51 - 100 employees
Series B
Enterprise Software / SaaS
FinTech & Payments

Numerated Company Overview

Recently named a Top 50 Boston Startup to Watch in 2019, Numerated is breaking through the crowded fintech market by helping banks reinvent business banking for the digital age. Businesses are critical to bank balance sheets, and loans are a runway for gathering deposits, feeding larger C&I loans, and expanding share-of-wallet. However, technology has changed business banking: customers demand faster, simpler, omnichannel products/services, and banker and retail teams are in painful need of tools and data to help them attract customers and sell products.

Numerated was founded to help banks thrive in this modern business banking landscape with its real-time lending and growth platform. Numerated’s end-to-end platform unlocks profitable bank growth through a powerful combination of real-time lending customer experience, automated underwriting, and modern marketing and sales tools.

Numerated’s technology was originally developed within and for $11B Eastern Bank, the largest mutual bank in the US. After growing its portfolio 4X into the #1 SMB lender in Boston (out-competing megabanks, and generating $2K in cost savings per loan and a 2X increase in WAIR), the technology was spun out in 2017 as an independent company backed by leading fintech investors, including Venrock and FIS.

In 18 months since this spin-out, Numerated is quite literally breaking through the fintech noise. The software has been adopted by top business banks, including Bremer, First Federal Lakewood, Franklin Synergy, Horizon, MidFirst, People’s United, Seacoast, and more. Banks have decisioned $500M through the software, which supports loans and lines of credit up to $250K, combination loans/LOCs, SBA loans, business credit cards, business overdraft, and agricultural loans.

Our Investors

Numerated Investors

Jobs at Numerated

 
3 Jobs Listed
Clear Filters
Boston
Overview / Numerated is a fast-growing, quick-moving startup in the financial technology industry, helping to upend outdated business processes in the banking sector. We are in the middle of scaling our company to meet customer demand, and facing a number of interesting technical challenges related to that. If youre looking to make a big impact in your company, and to influence your team, Numerated may be right for you! Were looking for a driven, communicative software engineer with solid Angular and Python development skills, who wants to work on a scrum team, and understands the importance...
Software Engineering/QA
Boston
Overview/ Numerated is looking for an experienced account management professional to build and manage key senior-level relationships with our most strategic customers. The right candidate has deep experience in engaging in senior relationships, is dedicated to providing exceptional service, and is able to utilize influence to expand Numerateds strategic and commercial footprint within their book of business. In order to be successful in this role, the candidate must truly be able to partner with our clients, even when that means having the hard conversations. The Account...
Sales & Business Development
Boston
Numerated is a digital lending platform for banks. Our mission is to help banks fundamentally change the way the identify, engage with and service their business customers. Today, thousands of our banks customers and billions of dollars of bank business traverse the Numerated platform and were just getting started! As a Sales Executive at Numerated, youll focus on building pipeline and selling to forward-thinking banks throughout the country. Youll communicate how Numerated can streamline and simplify the acquisition of business banking services for customers and make banks easy to do...
Sales & Business Development
265 Franklin St, Fl 3
Boston, MA 02110

Blog

January 8, 2020
If it feels like it’s become more difficult for your bank to grow, you’re not alone....
January 3, 2020
We’re looking forward to joining Bank Director at their annual conference, Acquire or Be Acquired, at the end of this month. If you’re a Director or Executive at a community bank in attendance, chances are you’re focused on growth in the new year, whether that’s through:...