Turnkey Lender – a software-as-a-service (SaaS) fintech startup – recently closed a series A funding round worth US$2 million. Vertex Ventures was the only participant in the capital raise.
This is the company’s first institutional funding round. It had previously secured seed funding from SMRK VC Fund.
Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants.