Numerated continues to be recognized as one of the fastest-growing fintech companies in the U.S.
BOSTON—Numerated today announced it ranked No. 29 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28th year. Numerated grew 5,887 percent during this period.Since Numerated’s founding in 2017, the platform has helped more than 100 financial institutions reinvent the way they lend to businesses by radically simplifying the loan origination process. Numerated continually innovates business lending with robust solutions in everything from loan origination, to digital underwriting, and digital account opening.
“For the last five years, we’ve worked tirelessly to create a solution that makes business banking easy, so financial institutions can focus on what they do best: building valuable relationships with customers,” said Numerated CEO and co-founder Dan O’Malley. “This award is a testament to all of our employees and their dedication to bringing this vision to life for lenders."
“As the past year has shown us, innovation in important areas such as life sciences is critical to addressing infectious disease and other global health issues,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In addition, technology must keep pace with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges. Each year I am in awe of the immense talent the Technology Fast 500 rankings reveal, confirming the winners’ relentless pursuit of creativity and their ability to solve real-world problems that benefit us all.”
“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements.”
This recognition adds to an already impressive year for Numerated. In 2022, Numerated has been recognized as the fastest growing fintech SaaS company on the Inc. 5,000, the fastest-growing company on the Boston Business Journal Fast 50, and a Fintech Breakthrough award recipient for the fourth consecutive year.
Overall, 2022 Technology Fast 500™ companies achieved revenue growth ranging from 241 percent to 125,138 percent from 2018 to 2021, with median growth of 611 percent.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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. 500,000 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.
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