Dmitry Voronenko, Co-Founder & CEO
The year was 2014 when industry stalwarts Dmitry Voronenko and Elena Ionenko brought TurnKey Lender to the limelight. Almost seven years later, the company, at the behest of its proprietary lending solution, is leaving no stone unturned in securely digitising every step of clients’ credit management.
The question that arises here is: what led to the inception of TurnKey Lender? Voronenko, Co-Founder and CEO, TurnKey Lender says, “We launched Turnkey Lender in response to a gap in the market for small and medium-sized lenders. Often, these companies require the same comprehensive software platform as large retail lenders, but they lack the working capital to develop their own automated processing systems and credit scorecards.”
Hence, with a vision to evangelize a fundamentally new e-lending approach – Unified Lending Management the duo introduced its state-of-the-art solutions. TurnKey Lender allows companies of all sizes to offer financing to their clients readily using sophisticated technology as the core. The company draws insights from the deep-seated expertise of its founders and steers the curve in credit-risk management and lending automation. With a range of software options embedded in its portfolio, TurnKey Lender is well-equipped to support the nitty-gritty of the lending landscape–complex bureau eco-systems, international infrastructure projects with intergovernmental funding, peer-to-peer loans, retail-loan types, and many more.
Over the years, TurnKey Lender has become the leading advocate for embedded lending, providing the only SaaS platform that automates all-digital lending operations and decisions at every stage of the loan life cycle in real-time for any business. Through its state-of-the-art solutions and services, the company addresses challenges faced by industries from variegated domains like traditional lenders, innovative retailers, equipment, and service providers.
Under its hood, the company offers a plethora of services that support AI & alternative scoring development, credit decision analytics, digital transformation, fraud consulting, product management, and the likes of it. The perfect amalgamation of all these offerings enables business growth and improves operational efficiency through automation. Moreover, the robust services help approve loans faster and allow clients to achieve a smooth and painless lending process from the borrowers in the entire stage of a loan’s life cycle. Besides, the platform even cuts down operational costs and builds a healthy portfolio with TurnKey Lender’s promising credit decision-making, loan origination. This ensures smooth underwriting, servicing, collection, and reporting of all loans related functionalities.
TurnKey Lender tailors solutions as per customers’ needs. With an inbuilt user-intuitive interface and a fully functional application, the company automates the pipeline of loan processes. This eradicates the chances of human-made errors and makes the lending process steady-fast. In short, TurnKey Lender grows customer lifetime value by making the lending activity effortless.
An exemplification of TurnKey Lender’s capabilities can be better illustrated by delving deeper into a case study wherein the company partnered with franchise business owners and helped them streamline in-house financing. Owing to the heightened costs and complexities involved, most businesses are sceptical to start their own franchise. Unable to see an option, these firms find their resort in third-party lenders who often mislead them. This is no longer the case with TurnKey Lender’s unprecedented approach. The Austin-based company’s end-to-end franchise financing automation, creditors can employ alternative as well as traditional scoring options that are gleaned from an array of data resources. Not only does this help franchise owners a 360 view of borrowers but it also guarantees higher rates of success in terms of credit lines and non-amortizing of loans.
This is but one of the many success stories that TurnKey Lender has scripted in its journey so far. With its award-winning AI-based Digital Banking Platform & Lending Solutions for Banks & Non-bank Lenders, the company is working tirelessly to create the most intelligent, easy-to-use, versatile, and affordable software for all lenders.