Veteran SaaS executive David O’Malley joins Numerated to help fintech transform the way financial institutions lend to businesses
BOSTON—Numerated, the fintech helping financial institutions transform how they lend to businesses, today announced the addition of David O’Malley as President. With a track record of accelerating sales at high-growth SaaS and pre-IPO companies, O’Malley will play a key role in Numerated’s continued success.
O’Malley brings with him more than 30 years of experience as an executive who specializes in scaling growth and creating long-term value for organizations. His past roles include President of the Financial Services Market Unit at SAP, Senior Vice President at TransUnion, Head of Sales for the Americas at Oracle, and, most recently, as Chief Revenue Officer for Alida. O’Malley also has deep experience at FIS, where he served as managing director and vice president over the course of a decade. Additionally, O’Malley’s tenure as SVP at Open Solutions culminated in a $1.2B acquisition by FISERV.
“What Numerated has built over the last five years is game changing for the business and commercial lending space,” said O’Malley. “I’m excited to be joining a team that is truly compelled to be the best and that, every day, challenges what it means to be a modern loan origination system.”
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. To date, the fintech has helped over 100 banks and credit unions transform business banking at their institutions through the use of Numerated’s modern Loan Origination System and playbooks for success in business lending.
“David is an established leader who is committed to helping Numerated reach its full potential,” said Co-Founder and CEO Dan O’Malley (no relation). “With his deep knowledge of banking and unique experiences leading world-class organizations, we’re confident David will help us continue to build upon our momentum and reach our next phase of growth.”
Numerated’s modern LOS helps borrowers secure approval for business loans, lines of credit, and deposit accounts in minutes rather than days, by automating or entirely eliminating most of the tedious work associated with these complicated financial products. 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.
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 2021 Inc. 5,000.