BBJ: Numerated is the fastest growing private company in MA | News
The Boston Business Journal’s Fast 50 2022 list ranks the fastest growing private companies in Massachusetts based on revenue growth between 2018 and 2021
BOSTON, May 23, 2022 /PRNewswire-PRWeb/ — Numerated, the fintech that helps financial institutions transform the way they lend to businesses, ranks #1 on Boston Business Journal’s Fast 50 2022 list. The annual list ranks from Massachusetts fastest growing private companies based on their previous three years of revenue growth.
Founded in 2017, Numerated has helped over 100 banks and credit unions process over $50 billion in loans for nearly half a million American businesses. Its modern loan origination system has been used by more than 30,000 financial institution associates to reduce the time it takes to approve term loans, lines of credit and deposit accounts from days to minutes.
“It’s a pretty awesome recognition to be on the BBJ Fast 50 this year,” said the co-founder and CEO. Dan O’Malley. “After the past two crazy years of what Numerated has accomplished during COVID – incredible growth, incredible use of our platform – our team has come together in ways we simply couldn’t have predicted before this crisis from happening and I’m proud to be recognized in this way.”
The first 2022 BBJ Fast 50 ranking is just the latest recognition for a startup gaining momentum. Earlier this year, FinTech Breakthrough named Numerated the best business lending platform and in 2021, Numerated was ranked the 32nd fastest growing private company in the country by Inc. Magazine.
Learn more about Numerated and how financial institutions are leveraging its Modern Line of Credit to increase small business loans fivefold by visiting http://www.numerated.com today.
Numerated is transforming the way financial institutions lend to businesses. Banks and credit unions are using Numerated’s modern loan origination system to meet business expectations for digital convenience while realizing significant efficiencies. The platform uses data to streamline creations of any business banking product, from application to decision to close. Over 400,000 businesses and 30,000 financial institution associates have used the platform to process more than $50 billion in lending, making Numerated the fastest growing fintech SaaS company out of 2021 Inc. 5,000.