“Miren is building the next generation of lending software. Miren saves community lenders 20+ hours per week so they can spend less time on manual tasks and more time on tasks that drive impact for their clients.”
While in grad school, she learned that Latino small business owners were 60% less likely to be approved for a loan than their white counterparts even with all business performance set as equal. Gaby went door-to-door talking to small businesses and cold-called lenders across the US that worked with minority small business owners to learn why this gap in financing capital exists. Ultimately, she learned community lenders are not equipped with the right tools to lend efficiently and profitably to credit-thin, subprime and new-to-credit applicants. That’s why Gaby founded Miren which provides lenders with an out-of-the-box solution that includes a built-in CRM, program and application management, loan servicing and outcome tracking. Today Miren addresses back office inefficiencies, lenders experience and provides a seamless, user-friendly experience for applicants and borrowers.
About Founder | LinkedIn |
Gaby is from Queens, NY and darn proud of it. She was raised by a mother who worked three jobs, seven days a week. Growing up in a working-class immigrant community, she realized the products that managed the wealth of her community were not built with their needs in mind. After a career in product management and marketing at American Express and Goldman Sachs, Gaby joined a joint-degree program to earn her MBA from The Wharton School and Masters in computer science from The University of Pennsylvania.
As an impact fund manager focused on bridging the wealth gap in the US, Inicio Ventures increases Latinx participation and success in the startup economy by supporting and investing in startup leaders that identify as Hispanic.
The average wealth for Latinx families is less than $8,000, while the US average is closer to $150,000
Latinx-led startups as an aggregate have never received more than 2% of venture capital or impact investing capital
There continues to be very few venture capital and impact investing professionals who identify as Hispanic
This reflects the magnitude of the opportunity our investments and programs have to build Latinx wealth
We are just getting started and are incredibly proud of the founders and fellows we support
DEI talent strategies are an important component to our portfolio
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Generation 1: Equity Fund
Launchpad: Grant Fund