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Overview / Numerated is a fast-growing, quick-moving startup in the financial technology industry, helping to upend outdated business processes in the banking sector.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...
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
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
Overview/ The successful candidate will be a strategic individual with 7-10 years of managerial accounting and financialmanagement experience in a rapidly growing start-up environment. You consider yourself on a CFO career track. Responsibilities/ Directing all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, payroll and financial reporting. Analyzing company's financial results with respect to profits, trends, costs and compliance with budgets. Issue regular status and ad hoc reports to senior...
Corporate Functions
265 Franklin St, Fl 3
Boston, MA 02110

Blog

October 8, 2019
Nationally recognized community bank partners with Numerated for digital lending and relationship growth ...
September 30, 2019
We’re excited to be joining BAI in our hometown of Boston this year. For years, BAI Beacon has been the broad annual conference for the Bank Administration Institute—but, in 2019, returning attendees will notice something new....
September 30, 2019
At Numerated, we’re obsessed with helping banks grow relationships and we know our readers are passionate about bank growth, too. With that in mind, we thought you might appreciate an inside look at the kind of content our teams are consuming about the industry....
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....