26 - 50 employees
Series A
B2B
FinTech & Payments
SaaS

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 In this individual contributor role you will work with new and existing banks to proactively manage their path to success using the Numerated Growth Technologies platform. You will focus on building key business relationships within your book of business, understanding client needs, and acting as the voice of the customer to build high customer satisfaction. You will work closely with your customers to drive value, platform adoption, and product expansion efforts across all customers to meet portfolio benchmark metrics. You are a proactive team player with a demonstrated ability to...
Customer Success
Boston
Overview/ Are you ready to take the next step in your sales career with a challenging position at one of the leading financial technology companies in the country? A place where you can have an impact in an early-stage company changing how banks compete and win? Numerated Growth Technologys real-time lending and sales automation platform drives profitable growth for banks. It transforms how financial institutions lend from a paper-based process to a digital, real-time experience. Numerateds platform uses data automation and science to digitize credit policies and integrates...
Sales & Business Development
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 friendly, communicative mid-level software engineer with solid Python and backend engineering skills, with a deep understanding of what it takes to build...
Software Engineering/QA
265 Franklin St, Fl 3
Boston, MA 02110

Blog

July 15, 2019
While “digital transformation” might feel like a buzzword, the market forces demanding that banks adopt such a strategy are far from exaggerated. Digital transformation is the key to survival for traditional banking institutions, a fact that was highlighted dramatically in a recent report by Accenture....
June 27, 2019
Banking is going through a rough patch. Not only did branch closures reach an all-time high in 2018, but mergers and acquisitions are leading to an increasingly consolidated industry. ...
June 19, 2019
Relationship-based digital lending is the use of online technology in combination with traditional, relationship-banking tactics. Banks that implement relationship-based digital lending platforms and strategies are able to provide their customers with a digital-first experience, without totally replacing personal, banking relationships. Therefore, this type of strategy aims at leveraging big data and marketing and sales automation—as well as other digital tools—to help bankers id...