Fintech startup Turnkey Lender has raised an undisclosed amount from  Palo Alto-based Vertex Ventures, reports TechinAsia. 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.

Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in September 2013, the startup later moved its headquarters to Brussels and secured a client base from across Europe.

However, Ionenko and Voronenko decided that it could tap better growth opportunities from a base in Southeast Asia, and it was accepted into the Singapore-based FinLab accelerator program. Despite the relocation, Turnkey Lender still maintains a global clientele, with customers in Europe and North America as well as Asia.



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