SINGAPORE, December 01, 2021--(BUSINESS WIRE)--TurnKey Lender, an award-winning provider of credit decisions, lending automation, and risk management software announces the start of work with GroverPay. The Singaporean company will use TurnKey Lender’s technology to support small and medium-sized enterprises allowing them to start, grow, and expand their business.
GroverPay is backed by KFC Ventures, the Nityo Group’s Corporate Venture arm which works on the principle of investing Karma Free Capital into early stage and growth stage B2B start-ups globally. The investment will be both in cash and in terms of resources and services to foster business growth globally for GroverPay. This investment propels GroverPay’s scaling efforts thanks to Nityo Group’s Global Reach.
Powered by TurnKey Lender’s AI-based technology, GroverPay will enable SMEs in Singapore to get the loans they need as quickly as possible with an easy-to-use automated lending platform. All new SME applicants will need to do to get started with the GroverPay lending application process is register with an email ID and a mobile number. The new SME lender can then offer a document verification and onboarding process to approve applicants in under 24 hours using TurnKey Lender’s loan automation platform.
"It’s a matter of great pleasure and honor for GroverPay to partner with TurnKey Lender, one of the world’s leading lending platforms, to provide loans to SMEs that are fast, reliable, hassle-free, and at friendly interest rates. We look forward to working with TurnKey to help SMEs grow their business, assist job creation in Singapore, and drive the overall growth of the economy," states Krishan Grover, Founder, and CEO of Grover Pay.
"GroverPay’s mission of keeping Singaporean SMEs in business is not just admirable but also the same as our values at TurnKey Lender. We are excited to welcome GroverPay into the TurnKey Lender community and ensure an unmatched level of decision accuracy and automation sophistication for the company and the borrowers it will serve," says Dmitry Voronenko, Co-Founder and CEO of TurnKey Lender.
About TurnKey Lender:
TurnKey Lender is a global B2B SaaS company that offers AI-powered lending automation and decision management solutions and services in 50+ countries. From origination and underwriting to servicing, collection, and reporting, the TurnKey Lender software can automate the entire lending process just as well as its specific parts. Designed with the latest design best practices, TurnKey Lender exceeds regulatory requirements for data security, going above industry standards with SOC 1 and SOC 2 Type II compliance reports, the globally recognized PCI DSS and ISO 27001 certifications, and more. To learn more visit: turnkey-lender.com.
GroverPay is an alternative lending platform committed to supporting small and medium-sized enterprises (SMEs) by providing fast, accessible, and hassle-free credit. The company is focused on delivering the best loan solutions to help businesses grow and transform. Thanks to cutting-edge technology, GroverPay makes lending for SMEs in Singapore a lot easier and faster.
About KFC Ventures and Nityo Infotech:
KFC Ventures is Nityo Group’s venture funding arm. Nityo Infotech is a US-headquartered and APAC-focused digital solutions & IT services company. Nityo is present in 37 countries and powered by 17,500+ employees. 3000+ global enterprises trust Nityo to deliver various digital transformation projects.
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