SEEDS Capital, others invest in B2B fintech firm TurnKey Lender

About TurnKey Lender: A SaaS company, it designs and develops software solutions that automate the entire lending process with market-leading time-to-market.

Other Investors: DEG (lead), Vertex Ventures, OSK Ventures International, and Majuven.

What the new funding will be used for: Scaling, expansion of its R&D and business development facilities, and strengthening of market positions.

More about the story: Turnkey’s software is used by traditional, alternative, and embedded lenders in over 50 countries.

During the post-COVID outbreak, the company claims to have tripled its ARR year-over-year and increased its core customer base.

“As we continue to experience rapid growth, this capital injection will help us firmly establish our SaaS-based digital lending platform as the leading solution to address today’s economic needs for smart and turn-key financing automation and will allow TurnKey Lender to further accelerate our international expansion,” Dmitry Voronenko, co-founder of TurnKey Lender, said.

Ryde to launch new premium private car service

About RydeLUXE: Ryde, a mobility app company based in Singapore, has launched RydeLUXE, which caters to the ultra-luxury market of business executives, tourists, and premium customers who like to travel in comfort with professional drivers in spacious six-seaters vehicles.

Business owners, restaurants, and hotels can provide this service to guests looking for a premium ride via a partnership with Ryde.

More about the story: RydeLUXE beta trials are ongoing at the moment. The premium service will be officially launched in Singapore on 29th April 2021.

Also Read: Ryde plans for IPO on SGX, aims to capture 30 per cent of Singapore’s ride-sharing market

“The launch of RydeLUXE reflects our belief and commitment to introduce innovative features for the ride-hailing market. It also marks a significant milestone for us, as we enter the ultra-luxury market and cater to a different clientele,” Terence Zou, founder of Ryde Technologies, said.

Malaysian fintech startup Finology reaches final five of Seedstars World Competition

About Finology: A fintech startup that enables seamless access to financial products and services.

Its technology has been deployed in 4 countries, and its APIs are used by various large companies that include GHL, iProperty, and Tropicana.

About Seedstars World Competition:  Seedstars World Competition aims to find the most promising early-stage startups in emerging markets.

Qumulo expands to Asia Pacific

The objective: The expansion to APAC builds on the increasing demand for the American data storage company’s Qumulo File Data Platform in APAC across major verticals, including healthcare, industrial manufacturing, automotive manufacturing, government, media and entertainment, and research computing.

Also Read: Malaysian insurtech startup PolicyStreet wins Seedstars Kuala Lumpur

About Qumulo: A file data platform for multi-cloud environments, providing freedom, control, and real-time visibility for file data.


Image Credit: Unsplash

The post In brief: SEEDS Capital invests in TurnKey Lender; Finology in the final five of Seedstars World competition appeared first on e27.



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