Numerated Acquires Fincura to Take the Pain out of Financial Spreading for Business Lenders and Their Borrowers

With acquisition Numerated will provide a faster business lending experience and improved risk analysis

BOSTON–(BUSINESS WIRE)–Numerated, the Inc. 5000’s fastest-growing fintech SaaS company, has acquired Fincura Inc., adding spreading automation and financial analysis to Numerated’s Digital Loan Origination System. The strategic acquisition expands Numerated’s underwriting capabilities for business loans that require deep financial analysis, improving the experience for lenders and their borrowers, and ultimately saving valuable time while improving the financial institution’s understanding of risk.

Like Numerated, Fincura was founded in 2017—by bankers, for bankers—with the goal of taking the frustration out of traditional spreading processes through the use of data and technology. Fincura’s solution combines Optical Character Recognition (OCR), Artificial Intelligence, and an intuitive lender experience to automate the time-consuming, error-prone process of financial spreading and analysis when underwriting business loans. These capabilities have already been embedded into Numerated’s Digital Loan Origination System and will be available to all customers starting in Q1 2022.

With this acquisition, Numerated users will be able to:

  • Automatically extract and normalize data from any financial statement or tax return in minutes.
  • Quickly spread and analyze complex financials with 100 percent accuracy, using a combination of AI and lender controls.
  • Easily configure and administer spreading templates to ensure underwriting consistency across lenders.

“Numerated was founded on a vision of radically simplifying business banking for financial institutions and their clients through data,” said Numerated CEO and co-founder Dan O’Malley. “And much of that data is buried in financial statements and tax returns—making the process slow for both the financial institution and their business clients. With the Fincura acquisition we simultaneously make progress against two of our fundamental goals: a significantly better borrower experience and reduced work for bankers. This acquisition is another major milestone on our journey to building the future of business banking.”

“Fincura set out to solve a significant problem for financial institutions in helping them rapidly and accurately analyze the finances of a business by creating an awesome loan application experience for the borrower, and trustworthy data for the banker,” said Fincura CEO and co-founder Max Blumenthal. “Joining forces with Numerated makes perfect sense as it combines best-in-class spreading and financial analysis capabilities with a complete and modern business origination platform. Together, we will deliver an unparalleled experience to Numerated and Fincura clients.”

To learn more about Numerated’s Digital Loan Origination System, visit

About Numerated

Numerated is a SaaS digital loan origination system for business banking that dramatically reduces work for financial institutions and their customers by using data. Banks and credit unions use Numerated to meet businesses’ expectations for digital convenience, and to bring efficiency gains to internal teams. The platform’s unique use of data streamlines originations for any business banking product, from application to decision to close. More than 500,000 businesses and 30,000 financial institution associates have leveraged the platform to process over $50 billion in lending, making Numerated the fastest-growing fintech SaaS company on the 2021 Inc. 5,000.

About Fincura

Fincura unlocks data that is trapped in financial statements, spreadsheets, databases, and workflow tools for commercial lenders to optimize operations and future-proof their business. By marrying artificial intelligence and human judgment, Fincura’s financial insight engine extracts financial data from scanned, unstructured documents and ensures that every team has easy access to a unified, transparent, and deep data asset. Fincura’s cloud-based architecture and focus on user experience power simple integrations, fast onboarding, and a product that adapts to its customers’ evolving needs.


Sal Trifilio

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