution for us long term and gave us a bit more than we need right now, but we have room to grow. Which funding types raised the most money? Turnkey Lender is based in Singapore and serves small and alternative lenders which include any lending sources outside of banks and traditional financing around the world. TurnKey Lender is a global Unified Lending Management leader. Alasdair is a FinTech and payments veteran with over 25 years of experience in sales management, strategy and general management. In 2019, Dmitry Voronenko was recognized as the FinTech leader of the year by, Elena is a FinTech entrepreneur with over twenty years of business development, sales, and management experience. With team members based across three continents and regional representatives in eight countries, the TurnKey Lender software is helping create fairer consumer and commercial lending climates in every country served. Co-Founder, Co-Founder, Operations, COO, Founder, Founder, Operations. While every team member shares a passion for modernizing the lending industry, we believe our strength lies in our differences. Love the true cloud-based approach. You can update your choices at any time in your settings. TurnKey Lender is a globally-recognized provider of risk mitigation, application, and decision management solutions and services. . Being within the responsibility of the project sponsor, there is no doubt, however, of the importance that financing has to the project. The joint investment of an undisclosed amount will be used for further expansion of TurnKey Lenders R&D and business development facilities, strengthening its market positions, promoting economic development in emerging markets, and scaling the digitalization of credit worldwide with intelligent lending technology. Out-of-the-box fraud checks and some limited loan application customization out of the box is nice. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. TurnKey Lender is an intelligent SaaS for automatic borrowers' evaluation, decision making and loan management automation. Simple setup for loan products and key integrations out-of-the-box make it easy to deploy and get running. The AI-based award-winning software automates the complete lending process for any business. The company caters to healthcare, government, nonprofit, finance, manufacturing, and other sectors. Funding, Valuation & Revenue 9 Fundings Turnkey Lender has raised $24.04M over 9 rounds. Having worked in business development across 3 continents, he brings with him a wealth of experience in dealing in multicultural environments and driving teams towards their goals. Before TurnKey Lender she worked on several successful products in Silicon Valley and founded two companies where at different times she headed up finances, sales, and marketing. Dmytro Voronenko, Ph.D. and Elena Ionenko co-founded the company in 2014. They often have more lenient eligibility requirements . Lending businesses are the first to experience the shift from the "free money" situation. With more than 20 years of visual communications behind his back, Justis leads TurnKey Lenders marketing in the EMEA & APAC regions. For the longest time, commercial lenders were forced to show marvels of ingenuity and perseverance in working with legacy and subpar lending technology. 1 Borrower applies online. In the world of digital lending software, you cant ask for a better team than our 100+ engineers around the globe. Nothing speaks better to the borrowers credibility than the structure of their income, their daily expenses, and their consumer behavior. For companies that needs a stable broker/application/fintech service, stay away from them and their solution. Prior to creating TurnKey Lender, our founders - Dmytro Voronenko and Elena Ionenko - spent several decades automating digital lending and credit scoring for large-scale organizations. Define Turnkey Loan. Tech Support is the first line of defense that is up 24/7 to help you overcome any technological challenges and goes above and beyond to help you run a smooth digital lending business. TurnKeyLender,aglobalfintechB2BSoftware-as-a-Service (SaaS) company specializing inAI-powered lending automationand risk-mitigation solutions, has raised a new funding roundled byDEGandjoined by SEEDS Capital, the investment arm of Enterprise Singapore, along with its current investorsVertex Ventures,OSK Ventures International, andMajuven. Learn more in our Cookie Policy. 3 Borrower signs the agreement in the borrower portal. With a portfolio of around EUR 8.5 billion in approximately 80 countries, DEG is one of the worlds largest private-sector development financiers. "If you're planning to spend less . Using AI-driven credit scoring, the TurnKey Lender software also combats bias in borrower evaluation. Overall the functionality has been a big positive. TurnKeyLender comeswith all the necessary integrations and proprietary functional modulesbuilt-in allowing tocomplete theloan processing,underwriting, origination, and disbursementprocessesin a matter of minutes. Type Christmas Tree Shops filed bankruptcy less than three years after being sold by Bed Bath & Beyond Inc . His pillars of customer support success include quick response, frequent updates, and timely issue resolution. In 2014, Dmytro and Elena decided to meet this pressing need and disrupt the digital lending industry status quo by providing a lending infrastructure that would allow creditors to launch and scale