De novo Agility Bank opts for Numerated’s loan origination platform
De novo bank Agility Bank has selected digital lending software from fintech start-up Numerated.
Agility is a primarily women-owned and women-led commercial community bank based in Houston, Texas, US. It is being established under a special Minority Depository Institution charter of the Office of the Comptroller of the Currency (OCC).
The bank says it “is committed to bringing the community bank of the future to small- and medium-sized businesses (SMBs) with a focus on those owned by women and minorities”.
Numerated will provide its Software-as-a-Service (SaaS) loan origination platform for Agility’s full suite of business banking products.
“We looked for providers with a proven and nimble tech stack that would allow us to hit the ground running on day one and be agile in using data in innovative ways,” says Lauren Sparks, founder, chairwoman, and CEO of Agility.
“With Numerated, our lending and account team will use a single, flexible platform to originate our full suite of business banking products with the client-centric, digital-first experience that today’s business owners deserve and want.”
Numerated was founded in 2017 and is based in Boston. According to the vendor, 140+ community and regional financial institutions have used its platform to process more than $50 billion in lending for over 400,000 businesses.
At the end of last year, Numerated acquired Fincura, a fellow Boston start-up.