Numerated, the digital LOS transforming the way that financial institutions lend to businesses, is the No. 1 fastest-growing fintech SaaS platform according to the 2022 Inc. 5,000
BOSTON (August 16, 2022)— Numerated, the fintech transforming the way financial institutions lend to businesses, has been ranked the fastest-growing fintech SaaS platform, the fastest-growing company in Massachusetts, and the 65th fastest-growing company in the United States on this year’s Inc. 5,000 list of the fastest-growing private companies. This is Numerated’s second consecutive year ranking No. 1 in Boston.
Since ranking No. 32 on last year’s Inc. 5,000 list, Numerated has been reinvesting its resources from growth into transforming more of the market for commercial loans. In the U.S. alone, financial institutions hold more than $5 trillion in commercial loans, most of which have been created through time consuming manual processes and legacy software.
“Most financial institutions have an urgent problem. Their primary business is commercial lending, but their existing systems aren’t able to provide the fast and easy access to capital their business customers now expect,” said Numerated co-founder and CEO Dan O’Malley. “Our growth is a testament to how we have been able to solve this problem for more and more financial institutions that trust us to create transformation.”
Numerated provides a digital loan origination system (LOS) that financial institutions use to make commercial lending fast and easy for both their staff and business customers. The platform uses data and artificial intelligence to reduce the effort and time required to make a loan. It can be used as an institution’s primary business LOS, or integrated into other lending systems to provide the digital experiences and efficiencies they cannot. Over 140 financial institutions have leveraged Numerated to process more than $50 billion in lending to businesses.
Since 1982, Inc. Magazine has released a list of the fastest growing private companies in the U.S. each year recognizing the rapid growth of companies in their early stages like Microsoft, Intuit, and Zappos.
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 platform on the 2022 Inc. 5,000.