Fintech startup PayRange has acquired Turns, a specialized SaaS company in the laundry sector, for an undisclosed amount. This acquisition aims to transform laundromat operations in the U.S. by merging PayRange’s advanced payment system with Turns’ laundry management software.
Expanding Services for Laundromat Owners
The deal will create a single platform that offers a full range of business tools for laundromat operators. These include payment processing, business management, pickup and delivery services, and point-of-sale solutions. By integrating Turns’ powerful software with PayRange’s existing payment technology, laundromat owners can streamline operations, cut costs, and improve customer service.
PayRange is already known for providing connected payment solutions that help businesses manage revenue, track transactions, and simplify operations. Turns, founded by Sukanth Srivastav and Vishal Gupta, brings a software and hardware-integrated platform to the laundromat industry. Their technology includes customer management, accounting, employee scheduling, compliance tracking, and logistics management.
Creating an All-in-One Laundromat Solution
The laundromat industry has long relied on separate systems for different business tasks. Many operators juggle multiple software platforms for payments, staff management, and customer engagement. The merger of PayRange and Turns will eliminate these inefficiencies by offering a single, integrated platform.
With this new system, laundromat owners will be able to:
- Manage all payments digitally, whether for self-service machines or pickup-and-delivery customers.
- Track revenue and generate reports through real-time analytics.
- Schedule employee shifts and streamline payroll management.
- Automate customer interactions and marketing efforts.
“The laundromat business is changing, and this partnership will help owners keep up with evolving customer expectations,” said Paresh Patel, Founder and CEO of PayRange. “With Turns, we’re not just enhancing our payment services—we’re building a complete laundromat management solution.”
A Stronger Future for Laundromats
The acquisition also aims to modernize the laundromat experience for customers. With a unified system, users can expect faster transactions, better service, and more convenient options like pickup and delivery tracking.
For laundromat owners, the integrated platform will reduce operational complexity and increase profitability. Instead of investing in multiple software subscriptions, they can rely on one system to handle everything. This change will be especially beneficial for multi-location laundromat owners who need an efficient way to manage all their businesses in one place.
“Our platform was built to redefine how laundromats are managed,” said Turns’ co-founder Sukanth Srivastav. “Now, with PayRange, we can bring this vision to a much larger scale.”
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Investment and Growth Plans
Turns has already gained recognition in the startup world. In January 2023, the company raised $500,000 in a pre-seed funding round led by Better Capital, with participation from PointOne Capital and angel investors. Now, under PayRange, the company aims to expand its reach even further.
Within the next 24 months, the combined platform aims to serve over 5,000 laundromats across the U.S. This growth will be driven by continuous product enhancements, better customer insights, and seamless integration of new features.
Industry Impact and Outlook
The laundromat industry in the U.S. is valued at billions of dollars, with thousands of operators looking for better ways to manage their businesses. By offering a fully integrated solution, PayRange and Turns are set to disrupt this traditional industry and make laundromat operations more efficient than ever before.
The financial details of the deal remain undisclosed, but industry experts believe this partnership will unlock new revenue opportunities for both companies. By combining payments, logistics, and business management into one platform, the acquisition is expected to create a strong competitive advantage in the growing laundromat technology space.
“This is about more than just payment solutions,” Patel added. “We are redefining how laundromats operate, making them more profitable, and enhancing the customer experience.”
As PayRange and Turns move forward together, laundromat owners and customers alike can expect a more seamless and modern laundry service experience across the country.