quickly, efficiently, and intelligently. From digital loan origination, alternative credit scoring and AI-based underwriting, to loan servicing, debt collection and compliance, weve got you covered. At TurnKey Lender, we are - and have always been - passionate about transforming and modernizing the embedded, alternative and traditional lending industries, and about catering our services to meet each customers unique needs. Instead of keying in paper applications, lets spend this time having client interactions, building that relationship. Our unified, all-in-one lending solution can digitally transform any business - offering clients worldwide more revenue, freedom and time. TurnKey Lender has a worldwide footprint, with offices in Austin (TX), Singapore, London, Kuala Lumpur and Warsaw, which serves 180 clients and 50 million end users in over 50 countries. ", "Before TurnKey Lender, everything was done separately and manually. . Research alternative solutions to TurnKey Lender on G2, with real user reviews on competing tools. All things have two sides, but in this matter, I will blame everything over on Turnkey. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm. This funding roundis a strong vote of confidence in our mission to technologically boost fair lending globally. We are excited to bring in a high-quality long-term investor like DEG which shares our mission and a common vision of transforming the future of embedded lending through our intelligent, intuitive, and turn-key software for crediting automation. The company designs and develops intelligent award-winning softwaresolutionsthat automate the entire lending processwith market-leading time-to-market. Their project managers, business analysts and customer support team members are quite knowledgeable and responsive. This site uses cookies to offer you a better browsing experience. 127 TurnKey Lender is a Texas-based SaaS platform that offers solutions such as AI-based lending automation, risk management, and debt collection for fintech and medical sectors. TurnKey Lender provides an end-to-end system that automates every step of the lending process, from the loan application and borrower evaluation to origination, underwriting, servicing, collection, reporting, compliance, and more. They were willing to build customizations on top of the box solution to meet our unique business needs. Offer individuals a loan marketplace to apply for small loans up to $100,000 for anything from a minor home repair to major purchases. TurnKey Lender is a global Unified Lending Management leader. So when the question arose, who can drive the development and delivery of enterprise-level projects, there could be no one better to fill that position. Steps of the Commercial and Consumer Lending Process You Can and Should Automate in 2023, How Much It Costs to Digitalize a Lending Business 2023. Justis is a natural tech leader with a keen understanding of the FinTech space and a marketing talent built upon extensive work and consultancy experience for recognized industry leaders and pioneering startups. Which investors participated in the most funding rounds. A turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product.This is contrasted with build to order, where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the assumption that the buyer would complete it. Prior to founding Turnkey Lender, Dmitry led three successful software start-ups that were serving Fortune 100 companies and leading banks across North America, Europe and Emerging Markets. TurnKeyLender provides Manufacturers, Distributors, and Resellers with bank-grade creditdecision automationfor equipment financing, industrial machinery financing, medical hardware financing, manufacturing loan options, andmore. (1) TurnKey Lender's intelligent automation of the entire loan management process allows for flexible loan disbursal and servicing. The box solution offers a lot of "turnkey" features for a lender. . It uses self-learning algorithms in powering lending businesses to make fast and accurate decisions. BrightFi is a financial technology company that provides digital banking services that help financial institutions and non-banks of all sizes who want to launch banking products, configure, test and deploy new products or digital brands at a fraction of the time and cost. the entire lending process. Privacy Policy. This site uses cookies to offer you a better browsing experience. There are quite a few pre-built integrations for credit pull, bank analysis, payment processing and e-sign. Free plan Subscription Free trial Pricing details Contact Turnkey Lender for pricing details. View all funding Compete with Turnkey Lender? site you are consenting to these choices. There were a lot of integrations with third-party software that keeps us from submitting things like ACH payments manually. School choice and school competition, educator incentives, the college premium, and other considerations help make sense of the investments and returns associated with education. Having worked in business development across 3 continents, he brings with him a wealth of experience in dealing in multicultural environments and driving teams towards their goals. According. And financing the project is, by definition, the most important action that the sponsor has, after having championed the development of the project charter. E-lending, Unified Lending Management, Lending-as-a-Service, and even lending automation are all fairly new terms to the market. We believe that embedded lending will soon be part of any customer relationship globally. One of the aspects that makes TurnKey Lender stand out among the competitors is the AI-driven Decision Engine that helps your business make the fastest and most accurate credit decisions possible. 