Cuna Mutual Group has acquired Portland-based digital lending platform Mirador for an undisclosed amount. Mirador helps banks and credit unions digitize their services to compete against OnDeck and other online lenders.
Mirador’s leading digital lending platform powers a new type of relationship between small businesses and lenders, enabling banks and credit unions to profitably decision loans within 24 hours or less. The Mirador platform is designed to provide a fast, smart and secure cloud-based experience that turns burdensome paperwork into a streamlined, efficient process to the delight of borrowers and lenders, and connects small businesses to the funds they need to grow through its digital lending marketplace. Mirador works with banks, credit unions, and financial institutions across the country. “Today’s small business lending marketplace requires traditional lenders to couple their approach to relationship banking with greater efficiency and scale. Borrowers expect a fully digital and intuitive experience,” said Trevor Dryer, cofounder and CEO, Mirador.
https://news.cuna.org/articles/115268-cu-system-headlines-template