For an undisclosed sum, fintech startup PayRange acquires Turns, a vertical SaaS startup in the laundry industry. Through this acquisition, Turns' laundry management software and PayRange's machine payment system will be combined to increase services in the US laundromat market. The platform will offer tools for point-of-sale, payments, pickup and delivery, and business management.
PayRange offers a network of interconnected solutions for commerce, identity verification, and payment processing. It helps operators streamline operations, control revenue, and cut costs.
Turns is a hardware and software-integrated platform that offers laundromats point-of-sale, customer management, payment processing, accounting, employee management, logistics, and compliance. It was founded by Sukanth Srivastav and Vishal Gupta.
“We can now share our vision for the future of the laundromat industry and do this on a bigger scale thanks to PayRange," Srivastav said.
Turns raised USD 500K in a pre-seed round earlier in January 2023, which was led by Better Capital and included participation from angel investors and PointOne Capital.
