Mirador Financial, a Portland, OR-based provider of a small business lending platform and data services, raised $2m in seed funding.
Investors included Collaborative Fund, Crosslink Capital, Vesta Corporation, Wicklow Capital and angels Eric Bunting, Bruce Gibney, Robert Harteveldt, Awy Julianto, George Kenny, Bruce Weinstein and Bill Ullman.
The company intends to use the funds for accelerating R&D and expanding its sales organization.
Founded in 2013 by Trevor Dryer, former head of Intuit Mobile Payments and machine learning scientist Dr. William Beaver, former VP of Technology, Client Solutions at Datek (TD Ameritrade)Mirador Financial leverages data science to allow banks, credit unions and lending nonprofits to provide credit to small businesses, while increasing the speed of transactions for all participants.
Using the SaaS platform, banks can quickly assess risk and offer loan pricing to small businesses whose shorter operating histories previously made it impossible to obtain loans.