Numerated Growth Technologies, Inc.
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Numerated Growth Technologies, Inc. - overview
Established
2017
Location
Boston, MA, US
Primary Industry
Software
About
Based in the US, Numerated Growth Technologies specializes in modernizing commercial loan origination processes through advanced technology solutions that enhance efficiency and risk assessment in the financial sector. Founded in 2017, Numerated Growth Technologies is headquartered in Boston, US. The company provides innovative solutions for commercial loan origination and has completed five funding deals. The latest round occurred in November 2024, raising USD 15.
00 mn in a Series B round led by Patriot Financial Partners with participation from FINTOP Capital, Hyperplane Venture Capital, and Venrock. The founders include Dan O'Malley, who also serves as the CEO, and Justin Sousa, along with Laurence Stock. Numerated Growth Technologies offers a comprehensive suite of products primarily focused on commercial loan origination through its Lending Suite. This solution modernizes the entire loan origination life cycle by addressing inefficient manual processes and fragmented systems.
The Lending Suite leverages advanced technology such as automation and artificial intelligence to streamline the loan process, from credit requests to closing documentation. Its core user base includes banking institutions, insurance companies, and public sector organizations across North America, Europe, and Asia-Pacific, providing robust financial and credit risk analysis capabilities to facilitate informed decision-making and effective risk management. Numerated Growth Technologies generates revenue primarily through subscription-based models for its Lending Suite services, providing clients access to a range of digital tools for loan origination. Clients engage with the firm through structured partnerships, subscribing to various components of the Lending Suite, which includes proprietary data and analytics.
While specific pricing details are not disclosed, the offerings encompass advanced risk management tools and market insights, enabling a recurring revenue model that delivers continuous value to clients. In November 2024, Moody’s Corporation acquired Numerated Growth Technologies, Inc. to enhance its loan origination and monitoring solutions. The acquisition will support Numerated's strategy to expand into new markets, though specific expansion plans have yet to be detailed.
The recent funding from the Series B round will be instrumental in supporting these growth initiatives, aligning with Moody's broader objectives in the financial technology space.
Current Investors
Venrock, Cultivation Capital, FIS
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.numerated.com/
Verticals
Artificial Intelligence, Big Data, FinTech
Company Stage
Acquired
Total Amount Raised
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