Mifundo

Mifundo is an innovative fintech startup based in Estonia, founded in 2022. The company positions itself as a pioneering force in enabling cross-border lending within Europe through its Data-solution which enables cross-border lending for people and banks in Europe. By creating a Verified & Passportable Financial Identity, Mifundo allows consumers to be reliably assessed by financial institutions across the EU.

The core technology of Mifundo aggregates credit bureau information across Europe, supplements it with open banking data, and generates a standardized credit score, effectively cutting the credit risk of foreign customers by up to 7x, while potentially increasing business volume by 15%. This product has earned Mifundo numerous accolades, including LendTech of the Year and Fintech Startup of the Year 2023.

Backed by a €2.50M grant from the European Innovation Council in July 2024, Mifundo is positioned as a significant player in the fintech landscape, with recognition from key industry bodies including Mastercard and the Euro Banking Association.