Numerated, a pioneering FinTech company, has secured a strategic investment from Citi.
The investment was made through Citi’s Markets Strategic Investments unit.
Numerated is a modular commercial lending platform known for its efficiency and adaptability across various credit processes. It significantly reduces the time required for financial analysis, streamlining operations from days to just hours. This improvement not only boosts operational efficiency but also ensures comprehensive data tracking and detailed risk assessments of clients.
Moreover, Numerated’s technology supports a variety of data formats, including handwritten notes and digital files, showcasing its versatility. The use of advanced machine learning algorithms ensures the data is accurately captured and normalized, maintaining consistency regardless of the original format.
David O’Malley, president at Numerated, expressed, “We are elated to be selected by Citi as a provider for its lending technology suite. This signifies not only an investment in our technology but also a testament to the confidence Citi has in our capabilities.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
