Citi is strategically investing in Numerated and engaging the company to provide its financial spreading solution for the bank’s enterprise lending operations. Citi made the investment through its markets strategic investments unit.
“Investing in Numerated underscores our dedication to driving innovation on a global scale,” Katya Chupryna, director at Citi’s markets strategic investments unit, said. “We witnessed first-hand their innovative approach to commercial lending, enabling financial institutions to exceed borrower efficiency and convenience.”
“We are elated to be selected by Citi as a provider for its lending technology suite,” David O’Malley, president at Numerated, said. “This signifies not only an investment in our technology but also a testament to the confidence Citi has in our capabilities.”
“Our global partnership with Numerated shows our commitment to investing in modern enterprise lending solutions as well as better understanding our customers,” Mike Hershkowitz, head of wholesale lending product management at Citi, said.
