Turnkey Lender
TurnKey Lender is an Austin-based SaaS company providing an AI-powered, end-to-end lending automation platform with proprietary deep neural network decisioning, serving banks, fintechs, lenders, and non-lending enterprises across 50+ countries via subscription licensing tied to portfolio performance.
- Company typePrivate
- Founded2014
- HeadquartersAustin, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Turnkey Lender does
TurnKey Lender is an Austin, Texas-based SaaS company that provides an end-to-end, AI-powered lending automation platform for financial institutions, fintechs, and non-lending businesses seeking to offer credit products. Its platform unifies loan origination, underwriting, servicing, debt collection, risk management, and decision management into a single configurable system, with a proprietary AI Decision Engine using deep neural networks and machine learning to score credit risk from traditional bureau data, bank statement information (via Plaid, Flinks, and others), and alternative data sources. The product surface is organized into core modules (LOS, LMS, decision management, risk management), solution verticals (Consumer, Commercial, BNPL/TurnKey Pay Later, Bank), and industry-specific solutions (Medical, Green Energy, Home Improvement, Invoice Financing, eCommerce/POS), all sharing 75+ pre-configured integrations, ISO 27001 and SOC 2 Type 2 certifications, and a no-code configuration layer.
The company serves customers across more than 50 countries including banks (National Iron Bank, Cebuana Lhuillier Rural Bank), consumer and alternative lenders (Windmill Microlending, Cash Direct, Premier Credit, EasyLoan), telecom and large enterprise (Globe Telecom, BigPay by AirAsia, H&R Block, Ditch Witch, Zilingo), government (Gaston County), and non-profit organizations (Habitat for Humanity, U.S. Black Chambers). TurnKey Lender has scaled its platform to process up to 3 million loans per working day and serves credit decisions for over 100 million borrowers globally via the Decision Engine.
Revenue is generated primarily through subscription licensing fees tied to customer loan portfolio performance, supplemented by professional services for implementation, customization, scoring model development, and consulting. Go-to-market combines direct enterprise field sales, an API-first distribution model with no-code integration tools, an OEM/white-label embedded lending motion, and a partner/reseller channel. The company is venture-backed, having raised a $10 million round in July 2022 led by OTB Ventures with DEG and Vertex Ventures, and secured a growth investment from Sundance Growth in August 2025. The leadership team is anchored by co-founders Dmytro Voronenko (CEO) and Elena Ionenko (COO), with Christian Morales serving as Chairman.
Turnkey Lender firmographics
Firmographics- Name
- Turnkey Lender
- Legal name
- TurnKey Lender
- Website
- https://turnkey-lender.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TurnKey Lender is an Austin-based SaaS company providing an AI-powered, end-to-end lending automation platform with proprietary deep neural network decisioning, serving banks, fintechs, lenders, and non-lending enterprises across 50+ countries via subscription licensing tied to portfolio performance.
- Ownership category
- akta.pro rank
Turnkey Lender industry classification
Industry- Product category
- Lending Automation Software
- NAICS
- Computer Systems Design and Related Services (54151), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Underwriting Automation & Income/Employment Verification (FSAGAHAD)
- akta.pro secondary industries
- Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC), Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)
Keywords
Where Turnkey Lender is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Turnkey Lender business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription Licensing: Subscription licensing fees based on loan portfolio performance of customers. This performance-based model replaced per-software-package pricing, aligning TurnKey Lender's success with customer outcomes.
- Professional Services: Implementation, customization, and consulting services including scoring model development, feasibility studies, and scorecard consulting tailored to specific business, region, and industry needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise tier for large-scale financial institutions and banks |
| Subscription | Annual | SMB tier for small and mid-sized lenders |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Turnkey Lender product offering
Product offeringCore offering
TurnKey Lender provides an AI-powered, cloud-based SaaS lending automation platform that enables banks, fintechs, lenders, and retailers to digitize and automate the entire loan lifecycle from origination and underwriting through servicing and debt collection. The platform combines a proprietary AI Decision Engine using deep neural networks, a configurable credit product builder, and 75+ pre-configured integrations to deliver end-to-end loan automation with no-code configuration.
