PayRange acquires Noida-based laundromat tech startup Turns

Fintech startup PayRange has acquired Turns, a vertical SaaS startup in the laundry space, for an undisclosed amount. 

This acquisition will combine PayRange's machine payment system with Turns' laundry management software to expand services in the U.S. laundromat industry. The platform will provide tools for business management, pickup and delivery, point-of-sale, and payments.

PayRange provides a system of connected solutions for payment processing, identity verification, and commerce. It supports operators in managing revenue, reducing expenses, and streamlining operations.

Founded by Sukanth Srivastav and Vishal Gupta, Turns provides laundromats with a software and hardware-integrated platform that includes point-of-sale, customer management, payment processing, accounting, employee management, logistics, and compliance.

"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," Srivastav stated. 

Earlier in Jan 2023,  Turns had raised $500K in a pre-seed round led by Better Capital, along with participation from PointOne Capital and angel investors.