Fintech startup with Ukrainian founders, TurnKey, raises investments in Singapore
Fintech startup TurnKey, founded by Ukrainians, attracted investments in Series A round. Malaysian fund OSK Ventures International Berhad (OSKVI) acted as the lead investor, and Vertex Ventures SEA & India and Western NIS Enterprise Fund also participated in the round.
The company is global with headquarters in Singapore. The company has a R&D center in Ukraine. It was founded by Ukrainians Dmytro Voronenko and Olena Ionenko.
The company will spend the attracted investments on scaling, new products and global expansion, primarily to the USA, Europe, and Southeast Asia.
TurnKey offers an integrated lending automation technology based on artificial intelligence, with enhanced credit scoring, decision-making automation and loan management for various types of lenders starting from Peer-to-Peer (“P2P”) up to global financial institutions microfinancing. The loan management platform provided through the cloud automates all stages of the credit life cycle — from processing applications to collecting and reporting. It works on the SaaS model.
Today, a startup has clients in 27 countries around the world. These are banking and non-banking financial institutions that automate their services using TurnKey technology.
Let us recall, Allright.io, a startup founded by the Ukrainian, received $1.5 million investment.