For an undisclosed amount, Fintech startup PayRange has acquired Turns, a vertical SaaS startup specializing in laundry management software. This acquisition aims to integrate PayRange’s machine payment system with Turns’ end-to-end business management platform, expanding services within the U.S. laundromat industry.
The combined platform will offer a comprehensive suite of tools, including business management, pickup and delivery services, point-of-sale (POS), and payment processing, enabling laundromat operators to streamline their operations and enhance customer experience.
PayRange, known for its connected solutions in payment processing, identity verification, and commerce, helps operators optimize revenue, reduce costs, and improve operational efficiency.
Founded by Sukanth Srivastav and Vishal Gupta, Turns provides laundromats with an integrated software and hardware platform featuring POS, customer management, payment solutions, accounting, employee tracking, logistics, and compliance management.
“Our platform was created to change how laundromats are managed. Now, with PayRange, we can do this on a larger scale and share our vision for the future of the laundromat business,” said Srivastav.
Earlier in January 2023, Turns secured $500,000 in a pre-seed funding round led by Better Capital, with participation from PointOne Capital and angel investors.
This acquisition marks a strategic move for PayRange, further strengthening its position in the automated payments and laundromat technology space.
