Numerated: Raised $15 million in a Series B funding

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Numerated: Raised $15 million in a Series B funding

Numerated: Raised $15 million in a Series B funding

  • Around three quarters of banks in the US face a declining number of deposit relationships
  • Numerated says it can help reverse the trend and assist banks in attracting new customers
  • This means banks can pre-qualify businesses for products
  • When the technology initially developed within Eastern Bank
  • The funding used to accelerate platform expansion and keep pace with demand from existing
  • Then traditional model for growth in banking was to build branches