TurnKey Lender

AI-driven lending software for financial services

Austin, Texas, United States

About TurnKey Lender

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 overhead 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.

Austin, TexasHeadquarters
2014Year Founded
$18.5MTotal Funding
DEBTCompany Stage
Enterprise Software, FintechIndustries
51-200Employees

Risks

Increased competition from AI-driven platforms like Calyx and defi SOLUTIONS.
Potential over-reliance on OpenAI's Chat GPT for loan negotiations and collections.
Regulatory challenges in new markets like the UK and Ireland could pose compliance risks.

Differentiation

TurnKey Lender offers AI-powered end-to-end lending automation for digital lenders.
Their platform supports both commercial and consumer credit products on a no-code SaaS platform.
TurnKey Lender's software reduces loan application drop-off rates, enhancing customer experience.

Upsides

Increased adoption of AI in financial services boosts demand for TurnKey Lender's solutions.
The rise of embedded finance expands market reach for TurnKey Lender's platform.
Demand for faster loan processing aligns with TurnKey Lender's capabilities.

Funding

Total raised$18.46 M
Latest valuation$30.50 M
StageDEBT
DEBT
6/30/2022
$5
SEED
4/30/2016
N/A
$150.0 K
ANGEL
12/31/2014
$1
$5.00 M