TurnKey Lender raises $10 million in new funding round; appoints Christian Morales as Chairman of the Board

Today, TurnKey Lender, a global fintech B2B Software-as-a-Service (SaaS) company specialising in AI-powered lending automation solutions, has closed a US$10 million new funding round. The investment round – a mix of equity financing and debt – was led by OTB Ventures, with participation of early backers including Germany’s development finance institution DEG and Vertex Ventures Southeast Asia and India. The new funds will be used to take advantage of new opportunities in embedded lending adoption macro trends across North America, Europe and Southeast Asia, following a sustainable growth trajectory.

TurnKey Lender is also delighted to announce the expansion of its team with the appointment of Christian Moralesas Chairman of the Board. Christian participated in the funding round and brings over 40 years of senior experience in leading global tech institutions. He will be taking an active role in ensuring that TurnKey Lender continues the impressive growth in revenue, hiring, strategic partnerships and client relationships experienced over the past years. He will also build on TurnKey Lender’s AI-powered and fully automated technology, continuing to enable brands financing their own clients with fully automated embedded lending platform.

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