Mirador
Mirador provides a cloud-based digital lending platform designed to streamline the small business loan application process for banks, credit unions, and financial institutions. The platform aims to turn burdensome paperwork into an efficient process, delighting both borrowers and lenders. It focuses on improving business loan application completion rates and reducing processing time. Mirador leverages machine learning and alternative data to assess borrower risk more effectively, making it easier to extend credit to small and medium-sized businesses. The company was acquired by CUNA Mutual Group in December 2018.
Mirador
Mirador provides a cloud-based digital lending platform designed to streamline the small business loan application process for banks, credit unions, and financial institutions. The platform aims to turn burdensome paperwork into an efficient process, delighting both borrowers and lenders. It focuses on improving business loan application completion rates and reducing processing time. Mirador leverages machine learning and alternative data to assess borrower risk more effectively, making it easier to extend credit to small and medium-sized businesses. The company was acquired by CUNA Mutual Group in December 2018.
TL;DR
Founded: 2014
Headquarters: Portland, Oregon
Product: Cloud-based digital small-business lending platform (white-label)
Acquisition: Acquired by CUNA Mutual Group (Dec 2018)
Tech: Uses machine learning and alternative data for borrower risk assessment
Company Overview
Problem Domain
Small-business lending workflow inefficiencies and borrower friction during loan application and underwriting.
Founded
2014
Industry
Fintech / Financial services (small-business lending software)
Funding Track Record
Latest documented funding round date
Investor Signal
“Received investment from CMFG Ventures (CUNA Mutual Group's venture arm) in August 2017; later acquired by CUNA Mutual Group in December 2018.”