Polish OTB Ventures led TurnKey Lender’s $10M funding round
TurnKey Lender, a global fintech startup specializing in AI-powered lending automation solutions, has raised $10 million during a funding round led by the Polish investment company OTB Ventures. Early backers, including Germany’s development finance institutions DEG and Vertex Ventures, also participated.
- Founded in 2014, TurnKey Lender offers a comprehensive B2B SaaS platform that automates every part of the lending process. The platform automates such processes as origination and underwriting, as well as load servicing, debt collection, and reporting.
- The company is headquartered in Austin, Texas, with an international team working from Singapore, London, Kuala Lumpur, Warsaw, and Kharkiv. It already works with over 200 client companies worldwide and has 50 million users in over 50 countries.
- The $10 million round was led by the Polish venture capital firm OTB Ventures. The fund typically provides Series A funding to early-stage post-production high-tech startups from the CEE region. In May 2022, OTB Ventures supported the $65 million Series A funding round for the Lithuanian fintech kevin.
- The fresh funds will enable TurnKey Lender to lead the trend of lending process automation systems in North America, Europe, and Southeast Asia.