Singaporean Fintech Launches Operations in Malaysia Following Investment from OSKby Fintech News Malaysia March 20, 2019
TurnKey Lender, a lending and loan origination company announces the opening of a new office Kuala Lumpur. Its main goal will be to physically represent TurnKey Lender and support the company’s operations in Asia.
Fueled by funding from Malaysia-based OSK Ventures, the company plans on involving Malaysian professionals to provide technical support to the clients, streamline local and global business development, and fuel its R&D efforts.
According to a press release, TurnKey plans to take advantage of Malaysia’s ecosystem that is “perfectly positioned” for a rapid growth of alternative lending in areas like peer-to-peer lending and in-house financing. They credit the establishment of the fintech regulatory sandbox in 2016 for cultivating financial technology here, and Malaysia’s internet penetration at 85.7% in 2018.
Featured image via TurnKey Lender