A Message from Trevor Dryer, Co-Founder & CEO:
On behalf of the Mirador team, I'm thrilled to announce that Mirador has been acquired by CUNA Mutual Group, a financially strong insurance, financial technology, and investment company dedicated to helping people achieve financial security. You can read the press release here.
Since we founded Mirador in 2014,- my co-founder, William Beaver, and I have been committed to our mission of ‘engineering the lending revolution' and the shared belief in the power of digital technology to transform the lending process and broaden access to capital. Countless hard-working small business owners have shared their stories with us about the difficulty with accessing reasonably-priced capital needed to grow their businesses. And, lenders have told us how challenging it is to originate small business loans cost effectively. In building Mirador, we set out to bridge this gap and help more capital flow to these small businesses, which are the engine of growth of our economy.
In 2017, CMFG Ventures, the venture capital entity of CUNA Mutual Group invested in Mirador and, over the past many months, this relationship has exceeded our expectations. This led us to the conversations resulting in today's announcement, and the excitement ahead.
Within CUNA Mutual Group, Mirador will continue to operate much like it does today. You will continue to see the Mirador brand front and center; our headquarters will remain in Portland, OR and our focus on providing our bank partners and financial institutions the best-in-class digital lending experience via the Mirador Platform, will continue.
On a personal note, I am proud of the team we have assembled and the company we have built. We just recently crossed $2B in loans requested through our platform and signed two very large banks as customers. We have seen businesses funded through our platform grow, expand and create jobs. We have heard from lenders and borrowers how the platform has changed the way they do business so dramatically that they can't imagine going back to the old way of doing things. This is meaningful progress, yet we are just getting started.
By becoming a member company of the CUNA Mutual Group, we will accelerate our vision of ‘engineering the lending revolution.' We will double down on platform research and development, broaden our reach to thousands of financial institutions, and continue to bring innovative new products to market to serve small businesses. Our customers will continue to see the responsiveness, thoughtful design, and high level of service that has defined Mirador. That is my personal commitment to you our partners as we start this exciting new chapter.
Thank you for all of your support and interest in Mirador. We are excited about our future with CUNA Mutual Group and will continue to provide you with updates as we move forward on this exciting new journey.
For more information about CUNA Mutual Group, please go here.