2 Loan options are instantly generated. CBI websites generally use certain cookies to enable better interactions with our sites and services. He and his team research the market, analyze lenders needs, develop new features, and monthly roll out new TurnKey Lender versions that awe the client and leave competitors far behind. When you . This feature is in beta and may change with future updates. Over the years, TurnKey Lender has become a global B2B SaaS company that offers AI-powered lending automation and decision management solutions and services in 50+ countries and counting. Equipment library can be imported into the system and presented in the application form for purchase. It offers credit decision analytics, digital transformation, consulting services, etc. She often shares her expertise at industry events and in media. Vit is in charge of driving the TurnKey Lender Unified Lending Management solution and companys other products forward. Privacy Policy. Because this platform is designed to be a standardised lending capability, it can sometime prove difficult to expand the product beyond the readily parameterisable features. The price for automation and organization is not cheap. The system calculates loan rates automatically based on the risk evaluation calculated by advanced machine learning algorithms. AI-driven technology automates processes and approves loans quicker. Offer financing to vendors from the same interface where you work with individual clients and easily manage stores, dealers, and partners from an intuitiveinterface. Work with a variety of lending models including factoring, vendor finance, rent-to-own, lease-to-own, supplier financing, inventory financing, as well as fully custom credit products tailored to yourcustomers. Drop us a line to test it! This review was submitted organically. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit, General contact email for the organization, Diversity Spotlight (US Headquarters Only), Edit Lists Featuring This Company Section, AI-Driven Digital Lending Platform By Turnkey Lender Is Entering The UK And Ireland, Singapores TurnKey Lender Raises $10 Million in New Equity and Debt Funding, Southern US Companies With Fewer Than 1000 Employees (Top 10K), Enterprise Software Companies With More Than 100 Employees, Enterprise Software Companies With More Than 10 Employees (Top 10K). From loan origination, underwriting and booking to servicing, archiving and reporting - our lending management software caters to all your business lending automation needs. Our hope for TurnKey was to provide a full flow from customer application to settlement with improvement on our efficiency. Turnkey Lender is the only software platform available today that was designed to provide a truly holistic solution for entrepreneurial and mid-size lending institutions. It offers a perspective on growth for brands, banks, fintech, and credit unions with the technology and support. Full freedom to implement equipment-based loan originationthe way that suites your business. . You get a dedicated platform configured to yourexact specifications which is ready to start processing financing requests. These organizations may offer competitive interest rates for term loans or equipment financing. 1:52. Eliminate human error and operational inefficiencies. Allan brings an extensive background in technical support, process development, and management to the table. App Info Pricing Features Reviews Alternatives Integrations Turnkey Lender Reviews Overall rating 4.6 /5 31 Rating criteria Value for money Ease of use Features Customer support Likelihood to recommend 9.12/10 Reviews by rating 5 24 4 4 3 1 2 0 Active, Closed, Last funding round type (e.g. TurnKey Lender is a cloud-based AI-powered lending software that uses prediction, classification, clustering, and association in processing loan applications. This has been acheived to a high standard and realise how labour intensive our workload was prior to this. TurnKey Lender provides an intelligent all-in-one automated platform that addresses the needs arising at every step of the application/grant process. How's your operation handling it?, Venture Capital and Private Equity Principals, External Crunchbase Link for last round of funding, Join to see who you already know at TurnKey Lender. ", Scale and improve ROI with advanced reporting. For two consecutive years Elena is listed among the top 100 women in FinTech. https://lnkd.in/gaZvy7xS, The cost of going digital for a lending business depends fully on the prep work you do as a business leader. . The company has been operating independently since 2014, after it branched out from the Scorto Corp, a leader in credit processing for the retail lending industry. Alasdair was also the CRO of 2 start-ups, joining them after a cash influx to rapidly scale the companies. Prior to TurnKey Lender, Alasdair was the Head of Fraud for a prominent US and Israeli company which was acquired in 2021 by a publicly traded US company. TurnKeyLender is the market-leading provider of unified lending management, decision automation, and risk assessment solutions and services. The AI-based award-winning