Commercial Lending Comparison
Numerated vs Abrigo: Side-by-Side Comparison
Two commercial lending platforms compared on features, pricing, risk tools, and fit for community banks and commercial lenders.
Our Analysis
Abrigo offers the tightest origination-to-risk integration in community banking, with CECL, BSA/AML, and risk models embedded alongside loan workflows. Numerated, now backed by Moody's credit analytics, focuses on digitizing the relationship manager experience through automated data gathering and spreading. Banks under regulatory pressure for CRE concentrations should prioritize Abrigo's risk toolkit at $50K-$250K/year. Banks whose pain point is manual data entry and who want to keep existing compliance tools get faster ROI from Numerated's automation at $75K-$300K/year.
At a Glance
Numerated
Moody's
Full LOS Small BusinessCommercialEquipment
- HQ
- Boston, MA
- Founded
- 2017
- Deployment
- cloud
- Size Fit
- Small (under $1B assets), Midsize ($1B-$10B assets)
- Pricing
- Custom pricing; estimated $75K–$300K/year for mid-size community banks
- Users
- Hundreds of banks
- Market Share
- Widely adopted among U.S. community and regional banks; grew rapidly during PPP
Abrigo
Abrigo
Full LOS CommercialSmall BusinessSBACREConstructionAgricultureConsumer
- HQ
- Austin, TX
- Founded
- 2019
- Deployment
- cloud
- Size Fit
- Small (under $1B assets), Midsize ($1B-$10B assets)
- Pricing
- Typically $50K–$250K/year depending on asset size and modules selected
- Users
- 2,400+ financial institutions (across all products)
- Market Share
- Used by 2,400+ financial institutions across lending and compliance products
Feature-by-Feature Comparison
| Feature | Numerated | Abrigo | Edge |
|---|---|---|---|
| Loan Types | Small Business, Commercial, Equipment | Commercial, Small Business, SBA, CRE, Construction, Agriculture, Consumer | Abrigo |
| Deployment | cloud | cloud | Tie |
| Pricing Model | SaaS subscription | Subscription (modular — LOS, credit risk, compliance sold separately or bundled) | Tie |
| Pricing Range | Custom pricing; estimated $75K–$300K/year for mid-size community banks | Typically $50K–$250K/year depending on asset size and modules selected | Tie |
| Product Category | Full LOS | Full LOS | Tie |
| Core Integrations | Fiserv, Jack Henry, FIS | Fiserv, Jack Henry, FIS | Tie |
| Best For | Community and regional banks ($500M–$50B) that want to digitize business banking origination with automated data gathering, spreading, scoring, and document preparation | Community banks under $10B that need integrated commercial loan origination with credit risk analytics and BSA/AML compliance | Tie |
| Lender Segments | Banks | Banks, Credit Unions | Abrigo |
| Size Fit | Small (under $1B assets), Midsize ($1B-$10B assets) | Small (under $1B assets), Midsize ($1B-$10B assets) | Tie |
Key Differences
- Numerated covers Equipment lending while Abrigo covers SBA, CRE, Construction, Agriculture, Consumer lending.
- Numerated targets Banks, whereas Abrigo focuses on Banks, Credit Unions.
Choose Numerated if...
- ▸ Dramatically reduces manual data entry in business lending
- ▸ Proven at scale during PPP — battle-tested under high volume
- ▸ Now backed by Moody's financial stability and credit analytics
- ▸ Fast implementation compared to enterprise LOS replacements
Choose Abrigo if...
- ▸ Unmatched integration between origination and credit risk analytics
- ▸ Purpose-built for community bank commercial lending workflows
- ▸ Strong regulatory and compliance toolkit (CECL, CRE concentration, BSA)
- ▸ 2,400+ FI customer base provides deep community banking expertise
Frequently Asked Questions
Which reduces manual work more for relationship managers?
Numerated specifically targets manual data entry by automating gathering from borrower financials and public sources. Abrigo automates spreading and credit memos but is a heavier platform oriented around comprehensive risk management.
Does the Moody's acquisition make Numerated comparable to Abrigo on risk?
Not yet. Moody's adds credit analytics depth, but Abrigo's integrated CECL reporting, BSA/AML monitoring, and stress testing still represent a more comprehensive risk suite for community banks.
Which serves a broader asset-size range?
Numerated targets $500M-$50B banks, reaching well into regional territory. Abrigo focuses on $200M-$10B community banks with deeper specialization. Numerated's wider asset-size range reflects its lighter-weight deployment model and digital overlay approach.
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