Austin, TX and Menlo Park, CA - August 28th, 2025 - TurnKey Lender, a leading provider of AI-powered lending software, today announced a significant growth investment from Sundance Growth, a growth equity firm focusing on B2B SaaS leaders. Existing investors DEG, OTB, Minit Labs, Ritz Ventures Capital, SMRK, and others also participated in the round, underscoring their full support for the company’s growth and strategy.
This investment will fuel the company’s growth in the banking and embedded lending sectors, accelerate product development, and enable the company to better serve financial institutions and brands seeking intelligent, digital-first lending infrastructure.
TurnKey Lender’s cloud-based platform automates the entire lending lifecycle, including origination, underwriting, servicing, collections, and compliance. The company’s technology is used by banks, credit unions, fintechs, and embedded lenders in more than 50 countries.
TurnKey Lender has earned strong recognition from leading industry analysts over the past few years. The platform has been recognized as a Leader in multiple IDC MarketScape evaluations, including the North American Consumer Lending Decisioning Platforms as well as Small Business Lending Decisioning Platforms (2023–2024). It was also named a Leader and Star Performer in the 2024 Consumer Loan Origination Systems (LOS) PEAK Matrix® by Everest Group.
"TurnKey Lender has built an enterprise-grade product with the flexibility and speed modern lenders need. We believe they are in a strong position to lead the next wave of innovation in lending as financial institutions demand more automation and intelligence," said Christian Stewart, Managing Partner at Sundance Growth.
The investment will allow TurnKey Lender to strengthen its go-to-market efforts, grow its sales and customer success teams, and deepen integration with global financial infrastructure. The company also plans to double down on GenAI innovation to meet the rapidly shifting needs of banks, credit unions, and non-bank lenders.
"Lending is entering a new era – powered by GenAI, fuelled by embedded finance, and inspired by uncompromising customer expectations. With this investment, we’re not just scaling and strengthening our market footprint. We're accelerating our innovation flywheel so that every lender – from regional brands starting their own embedded lending programs to large banks – can deliver credit with unprecedented speed, intelligence, and personalization. The future of lending belongs to those who move first," commented Dmytro Voronenko, CEO and Co-Founder of TurnKey Lender.
“Partnering with Sundance Growth, we are expanding our ability to serve the full spectrum of financial institutions and enterprise brands embracing embedded lending. Our goal is to make smart lending technology accessible and scalable for every organization ready to modernize," said Elena Ionenko, COO and Co-Founder of TurnKey Lender.
About TurnKey Lender
Founded in 2014 and headquartered in Austin, TX, TurnKey Lender provides a cloud-based, AI-powered lending automation platform that enables lenders to digitize the entire loan lifecycle. The solution delivers decisioning, origination, servicing, collections, and compliance in one unified system, helping financial institutions, embedded lenders and fintechs scale efficiently while staying compliant. TurnKey Lender serves a global customer base.
Visit www.turnkey-lender.com to learn more.
About Sundance Growth
Founded by Christian Stewart, a former Accel-KKR investor, Sundance Growth is a growth equity firm focused on investing in mission-critical, B2B SaaS companies. The firm raised a 125 million dollar debut fund in 2025, backed by leading institutional investors. Sundance provides founders with flexible capital and hands-on support to help companies grow and scale organically and through strategic M&A. The firm partners closely with management teams to accelerate go-to-market execution, product expansion, and operational excellence. Sundance invests in companies with 3 to 10 million dollars in ARR, writing checks ranging from 5 to 15 million dollars.
Visit www.sundancegrowth.com to learn more.
Media Contact
Company Name: TurnKey Lender
Contact Person: Daniel Tomcala
Email: Send Email
Phone: +421903956646
Address:1250 S. Capital of Texas Hwy., Building 1, Suite #425
City: Austin
State: Texas
Country: United States
Website: https://www.turnkey-lender.com/
