Newburyport Bank Selects Numerated to Power Digital Business Banking for the Greater Seacoast Region

Numerated Marketing

October 11, 2022

Numerated’s modern loan origination system will enable MA and NH businesses to seamlessly navigate the loan application and funding processNewburyportBank_PressRelease_Blog

BOSTON—Numerated, the financial technology company transforming how financial institutions lend to businesses, has partnered with Newburyport Bank to power digital lending for businesses along Massachusetts’ and New Hampshire’s Greater Seacoast Region. Newburyport is a state-chartered mutual savings bank with more than $1.5B in assets. Its mission is to help their neighbors and local businesses navigate life’s journey well. The financial institution has been a staple in the region since 1854.

“A core part of our mission at Newburyport Bank is finding new ways to serve our customers well,” said Stephanie Santos, Newburyport Bank’s Vice President, Business Banking Manager. “We chose Numerated to help us transform our business banking segment and provide our customers with the fastest, easiest, and most convenient business lending experience available today.”

Numerated’s modern loan origination system helps borrowers secure approval for business loans, lines of credit, and deposit accounts in minutes rather than days. The platform pulls in data at each stage of origination, saving time for lenders and customers. Efficiencies include pre-filling applications, automating spreading, aggregating data and scoring applications, and fully automating the preparation of document packages.

“Newburyport Bank has proven time and again to be one of the most innovative community institutions around, in their use of technology to provide customers with the best experiences available,” said Dan O’Malley, Numerated’s co-founder and CEO. “We’re excited to partner with them in this mission, and bring digital lending to businesses in their neighborhoods.”

As the fastest-growing private company in Boston, according to Inc. Magazine and the Boston Business Journal, Numerated has processed more than $50B in loans to nearly half-a-million American businesses. The fintech has helped over 140 banks and credit unions transform business banking at their institutions through the use of Numerated's unique technology and playbooks for success in business lending. The award-winning platform is fast and easy to implement, learn, and use, with more than 30,000 financial institution associates having leveraged the platform, to date.

Learn how Numerated can help your financial institution transform the way you lend to businesses, by contacting us today.

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About Newburyport Bank
Newburyport Bank is a state-chartered mutual savings bank headquartered in Newburyport, MA. The Bank was founded in 1854 and currently has 11 locations in both Massachusetts and New Hampshire, and over $1.5 billion in assets. Deposits at Newburyport Bank are federally insured by the Federal Deposit Insurance Corporation (FDIC), with excess insurance provided by the Depositors Insurance Fund (DIF). As the premier full-service community bank in the Greater Seacoast Region, the Bank offers a complete range of personal and business products and services, as well as the most advanced technologies in online and mobile banking. In addition to its ongoing commitment to the needs of the community, in 2003, the Newburyport Bank Charitable Foundation was created to further carry out the Bank’s long history of community involvement by providing grants to local nonprofit organizations. For further information call toll-free 844-639-3483, or visit the Bank’s website at NMLS # 413282.

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About Numerated
Numerated transforms the way financial institutions lend to businesses. Banks and credit unions use Numerated’s modern Loan Origination System to meet businesses’ expectations for digital convenience while driving significant gains in efficiency. The platform uses data to streamline originations for any business banking product, from application to decision to close. More than 400,000 businesses and 30,000 financial institution associates have leveraged the platform to process over $50 billion in lending, making Numerated the fastest-growing fintech SaaS company on the 2022 Inc. 5,000.

Media Contact:
Emma Schoth

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