TLDR: TurnKey Lender, a leading provider of AI-driven lending automation solutions, has successfully secured a growth investment from Sundance Growth. This strategic funding aims to accelerate the company’s global expansion and significantly advance its artificial intelligence capabilities, particularly in generative AI, to meet the evolving demands of the banking and embedded lending sectors.
Austin, Texas-based TurnKey Lender, a prominent developer of AI-powered, cloud-based lending automation solutions, announced today it has secured a significant growth investment from private equity firm Sundance Growth. While the precise size of the funding round was not officially disclosed in some reports, other sources indicate a figure of US$10 million. This capital injection is earmarked to fuel TurnKey Lender’s ambitious plans for global scaling and to bolster its innovative capabilities, with a strong emphasis on generative artificial intelligence.
The investment will enable TurnKey Lender to strengthen its presence across the banking and embedded lending sectors. The company offers a comprehensive, no-code/low-code SaaS platform designed to digitize the entire loan lifecycle. This includes critical stages such as origination, underwriting, compliance, servicing, and collections. By automating these complex processes, the platform empowers financial institutions, fintech companies, and enterprise brands to streamline their lending workflows, significantly reduce operational complexities, and deliver enhanced digital experiences for borrowers.
According to company statements, the fresh funding will be strategically allocated to several key areas. These include accelerating product development, expanding sales and customer success teams globally, and intensifying the firm’s go-to-market strategy. A core focus of this investment is to advance TurnKey Lender’s generative AI capabilities, which are crucial for supporting financial institutions as they adapt to rapidly changing lending demands and customer expectations.
Christian Stewart, Managing Partner at Sundance Growth, expressed confidence in the company’s trajectory, stating, “TurnKey Lender has built an enterprise-grade product with the flexibility and speed modern lenders need. We believe they are in a strong position to lead the next wave of innovation in lending as financial institutions demand more automation and intelligence.”
Dmytro Voronenko, CEO and Co-founder of TurnKey Lender, highlighted the transformative period in the lending industry. “Lending is entering a new era – powered by GenAI, fueled by embedded finance, and inspired by uncompromising customer expectations,” Voronenko commented. “With this investment, we’re not just scaling and strengthening our market footprint. We’re accelerating our innovation flywheel so that every lender – from regional brands starting their own embedded lending programs to large banks – can deliver credit with unprecedented speed, intelligence, and personalization. The future of lending belongs to those who move first.”
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Founded in 2014, TurnKey Lender operates from various global bases, including Singapore, London, Kuala Lumpur, Warsaw, and its headquarters in Austin, Texas. The company’s all-in-one SaaS platform currently serves 180 clients and approximately 50 million end-users across more than 50 countries, catering to traditional, alternative, and embedded lenders such as fintechs, telecoms, retailers, medical, and B2B lenders.