Product overview
TurnKey Lender is an AI-powered, end-to-end lending automation platform offered as a unified platform-plus-modules architecture. The core Lending Management Platform provides loan origination, management, and servicing capabilities, while specialized modules extend functionality in credit scoring & decisioning, debt collection, risk management, and decision management. The platform is organized into solution verticals (Consumer Lending, Commercial Lending, BNPL, Bank Lending) and industry-specific solutions (Medical Lending, Green Energy, Home Improvement, Invoice Financing, eCommerce/POS Financing). All solutions share the proprietary AI Decision Engine, 75+ preconfigured integrations, and no-code configuration tools, enabling lenders to deploy and scale across 50+ markets.
Differentiator
Problem solved
Functional benefit
Brands
- TurnKey Pay Later: Buy Now Pay Later (BNPL) software solution for embedded lending automation
- TurnKey Commercial
- TurnKey Consumer
- TurnKey Lender for Banking
Products and services
- Loan Origination Software (LOS) AI-powered loan origination system with configurable application flows, instant credit decisioning, digital borrower portal, KYC/AML compliance checks, 200+ built-in fraud detection rules, and automated loan processing in under 1 second. For banks, lenders, and fintechs digitizing borrower onboarding and decisioning.
- Loan Management Software End-to-end loan management platform automating the entire loan lifecycle including origination, underwriting, servicing, and debt collection with AI-powered decisioning. Includes flexible credit product builder, automated workflows, and bank-grade security.
- Debt Collection Software Automated debt collection solution with AI-driven collection priority, delinquency bucket classification, configurable collection strategies and conversation scripts. Automates SMS, email, printed letters, and dialer communications; integrates with 20+ core banking systems.
- Credit Scoring & Decisioning AI-powered credit scoring solution combining traditional and alternative risk assessment data with machine learning and deep neural networks for instant, accurate loan decisions. Processes bank statements from Plaid and Flinks and supports A/B testing with Champion/Challenger models.
- Lending Platform API & Integrations 75+ preconfigured integrations with payment gateways, credit bureaus, core banking systems, and communication tools, plus no-code API builder with visual Configurator and Flow Builder tools for ETL, version control, and A/B testing.
- Loan Servicing Software Cloud-based loan servicing solution with automated workflows, due date reminders, automatic fees, flexible document management, and mobile app for borrowers and staff. Maintains OWASP-aligned security with an in-house auditor.
- Underwriting Software AI-powered loan underwriting solution with intelligent risk scoring, credit history analysis, real-time monitoring, and instant scoring reports enabling same-day automatic approvals.
- Peer-to-Peer Lending Software P2P lending infrastructure automating borrower-investor matching, credit scoring, loan origination, servicing, collection, and reporting with AI-powered decisioning for P2P platforms.
- Risk Management Software Automated credit risk assessment software with 2500+ decision rules, 75+ integrations, configurable scoring models, A/B testing with Champion/Challenger model, and 200+ built-in fraud detection rules including copy-paste detection and Tor/Proxy detection.
- Decision Management System AI-powered credit decisioning platform combining traditional and alternative scoring with A/B testing; supports 2500+ decision rules and scales to 460+ loan applications per second for unmatched borrower evaluation accuracy.
- Consumer Lending Software (TurnKey Consumer) End-to-end consumer lending platform automating 90%+ of consumer financing processes including personal loans, micro/payday loans, non-profit credit, embedded lending, leasing, and medical credit.
- Commercial Lending Software (TurnKey Commercial) B2B lending platform automating commercial loan origination, scoring, decisioning, management, collections, and reporting for SMEs and enterprise clients; supports invoice factoring, merchant cash advances, and equipment finance.
