• Mirador

  Participated · Seed · Nov 2014

  Mirador is a Portland, Oregon-based fintech that provides a fully digital platform for lending to small businesses. Led by CEO Trevor Dryer, the company supports lenders with a modern approach to borrower engagement. Its technology enables a fully integrated digital workflow covering borrower acquisition, the loan application process, decisioning and borrower communication. Mirador says it will use the investment to expand operations. No revenue or user metrics were disclosed in the article. Mirador has developed machine learning technology for banks, credit unions and other traditional lenders to enable competitive small business lending. Its cloud-based, custom-branded borrower application does not require integration with a lender’s legacy systems and enables rapid credit evaluations and an online borrower experience with a streamlined workflow for review and underwriting of commercial loans. The platform collects credit reports, tax transcripts, account statements and financial records directly from electronic information services, the borrower’s bank and online accounting systems. Mirador generates a complete loan file, including a detailed credit memo and a risk summary derived from thousands of data points from non-traditional sources to inform underwriting. The company plans to add more financial institutions to its online lending platform and expand its product development team. Mirador is led by CEO and co-founder Trevor Dryer and is based in Portland, Oregon. Mirador Financial operates a SaaS small-business lending platform and provides data services that leverage data science to enable credit provision by banks, credit unions and lending nonprofits. The platform helps banks quickly assess risk and offer loan pricing to small businesses with shorter operating histories, increasing the speed of transactions for participants. Founded in 2013 by Trevor Dryer (formerly head of Intuit Mobile Payments) and Dr. William Beaver (formerly VP of Technology, Client Solutions at Datek), the company applies machine learning and data-driven decisioning. Mirador raised $2M in seed funding and intends to use the proceeds to accelerate R&D and expand its sales organization. Headquartered in Portland, Oregon, the product aims to make lending more accessible to small businesses previously unable to obtain loans due to limited operating histories.

No current team members are available.