software automates the complete lending process for any business. Allan brings an extensive background in technical support, process development, and management to the table. I respect some of the workers there, but I will never ever again have something to with them again. The companys software is used by traditional, alternative, and embedded lenders in 50+ countries and allows them to make accurate credit decisions at every stage of the loan life cycle in real-time. 12 Jul 2023. TurnKeyLender has been tested and proven by some of the leading lenders worldwide to process and manage loans at scale and as an SME. Turnkey Lender is funded by 11 investors. Our processes were quite manual and our growing business needs could not catch up with this. To do that, our Business Analysts need to deconstruct the potential market, analyze the demands, the pains, the competitors, and the regulations. Rocket Your Earnings There was NO pros with this software at all, Slow system, not flexible, server crashed, no understanding. Having been on the front line of the company,I have seen first-hand the impressive development of the internationalclient list that the team can deliver in a dynamically growing and highly competitive environment. Microlenders. Turnkey Lender has proved to be a good solution to that problem. TurnKey Lender works with various lender types around the globe which range from enterprise-level international banks to local retail lenders. Borrowers can pre-qualify for a certain amount of funding before shopping in-store/online. Eugene has been in the team of the founders long before TurnKey Lender started. They have cost us so much money and we have had problems from day one. Qardio has unveiled its Livestream solution suite, revolutionizing healthcare by continuously monitoring ECG, Blood Pressure, Pulse Oximetry, Body Temperature . Small Consumer Lenders In-house Lenders Non-profit Healthcare Government Community Banks Factoring & Invoice Finance Manufacturers By Use Case Digital Onboarding Loan Origination Fraud Prevention Underwriting Loan Servicing Risk Management Debt Collection By Lending Segment Consumer Lending Auto Financing Consumer Lending Medical Lending Turnkey Lender allowed us to improve our processes and workflows after having to manage our loan program manually for months. Loan Servicing comes as part of an end-to-end tools suite that can be easily integrated with your core lending solution or be. Some of the set up was awkward. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. TurnKeyLender serves customers in 50+ countries, andas a pioneer in the development ofembeddedAI-basedsoftware for lenders,TurnKeyLender is quickly gaining traction within regions like the United States, APAC, and the EU. And we are happy to be joined by Enterprise Singapores SEEDS Capital due to shared alignment on the paramount role of Artificial Intelligence in lending digitalization and APAC expansion strategy. Not only is this digitization of the lending process far kinder to the environment, but it also frees up teams' time to focus on creative problem-solving and other revenue-generating aspects of their business instead of becoming impeded by repetitive manual work. Intelligent credit decisioning allows us to radically cut the number of fraudulent loan applications. The system is powered by proprietary deep neural networks and machine learning algorithms that allow for unmatched credit decisioning accuracy and overall security. About Turnkey Lender TurnKey Lender provides an end-to-end system that automates every step of the lending process, from the loan application and borrower evaluation to origination, underwriting, servicing, collection, reporting, compliance, and more. Monday insight from Dmytro Voronenko for you. ", "TurnKey Lender changed how our team works. These include Advanced Manufacturing & Engineering, Health & Biomedical Sciences, Urban Solutions & Sustainability, and Services & Digital Economy. 1 min read Singapore fintech startup lands series A1 funding from OSK Ventures, more OSK Ventures International, a Malaysia-based private equity firm, announced that it. 4 Trusted by clients in 50+ countries. Turnkey Lender's latest funding round was a Debt for $10M on July 14, 2022. English Espaol Portugus Franais Indonesia Use 'Google Translate' Using legacytechnologyto process financing requests, make credit decisions, select terms, and collect fundscauses businesses to lose out on market opportunity, allowing competitors to capture customers. Prior to using Turnkey Lender, we managed our loan program through Google Forms and spreadsheets. Intelligent end-to-end solution that automates parts or the entirety of the lending process, Inefficient workflows and inaccurate credit decisions. Support details What is TurnKey Lender? TurnKey Lender offers loan origination Software powered by proprietary AI-driven technology, machine learning algorithms, and deep neural networks. Abrigo's software automates processes from anti-money laundering to fraud detection to lending solutions. It serves financial technology companies, e-commerce platforms, traditional banks, and more. Turnkey Lender's latest funding round was a Debt for $10M on July 14, 2022. It helps lenders extend credit to the underbanked and unbanked while keeping risk to a minimum and running extremely low overhead. Prior to the start-up world, Alasdair spent 15 years in Corporate America in New York and Paris in various leadership roles