51 - 100 employees
Series B
B2B
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

 
4 Jobs Listed
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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
Boston
Overview / The Technical Support Engineer will support Numerateds lending platform. This role will require direct customer support of our SaaS application as well as production operations support. Responsibilities / Triage daily inbound support issues from our customers Become an expert on our product and handle level 1 and level 2 issues including reproduction in our test environments and filing defects when appropriate Read and debug application logs to determine root cause and remedy when appropriate Monitor production logs and alert systems and respond...
Software Engineering/QA
Boston
Numerated is a data-powered sales platform for banks. Our mission is to help banks fundamentally change the way the identify, engage with and service their business and consumer customers. Today, thousands of our banks customers and billions of dollars of bank business traverse the Numerated platform and were just getting started! 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...
Sales & Business Development
265 Franklin St, Fl 3
Boston, MA 02110

Blog

September 17, 2019
First Federal Lakewood is the largest independent, depositor-owned bank headquartered in Ohio. While many banks have come and gone from the greater Cleveland area and shores of Lake Erie, for more than 80 years the $2B financial institution has been a community cornerstone fiercely dedicated to helping the area’s people and businesses thrive....
August 21, 2019
Today’s banks are facing unprecedented challenges brought on and exacerbated by unfamiliar competition....
August 20, 2019
Bank CEOs and CFOs are under siege and experiencing an unprecedented wave of disruption across the industry. As they struggle to attract new customers and get their financial institutions back into organic growth mode, they’re watching upwards of 60 percent of all revenue growth go to new entrants in the space—such as fintechs, alternative lenders, and digital-first challenger banks....