- Buy Now Pay Later Software (TurnKey Pay Later) BNPL automation platform enabling in-house buy now pay later functionality with customizable credit terms, automated collections, and comprehensive reporting for retailers and e-commerce platforms.
- Bank Loan Management Software End-to-end bank lending automation with complex legacy system integrations, regulatory compliance, AI-powered credit scoring, and fraud prevention capabilities tailored for traditional banks.
- Green Energy Lending Solution Specialized lending automation for renewable energy projects with industry-specific loan application forms, contractor portals, and configurable repayment schemes for solar and energy efficiency projects.
- Medical Lending Software Medical financing platform enabling healthcare practices to offer in-house patient financing with real-time credit decisions and flexible payment plans, eliminating 17-22% third-party financing costs.
- Home Improvement Finance Software Lending automation for home improvement financing with configurable credit products, contractor portals, and automated disbursement to contractor accounts.
- Invoice Financing Software AI-powered factoring and accounts receivable financing software with configurable funding models (marketplace, financing program, funding by rules) and automated invoice processing.
- eCommerce & POS Financing Software Point-of-sale financing platform enabling in-house customer financing at retail checkout with AI-powered credit decisioning and automated repayment management.
- Payday Loan & Microfinance Software Lending automation platform tailored for payday loan and microfinance providers, with small-ticket loan origination, servicing, and collection capabilities.
- Equipment Finance & Leasing Software Lending automation for equipment finance and leasing providers, including lease origination, servicing, and residual value management workflows.
Quantifiable outcome
- 280%+ operational efficiency boost
- +9 more outcomes
Companies that use Turnkey Lender
Customer profileNamed customers18 records
Segments7 records
Ideal customer profiles5 records
Turnkey Lender technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration28 records
AI capability7 records
Feature7 records
Turnkey Lender partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- PlaidcorePartnership provides access to accurate present and historical bank statements and payment data processed by TurnKey Lender's AI decision engine to boost credit scoring accuracy.
- FlinkscoreIntegration allows Canadian lenders to check accuracy of borrower bank account information and provide basic transaction data for credit assessment.
- ExperiancoreSeamless integration allows for automatic hard checks and direct data transfer in Metro 2 format for credit bureau access.
- TransUnioncoreBuilt-in integration for US clients supporting credit bureau updates, hard checks, and Metro 2 reporting.
- EquifaxcoreCredit reporting agency integration provides TurnKey Lender clients access to Equifax Credit Score.
- StripecoreIntegration allows for automatic and manual card repayments. Requires business qualification with Stripe.
- PayPalcoreBorrowers can use PayPal integration to repay loan installments manually from the system's front-end.
- SalesforcecoreIntegration allows utilization of TurnKey Lender data within Salesforce CRM and sales management solutions.
- QuickBookscoreIntegration with QuickBooks automates all reporting by connecting with one of the largest accounting software providers.
- Authorize.netcoreIntegration automates credit card and bank account repayment processes.
- FactorTrustcoreBuilt-in integration for US clients providing consumer reports for credit risk assessment.
- Clarity ServicescoreBuilt-in Clarity integration for US clients supports Metro 2 format and provides access to alternative credit data.
- MicroBiltcoreIntegration supports Metro 2 format and allows direct access to alternative credit data through hard checks.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Turnkey Lender competitors and assessment
Company assessmentBroad incumbents
- Finastra: Large financial technology provider offering lending, banking, and capital markets software globally. Overlaps with TurnKey Lender in loan origination and lending automation but serves primarily large financial institutions with a portfolio spanning the full banking stack.
- Temenos: Large established banking software provider offering core banking, loan origination, and digital channels to global banks. Competes with TurnKey Lender in bank lending automation but as part of a much broader core banking suite serving tier-1 financial institutions.
Direct peers
- Blend: Cloud-based consumer banking and lending platform offering loan origination, deposit account opening, and mortgage workflows. Directly comparable to TurnKey Lender's consumer and embedded lending automation capabilities, with similar API-first architecture and target financial institution buyers.
