Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here.
SINGAPORE – (BUSINESS WIRE) – TurnKey Lender, an award-winning provider of credit adjudication, loan automation and risk management software, announces the start of work with GroverPay. The Singaporean company will use TurnKey Lender technology to support small and medium-sized businesses to start, grow and expand their businesses.
GroverPay is supported by KFC Ventures, the Corporate Venture arm of the Nityo group which works on the principle of investing Karma Free Capital in early stage B2B start-ups and growing on a global scale. The investment will be both in cash and in terms of resources and services to drive GroverPay’s business growth globally. This investment propels GroverPay’s scale-up efforts through the global reach of the Nityo Group.
Powered by AI-based technology from TurnKey Lender, GroverPay will enable Singapore SMEs to get the loans they need as quickly as possible through an easy-to-use automated lending platform. All new SME applicants will need to do to begin the GroverPay loan application process is to register with an email id and mobile phone number. The new SMB lender can then offer a document verification and onboarding process to approve applicants in less than 24 hours using TurnKey Lender’s loan automation platform.
“It is a matter of great pleasure and honor for GroverPay to partner with TurnKey Lender, one of the world’s leading lending platforms, to provide SMEs with fast, reliable, hassle-free loans at affordable rates. advantageous interest. We look forward to working with TurnKey to help SMEs grow their businesses, foster job creation in Singapore and drive the overall growth of the economy, ”said Krishan Grover, Founder and CEO of Grover Pay.
“GroverPay’s mission to keep Singaporean SMEs in business is not only admirable, but also identical to our values at TurnKey Lender. We are delighted to welcome GroverPay to the TurnKey Lender community and ensure an unmatched level of decision precision and automation sophistication for the business and the borrowers it will serve, ”said Dmitry Voronenko, Co-Founder and CEO of TurnKey Lender.
About the turnkey lender:
TurnKey Lender is a global B2B SaaS company providing AI-powered loan automation and decision management solutions and services in more than 50 countries. From origin and underwriting to maintenance, collection and reporting, TurnKey Lender software can automate the entire loan process as well as its specific parts. Designed with the latest design best practices, TurnKey Lender exceeds regulatory data security requirements, exceeding industry standards with SOC 1 and SOC 2 Type II compliance reports, PCI DSS and ISO 27001 certifications globally recognized, and more. To find out more, visit: turnkey-lender.com.
GroverPay is an alternative lending platform committed to supporting small and medium-sized businesses (SMEs) by providing fast, accessible and hassle-free credit. The company is focused on providing the best lending solutions to help businesses grow and transform. Using cutting edge technology, GroverPay makes lending for SMEs in Singapore much easier and faster.
About KFC Ventures and Nityo Infotech:
KFC Ventures is the venture capital finance arm of the Nityo group. Nityo Infotech is an APAC-focused US-based digital solutions and IT services company. Nityo is present in 37 countries and supplied by more than 17,500 employees. More than 3000 global companies trust Nityo to carry out various digital transformation projects.
Source: turnkey lender