TurnKey Lender Funding Journey

Since its founding in 2014, TurnKey Lender has grown from a lending automation startup into a globally recognized AI-powered fintech platform, backed by a growing roster of international investors.

2017 – $2 Million Series A Led by Vertex Ventures

TurnKey Lender closed its first institutional round in 2017, raising $2 million from Vertex Ventures, the venture capital arm of Singapore’s Temasek Holdings. The funds were directed toward product development and expansion into new markets across Southeast Asia, including Indonesia, Thailand, and the Philippines.

2019 – Series A1 Round with OSK Ventures, Majuven, and Western NIS

Two years later, TurnKey Lender raised a follow-on round from a broader syndicate, including OSK Ventures, Majuven, Western NIS, and a returning investor Vertex Ventures. The undisclosed sum was used to deepen R&D, open a new office in Kuala Lumpur, and expand the company’s footprint in the US, Europe, and Southeast Asia.

2021 – Round Led by DEG, Joined by SEEDS Capital

In 2021, TurnKey Lender raised a new round led by DEG, Germany’s development finance institution, with participation from SEEDS Capital – the investment arm of Enterprise Singapore, alongside existing backers. The company had tripled its ARR year-over-year at the time, driven by surging demand for lending digitalization stimulated by the COVID-19 pandemic. The investment was aimed at scaling embedded lending technology across both developing and developed markets.

2022 – $10 Million Round Led by OTB Ventures

TurnKey Lender’s largest round to date at the time happened in 2022. $10 million investment led by OTB Ventures with participation from DEG and Vertex Ventures. The round was a mix of equity and debt financing. It was focused on capturing embedded lending opportunities across North America, Europe, and Southeast Asia. Alongside the raise, Christian Morales was appointed Chairman of the Board, bringing over 40 years of experience at leading global technology institutions.

2025 – Growth Investment from Sundance Growth

Most recently, TurnKey Lender secured a growth investment from Sundance Growth, an equity firm specializing in B2B SaaS. Existing investors DEG, OTB Ventures, Minit Labs, Ritz Ventures Capital, SMRK, and others also participated in the round. The funding will accelerate product development, support expansion in banking and embedded lending, and help the company serve financial institutions seeking intelligent, digital-first lending infrastructure.

About TurnKey Lender

Founded in 2014 and headquartered in Austin, TX, TurnKey Lender provides a cloud-based, AI-powered lending automation platform that enables lenders to digitize the entire loan lifecycle. The solution delivers decisioning, origination, servicing, collections, and compliance in one unified system, helping financial institutions and fintechs scale efficiently while staying compliant.

Book an intro call with the TurnKey Lender team to start transforming your digital lending operations with the industry leader that serves a global customer base.