in sales and strategy. In 2019, Dmitry Voronenko was recognized as the FinTech leader of the year by, Elena is a FinTech entrepreneur with over twenty years of business development, sales, and management experience. The Credit Risk and the Product teams are the ones behind this truly sophisticated and practical machine learning engine. Their existing platform already offers a wide range of functionality, but further improvements to the product may come at a steeper price. . TurnKey Lender supports numerous credit products out of the box both commercial and consumer on the same flexible SaaS platform. Price Range. https://ow.ly/j73n50P6Hh9, When you lift the burden of paper from a lending operation, it gets a fresh breeze in its sails. The Engineering team then uses the data provided by the Business Analysts to turn specifications into working software. Adam Niewinski, Co-founder and Managing Partner of OTB Ventures said: OTB Ventures, we are proud to be leading this oversubscribedfinancing round for TurnKey Lender. Prior to founding Turnkey Lender, Dmitry led three successful software start-ups that were serving Fortune 100 companies and leading banks across North America, Europe and Emerging Markets. The worst system/platform I have ever worked with. The TurnKeyLender Equipment Financing Platformallows you to focus on your companys core business. Designed with the latest design best-practices in mind, TurnKey Lender exceeds regulatory requirements for data security, going above industry standards with SOC 1 and SOC 2 Type II compliance reports, the globally recognized PCI DSS and ISO 27001 certifications, and more. Lending to businesses requires complex underwriting and paper-based documents. Once it is, it will have no mention of TurnKey Lender, and will match your business brand while providing your clients and employees with the award-winning experience developed and supported by our team. He will also build on TurnKey LendersAI-powered and fully automatedtechnology, continuing to enable brands to finance their own clients with a fully automated embedded lending platform. So when the question arose, who can drive the development and delivery of enterprise-level projects, there could be no one better to fill that position. Total Funding $3.3 M Company summary Overview Turnkey Lender is a SaaS company that provides AI-powered lending automation and decision management solutions. 3 Clients report operational efficiency boost of over 280%. The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations. Turnkey Lender's deal structure is available for 2 funding rounds, including their Series C from July 14, 2022. Sure you're not making at least one of them? If you can provide the sales leads, then Turnkey Lender can complete the process for you. Instalment plans, leases, personal and business loans requirea system able to handle differentbusiness logics, scoring models, and lending types. Sales financed by a third-party lender where you have to share up to 7%ofthe check as well as pay other fees,while giving up control over customer and business data. The funds will be used to take advantage of new opportunities in embedded lending adoption macro trends across North America, Europe and Southeast Asia, following a sustainable growth trajectory. A CRM & Loan Origination Software platform for private lending commercial brokers & lenders . AI-powered decisioning algorithms and machine learning help you automate and streamline your credit processing - and make smarter, faster loan decisions, Access in-depth risk scoring, borrower evaluation, decision rules checks, loan agreement generation, loan offer management, and more, Quickly and easily integrate your TurnKey Lender solution with 75+ accounting systems, credit bureau, KYC/AML, payment and notification providers, Create hyper-flexible credit products with complex schedules, fees, taxes, interest and configurable rules, and auto-generate loan statements, Automate configurable or pre-defined dynamic reports, and unlock unparalleled insights in seconds, Automate and optimize your debt collection operations with AI-driven collection priority, delinquency buckets, configurable collection strategies and conversation scripts, A collateral module to make every type of secured lending fast and easy, including assets valuation and re-evaluation, Save hours of time by importing data (including payments, users and loans) in batches, Setting up automatic loan origination process that meets your requirements in 2023, (Updated!) From origination and underwriting, to servicing, collection, and reporting, our software automates every step of the lending process. View contacts for Turnkey Lender to access new leads and connect with decision-makers. What other business leaders have to say about TurnKey Lender. -Track & compare offers from numerous lenders & investors-Turnkey & customizable Loan Origination Software loaded with features Alasdair is a FinTech and payments veteran with over 25 years of experience in sales management, strategy and general management. But we've got your back, no worries. Rahul leads the channel partnerships for TurnKey Lender. Our high-level and in-depth reporting functionality makes it easy to identify areas of weakness, action necessary changes and stay ahead of your competitors. His strength is in building strong teams for customer support and training them to be advocates for our customers.
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