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.
Jobs at Numerated
Founder & CEO
Dan is the CEO of Numerated Growth Technologies, Inc., the first company to be spun out of Eastern Bank’s financial technology incubator, Eastern Labs. Prior to Numerated, Dan was the head of Eastern Labs and the Chief Digital Officer of Eastern Bank, the largest and oldest mutually owned bank in the U.S.
Before founding Eastern Labs, Dan was the CEO of PerkStreet Financial, which he co-founded, raised multiple rounds of capital for, and grew to $1 billion in annual transaction volume. Prior to PerkStreet, Dan was an executive at Capital One, where he co-founded Capital One’s Payments division and relaunched the company’s cash back credit card.
Dan began his career as a consultant at Oliver Wyman, serving Fortune 1000 financial services firms and retailers. Dan has a passion for furthering STEM education and a degree in Operations Research from Princeton.
Welcome to Numerated, our new space opened December 2018 in Post Office Square and is home to 45 Numerators and growing.
Some of our engineers hard at work building out our real-time lending platform.
We host weekly company-wide meetings to keep us informed on upcoming projects and customer deliverables.
Here, our senior leadership team is delivering their weekly "meta-minute".
A look at one of our many conference rooms .
Our data science team working away.
The kitchen is the perfect spot to guzzle down some seltzer water and grab a snack.
Mondays are for our weekly management meetings.
A few members of the implementation team working hard to get more and more customers live.
Jump into the Sanctuary room for a one-on-one meeting.
Company catered lunches are always a big hit!
Our demand generation team working on their next marketing campagin.
The open office floor plan is perfect for cross-team collaboration.
A few fellow Numerators on their way to a meeting.
The calm before the storm. Our kitchen area is home to some delicious and healthy company lunches.
Sometimes you have to jump into our oversized phone booth.
Or grab a chair and catch up on some work!
Our fearless head of sales updating the team on our recent customer wins.
We hope you enjoyed the tour. Thanks for visiting!