- Roostify: Digital mortgage origination platform providing lenders with a configurable SaaS solution for home loan applications and decisioning. Comparable SaaS loan origination architecture with API-driven integrations, serving a related but more mortgage-specialized customer base than TurnKey Lender.
- nCino: Public cloud banking platform with a strong loan origination system serving commercial and retail banks globally. Direct overlap with TurnKey Lender's loan origination and banking automation capabilities, though nCino operates at much larger scale with broader banking workflow coverage.
- MeridianLink: Public lending and consumer banking software provider offering loan origination, account opening, and data analytics to banks, credit unions, and lenders. Comparable platform-centric SaaS approach and lending automation focus serving similar mid-market financial institution customers.
- Abrigo: Banking software platform serving community banks and credit unions with loan origination, compliance, and risk management solutions. Comparable target segment (community and mid-sized banks) and overlapping loan origination and decisioning functionality with TurnKey Lender.
- Lendio: SMB lending marketplace and automation platform connecting small businesses with lenders. Comparable in commercial lending automation and SMB-focused use cases that overlap with TurnKey Lender's commercial lending and BNPL product lines.
Emerging players
- Thought Machine: Cloud-native core banking platform with deep lending functionality serving challenger banks and incumbents modernizing infrastructure. Comparable modern SaaS architecture and lending automation capabilities, though positioned more as core banking replacement than dedicated LOS.
- Mambu: Cloud-native core banking and lending platform enabling challenger banks and fintechs to launch lending products. Comparable composable architecture and embedded lending focus, with overlap on configurable credit products and SaaS delivery model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Turnkey Lender social profiles
Digital presenceTurnkey Lender compliance and trust
Trust signalCompliance3 records
Turnkey Lender financial estimates
Financial estimateRevenue estimate
Valuation estimate
Turnkey Lender leadership team
Management profileNumber of profiles
Profiles6 records
Turnkey Lender funding detail
Funding detailFunding overview
Funding rounds9 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Turnkey Lender M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Turnkey Lender
What does Turnkey Lender do?
TurnKey Lender provides an AI-powered, cloud-based SaaS lending automation platform that enables banks, fintechs, lenders, and retailers to digitize and automate the entire loan lifecycle from origination and underwriting through servicing and debt collection. The platform combines a proprietary AI Decision Engine using deep neural networks, a configurable credit product builder, and 75+ pre-configured integrations to deliver end-to-end loan automation with no-code configuration.
Is Turnkey Lender a public or private company?
Turnkey Lender is a private company. It is classified as venture growth investor backed and is currently operating.
When was Turnkey Lender founded?
Turnkey Lender was founded in 2014. It employs 101 to 250 people.
Where is Turnkey Lender based?
Turnkey Lender is headquartered in Austin, United States, in the North America region.
How does Turnkey Lender make money?
Two revenue lines are on record. Subscription Licensing is the primary driver. The others are professional Services.
Who are Turnkey Lender's main competitors?
Broad incumbents on record are Finastra and Temenos. Direct peers are Blend, Roostify, nCino, MeridianLink, Abrigo and Lendio. Emerging players are Thought Machine and Mambu.
Does Turnkey Lender have an API?
Yes. TurnKey Lender offers a robust API platform with 75+ preconfigured integrations. The API allows no-code integration via built-in Configurator and Flow Builder tools, supports full ETL capabilities, enables 10X faster integrations than traditional approaches, and includes version control and management tools. A full sandbox environment is available for A/B testing between workflows and portals. Developer documentation is at www.turnkey-lender.com/lending-platform-api-integrations.
What industry is Turnkey Lender in?
Turnkey Lender's product category is Lending Automation Software. Its primary akta.pro industry code is FSAGAHAD, Underwriting Automation & Income/Employment Verification, with a secondary code of FSAGAHAC, Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking). Its NAICS code is 54151 and its SIC code is 7372.