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

 
3 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Overview / Numerated is a fast-growing, quick-moving startup in the financial technology industry, helping to upend outdated business processes in the banking sector.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 driven, communicative senior software engineer with solid Python and backend engineering skills...
Software Engineering/QA
Boston
Overview / The Customer/Production Support Engineer will support Numerateds lending platform. This role will require direct customer support of our SaaS application as well as production operations support. This role will be part of our Operations team. 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...
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
265 Franklin St, Fl 3
Boston, MA 02110

Blog

November 14, 2019
If you’re not plugged into the tech scene, you may have missed a potentially explosive story this weekend about the Apple Card—and the lesson every bank should learn from it....
October 31, 2019
It’s Halloween, and we’ve got a special treat for our readers. It might not be the full-sized candy bar you’ve been chasing since you were a kid, but we’re back with another roundup of the bank growth news you missed in October. Enjoy!...