Mifundo has developed the first cross-border platform for portable credit profiles, aggregating credit bureau data and integrating it with open banking to enable cross-border credit decisions. The company aims to create a more unified credit market across the EU, reduce financial inequality, and enable banks to serve customers relocating between European countries. Mifundo says its technology can reduce credit risk of foreign customers by up to seven times and increase business volume for banks by about 15%. The startup has been recognized as LendTech of the Year and Fintech Startup of the Year at the Europe Fintech Awards 2023 and participated in Mastercard’s Lighthouse program. Mifundo was also featured in the AI Innovator Spotlight of the Innovation Radar Bridge project, highlighting its AI-driven approach to credit data aggregation. Its current financing includes a €10 million package combining pre-seed equity, grants, and matched EIC funding to support platform development and EU rollout.

Total raised

$11M

Funding rounds

3

Latest round

Grant

Latest activity

Sep 2024