Case Study: Ultra Finance achieves fully digital loan origination and sub-20-minute disbursement with TurnKey Lender

Fully Digital Loan Origination and Disbursement in Under 20 Minutes for a Microlending Company

Ultra Finance Company, an online microlender founded in Ukraine in 2016 focused on payday loans, needed a fully digital payday product (Ultracash) that borrowers could apply for and receive on a smartphone. The lender required end-to-end automation with strong security (SSL, Verified by Visa/MasterCard SecureCode, PCI DSS), lifecycle management for term prolongation, and the ability to process, approve, and disburse loans in under 20 minutes. To meet these requirements Ultra Finance Company selected TurnKey Lender and its TurnKey Lender Box for Payday Lenders as the core platform.

TurnKey Lender implemented an integrated solution connecting payment providers, CPA networks, SMS/email and reporting via a single API, and provided built-in credit scoring that Ultra Finance Company customized with behavioral factors for better decisions. The result was fully digital loan origination and disbursement in under 20 minutes, rapid remote operation during COVID, faster product launches with granular settings, and improved targeting through integrated CPAs — all delivered by TurnKey Lender.