Numerated

Numerated provides a digital loan origination platform for financial institutions, utilizing data and artificial intelligence to streamline business banking. The company was founded in 2017 by Dan O'Malley and Laurence Stock and is headquartered in Boston, Massachusetts. A pivotal moment in its history occurred in November 2024, when it was acquired by Moody's Corporation to be integrated into Moody's Lending Suite, creating a comprehensive end-to-end loan origination and monitoring solution. This acquisition followed a partnership announced in January 2024 that combined Numerated's technology with Moody's credit assessment and underwriting expertise.

The company's origins are closely tied to founder Dan O'Malley's background in both banking and entrepreneurship. Prior to Numerated, O'Malley was the Chief Digital Officer at Eastern Bank, where he led a fintech incubator that developed the core technology. After the technology demonstrated its ability to significantly expand the bank's business lending portfolio, O'Malley spun it out as an independent company in 2017. His previous experience includes co-founding the neobank PerkStreet Financial and serving as an executive at Capital One.

Numerated's business model is centered on providing its platform as a Software-as-a-Service (SaaS) solution to banks and credit unions. The platform is designed to digitize and automate every stage of the commercial lending process, from application and data collection to underwriting, decision-making, and closing. This improves operational efficiency for lenders and offers a more convenient digital experience for business borrowers. Key features include digital applications with pre-filled data, automated workflows, secure document collection, collateral analysis automation, and e-signature capabilities. The platform supports a range of products, including both secured and unsecured loans and lines of credit. Since its inception, the platform has been used by financial institutions with combined assets of $3 trillion to process over $65 billion in lending for more than 500,000 businesses.

Keywords: digital lending, loan origination system, commercial lending, business banking, fintech, credit lifecycle management, AI in finance, underwriting automation, Moody's Lending Suite, financial software, credit risk management, lending automation, bank technology, digital transformation, business loan application, collateral analysis, portfolio monitoring, Dan O'Malley, end-to-end lending, credit assessment