Cuna Mutual Group has acquired Portland-based digital small business lending platform Mirador. Financial Terms of the deal were not disclosed.
Mirador’s platform promises to enable banks and credit unions to profitably make loan decisions within 24 hour through a fast, smart and secure cloud-based experience. The startup's network is a digital lending marketplace connecting small business with lending options that has processed more than $2 billion in applications.
The takeover comes a little over a year after Cuna took a minority stake, through its venture capital unit, in Mirador.
Robert Trunzo, CEO, Cuna, says: "Through this acquisition, Mirador’s digital lending platform will complement our existing portfolio of lending solutions to help credit unions grow small business loans and deliver an exceptional lending experience to their members."
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