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Numerated is a technology company.
Numerated provides a digital lending and sales automation platform designed for financial institutions to streamline their business banking operations. The company utilizes data and artificial intelligence to enhance the entire lending lifecycle, from application and decision-making to closing, thereby simplifying and accelerating the process for banks, credit unions, and their business clients. This technological approach enables financial institutions to offer a more efficient and user-friendly experience in commercial lending.
The company was founded in 2017 by Dan O'Malley and Joe Maxwell. O'Malley, who previously served as chief digital officer at Eastern Bank, brought a deep understanding of the challenges and opportunities within traditional banking. This experience provided the foundational insight into the necessity of digital transformation for business lending, leading to the creation of Numerated to address inefficiencies in financial institutions' existing processes.
Numerated’s platform serves a diverse range of banks and credit unions seeking to modernize their lending capabilities. The company’s vision is centered on fundamentally transforming how financial institutions interact with businesses, making borrowing and other banking services significantly more accessible and less time-consuming. It aims to empower financial institutions to deliver a truly digital experience for their business customers.
Numerated has raised $32.0M across 3 funding rounds.
Numerated has raised $32.0M in total across 3 funding rounds.
Numerated has raised $32.0M in total across 3 funding rounds.
Numerated's investors include Jerry Plush, FINTOP Capital, Hyperplane Venture Capital, Venrock, FIS, Fenway Summer, Raj Date, Cultivation Capital, Bright FinTech, Bob Rivers, Thomas Fraser.
Numerated is a fintech company that builds an AI-driven digital lending and sales automation platform used by banks and credit unions to streamline commercial and small-business lending from application through decision and closing[5][2].
High-Level overview
Origin story
Core differentiators
Role in the broader tech landscape
Quick take & future outlook
Quick take: Numerated turned a clear operational pain—manual financial spreading and fragmented origination—into a data‑driven SaaS solution, and its acquisition by Moody’s signals that end‑to‑end origination plus integrated credit analytics is now strategic for lenders aiming to scale digital business lending[4][5].
Numerated has raised $32.0M across 3 funding rounds. Most recently, it raised $15.0M Series B in September 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 10, 2019 | $15.0M Series B | Jerry Plush | FINTOP Capital, Hyperplane Venture Capital, Venrock |
| Nov 1, 2018 | $8.0M Series A | FINTOP Capital, FIS, Venrock | Fenway Summer, Raj Date |
| May 17, 2017 | $9.0M Other Equity | Cultivation Capital, Venrock | Bright FinTech, Bob Rivers, Thomas Fraser, FIS, Hyperplane Venture Capital |