Company Profile: Numerated
Background
Numerated is a fintech company specializing in digital lending solutions for business banking. Founded in 2017, the company aims to simplify and accelerate the loan origination process for financial institutions and their clients. By leveraging data and artificial intelligence, Numerated enhances the efficiency and convenience of business lending, enabling banks and credit unions to meet the evolving expectations of their customers. In November 2024, Numerated was acquired by Moody's Corporation, a global leader in credit ratings and risk analysis, further expanding Moody's capabilities in the lending technology sector.
Key Strategic Focus
Numerated's strategic focus centers on transforming business lending through digital innovation. The company's core objectives include:
- Streamlining Loan Origination: Automating the entire loan process—from application to decision to closing—to reduce manual work and processing times.
- Enhancing Data Utilization: Utilizing data and artificial intelligence to improve decision-making and operational efficiency.
- Expanding Product Offerings: Broadening the range of business banking products supported by their platform, including secured lending, digital account opening, and credit card decisioning.
The company primarily targets financial institutions such as banks and credit unions, aiming to modernize their lending processes and improve customer experiences.
Financials and Funding
As of December 2025, Numerated's financial details are as follows:
- Total Funds Raised: $15 million in Series B funding, led by Patriot Financial Partners, with participation from existing investors Venrock, FINTOP Capital, and Hyperplane.
- Recent Funding Rounds: The Series B round in September 2019.
- Notable Investors: Patriot Financial Partners, Venrock, FINTOP Capital, and Hyperplane.
- Utilization of Capital: The funds were intended to accelerate platform expansion and broaden the company's business reach.
Pipeline Development
Numerated has developed several key features and partnerships to enhance its platform:
- Secured Lending Features: Introduced capabilities to support secured loans, including collateral analysis automation and digital application processes for equipment and vehicle financing.
- Digital Account Opening and Credit Card Decisioning: Expanded the platform to include digital account opening and credit card decisioning, providing a comprehensive digital front end for business banking.
- Strategic Partnerships: Formed alliances with companies like GoDocs to streamline commercial loan documentation and Fincura to enhance financial analysis capabilities.
Technological Platform and Innovation
Numerated's platform is distinguished by several innovative technological aspects:
- Proprietary Technologies: Utilizes machine learning and artificial intelligence to automate data processing and decision-making in loan origination.
- Scientific Methods: Employs advanced data analytics and AI algorithms to analyze financial statements and assess creditworthiness.
- AI-Driven Capabilities: The platform's AI capabilities significantly reduce the time required for financial spreading and analysis, enhancing operational efficiency.
Leadership Team
The leadership team at Numerated includes:
- Dan O'Malley: Co-founder and CEO. Prior to Numerated, O'Malley was the Chief Digital Officer at Eastern Bank, where he led digital transformation initiatives. Under his leadership, Numerated has grown rapidly and expanded its product offerings.
Competitor Profile
In the digital lending space, Numerated faces competition from several companies:
- nCino: A public company founded in 2011, operating in the fintech software industry, with a larger employee base compared to Numerated.
- Nortridge: Established in 1981, Nortridge operates in the fintech software field and generates higher revenue than Numerated.
- FinMkt: Founded in 2011, FinMkt competes in the diversified investment services field and has higher revenue than Numerated.
Strategic Collaborations and Partnerships
Numerated has engaged in several strategic collaborations to enhance its platform:
- GoDocs: Partnered to integrate document automation solutions, streamlining the commercial loan documentation process.
- Fincura: Acquired to add financial spreading and analysis capabilities, improving underwriting processes.
- Citi: Secured a strategic investment and partnership to provide AI-driven financial analysis for commercial lending, demonstrating confidence in Numerated's technology.
Operational Insights
Numerated's platform offers several competitive advantages:
- Efficiency Gains: Significantly reduces the time required for loan origination and underwriting, enhancing operational efficiency for financial institutions.
- Comprehensive Product Suite: Supports a wide range of business banking products, including secured and unsecured loans, lines of credit, and digital account opening.
- Scalability: The platform's modular design allows for easy integration and scalability, accommodating the needs of various financial institutions.
Strategic Opportunities and Future Directions
Looking ahead, Numerated aims to:
- Expand Market Reach: Increase adoption among financial institutions of all sizes, including larger banks and credit unions.
- Enhance Product Offerings: Develop additional features and integrations to further streamline the lending process.
- Leverage Data Analytics: Utilize data insights to offer more personalized and efficient lending solutions.
Contact Information
- Official Website: www.numerated.com
- Social Media Profiles:
This comprehensive profile provides an overview of Numerated's operations, strategic focus, financials, technological innovations, leadership, competitive landscape, and future directions.
