Numerated is once again breaking into the fintech space this year by expanding its technology to even more areas of merchant banking and innovating rapidly to help banks and credit unions cope with the COVID-19 pandemic.
March 16, 2021
Numbered, the fast-growing fintech leading the digitalization of business lending in banks and credit unions, has been selected as the winner of the “Best Business Lending Company” award in the fifth annual FinTech Breakthrough Awards. The prize is awarded by FinTech breakthrough, an independent market intelligence organization that recognizes the best companies, technologies and products in today’s global FinTech market.
Numerated facilitates business loans for financial institutions and their corporate clients using data. Its award-winning digital lending solution extracts data at every stage of loan granting, including pre-populating requests for borrowers, aggregating data to speed up reviews and offers, and building credit packages. ready-to-run documents for fully digital fencing. To date, more than 400,000 businesses have used Numerated’s digital app and borrowing experience to process $ 50 billion in loans.
In 2020, Numerated’s innovation took center stage as lenders embraced digitization during the COVID-19 pandemic. Since the launch of the Paycheck Protection Program (PPP), Numerated has become a strategic partner for institutions of all sizes, working to distribute more than $ 40 billion in relief funds to small businesses. The platform processed $ 400 million per hour at the peak of demand for PPP loans, ultimately reducing the time it takes for financial institutions to process loans from an average of 15 hours to less than two.
Today, more than 140 banks and credit unions with $ 1,000 billion in combined assets use Numerated to create award-winning digital borrowing and account opening experiences for businesses.
“In an age where every hour, minute and second counts, our platform brings the speed and efficiency necessary for lenders to better meet the needs of their corporate clients, whatever the circumstances,” said Dan O’Malley. , co-founder and CEO. of Digitized. “Being recognized this year by FinTech Breakthrough as ‘Best Business Lending Company‘ is a milestone for us and I consider it a testament to the hard work and innovative approach taken by the entire Numerated team. and customers. ”
“Numerated is once again breaking into the fintech space this year by expanding its technology to even more areas of business banking and innovating rapidly to help banks and credit unions cope with the COVID-19 pandemic,” said James Johnson, managing director of FinTech Breakthrough. “The company has demonstrated an incredibly high level of innovation and we are delighted to be named ‘Best Global Business Lending Company’ as part of the 2021 FinTech Breakthrough Awards program. ”
The FinTech Breakthrough Awards are the premier awards program founded to recognize FinTech innovators, leaders and visionaries around the world in various categories including Digital Banking, Personal Finance, Loans, Payments, Investments, RegTech, InsurTech and many others. The 2021 FinTech Breakthrough Award program has attracted more than 3,850 nominations from around the world.
Numerated is a fast growing fintech that makes it easy to get business loans and account open using data. Financial institutions use Numerated’s platform to meet corporate clients’ expectations for digital convenience, including easy-to-launch digital app, digital lending and digital account opening solutions. Over 400,000 businesses have trusted Numerated to process $ 50 billion in loans from 140 financial institutions, including Bremer Bank, Dollar Bank, Eastern Bank, MidFirst Bank, Montecito Bank & Trust, People’s United Bank, Pinnacle Bank, etc. . The company was recently recognized as one of the 250 Best FinTechs of 2020 by CB Insights and the Most Innovative Industry Partner of 2020 by Barlow Research Associates.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technological innovation and leadership worldwide, the FinTech Breakthrough Awards program is dedicated to honoring excellence in business and product technologies and financial services. The FinTech Breakthrough Awards publicly recognize the achievements of FinTech companies and products in categories such as Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information, visit FinTechBreakthrough.com.
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