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
Boston
Overview/ We are looking for an Implementation Engineer to help our enterprise clients leverage the power of our platform. Ideal candidates need to be solution oriented, process driven, fast learners, strong communicators and passionate about technology. Responsibilities/ Proactively communicate and collaborate with external bank clients and partners to analyze information needs and functional requirements for the execution of each implementation and client engagement Conduct and complete workflow and functionality gap analyses Work closely with engineering in delivering enterprise-level...
Software Engineering/QA
Boston
Overview/ We are looking for an experienced Implementation Engineer to help our enterprise clients leverage the power of our platform. Ideal candidates need to be solution oriented, process driven, fast learners, strong communicators and passionate about technology. Responsibilities/ Proactively communicate and collaborate with external bank clients and partners to analyze information needs and functional requirements for the execution of each implementation and client engagement Conduct and complete workflow and functionality gap analyses Work closely with engineering in delivering...
Software Engineering/QA
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

May 23, 2019
What started out as a week’s long celebration of the nation’s small businesses has quickly turned into a month’s worth of recognition....
May 20, 2019
May is National Small Business Month, and the owners of these establishments have a lot to celebrate in 2019....
May 7, 2019
Fast-Growing Fintech Provides Third-Party Validation of Data Security Standards...
May 6, 2019
Each year, our friends over at Barlow Research put together the Business Banking Conference—a two-day event that draws banking and fintech thought leaders from across the country....
May 2, 2019
Here’s a stat that, while certainly eye-opening, won’t be shocking to anyone inside of the startup world: In 2019, estimates suggest that a full 90 percent of startups are destined to fail....