Numerated Joins Moody's Lending Suite Through Acquisition

Deal News | Nov 21, 2024 | Nested Rails LLC

Moody's Corporation has announced the acquisition of Numerated Growth Technologies, a company specializing in loan origination platforms for financial institutions. This strategic acquisition enhances Moody’s Lending Suite capabilities, offering customers a comprehensive end-to-end loan origination and monitoring solution across the credit lifecycle. Numerated's integration follows an earlier collaboration initiated in January 2024, where its technologies were combined with Moody's credit assessment and underwriting capabilities. Combining Numerated's expertise in data-driven bank lending and artificial intelligence with Moody’s analytical tools aims to streamline the application, decision-making, and closing processes in bank lending. Despite the acquisition's strategic significance, the financial terms remain undisclosed, and it is not expected to significantly impact Moody’s 2024 fiscal results.

Sectors

  • Financial Technology
  • Credit Ratings and Financial Analysis

Geography

  • United States – Moody's Corporation is headquartered in the U.S., and the acquisition of Numerated Growth Technologies, an American company, is notable in the context of the U.S. financial industry.

Industry

  • Financial Technology – The article involves Numerated Growth Technologies, which provides a loan origination platform using data and artificial intelligence.
  • Credit Ratings and Financial Analysis – Moody's Corporation is a well-known credit ratings agency that provides analytical solutions and insights into the financial markets.

Financials

  • Not disclosed – The terms of the acquisition of Numerated Growth Technologies by Moody's Corporation were not disclosed.

Participants

NameRoleTypeDescription
Moody's CorporationAcquirerCompanyA leading provider of credit ratings, research, and risk analysis.
Numerated Growth TechnologiesTargetCompanyA financial technology company specializing in loan origination platforms.