Boston based bank digitization platform has closed a $15m Series B led by Patriot Financial Partners.
Numerated applies machine learning and artificial intelligence to data from inside and outside of banks, pre-qualifying businesses for a bank’s products and offering these businesses convenient real-time borrowing experiences that provide financing in as few as three minutes. “The traditional model for growth in banking was to build branches, hire experienced bankers, and expect that relationships would follow. This inbound sales model is broken,” said Dan O’Malley, founder and CEO of Numerated. “Growth banks have realized that if they want to win business today, they must proactively build relationships and immediately prove their value to customers. We’re proud to be providing banks with a modern set of business development tools and real-time customer experiences that empowers bankers to do just this.”