Wednesday, November 29, 2017

Mirador Reaches $1 Billion In Loan Requests

Portland-based fintech startup Mirador, a provider of white-label, lending platforms for regional, mid-sized, community banks, and credit unions, says it has just surpassed total loans through its platform of $1 billion since it started in 2014. Mirador's software platform is used by small businesses to apply for business loans at those various financial institutions. Mirador is led by co-founder and CEO Trevor Dryer. The company said that lenders save around $1,550 in average cost savings in loan origination by using its platform. Miradro says its customers include Umpqua Bank, NYBDC, Zions Bank, Hanmi Bank, First Foundation and Tompkins Financial, plus others. Mirador is venture backed by Core Innovation Capital, Nyca Partners, Jump Capital, Collaborative Fund, Wicklow Capital, and Crosslink Capital.