Singapore: Vertex Ventures invests $2m in Turnkey Lender

Singapore: Vertex Ventures invests $2m in Turnkey Lender

Fro left to right: Dimitry Voronenko (Turnkey Lender), Janet Young (UOB), Elena Ionenko (Turnkey Lender), Carmen Yuen (Vertex Ventures), Felix Tan (The FinLab).jpg

Turnkey Lender, a cloud- based loan management system, has raised $2 million venture investment from Vertex Ventures. The venture offers a SaaS solution that employs machine learning and data analysis to understand potential loan applicants, ranging from small scale to large scale loans.

Vertex Ventures is the venture capital arm of Temasek Holdings and manages cumulative committed capital in excess of $2.5 billion. Its portfolio is heavily weighted towards early-stage IT and healthcare ventures in China, Silicon Valley, India, Israel, and Southeast Asia. Some of its portfolio firms are Waze, Grab, and Reebonz.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter