Mifundo

Mifundo is a disruptive AI-based data-solution which enables cross-border lending for the people and banks in Europe.

People might have a brilliant credit history in own country but if moving to another country they are NOBODY. 45 million people (10% of population), expats, digital nomads or other multi-country persons, are underserved in EU. Credit products have strict country borders because data is highly fragmented: 27 member states, 50+ credit bureaus and each bureau operates only in own country silo.

Mifundo AI engine unifies data from different countries into one single data-hub, exercises full-scale credit analysis and calculates standardised credit score:

- Banks get cross-border credit information, including the outcome of credit analysis and underlaying raw data. It reduces the risk and barriers in granting credit products to foreigners up to 10x.

- Consumers get Verified & Passportable Financial Identity with personal pan-EU risk score. Sharing verified data profile to the banks opens credit products in another country.

Mifundo is run by highly experienced team which in past built successfully up a bank operating in 10 European countries. The company is licensed by Financial Supervision Authority (FSA) in Estonia. Mifundo is also a impact solution by contributing to ESG goals of economic growth (8) and financial inclusion (10 - reducing inequalities).

Although the first version of product was introduced in 2023 it has already gained wide range of mentionings and reputable awards in the industry:

- Winner in Europe Fintech Awards 2023: LendTech of the Year, Startup of the Year

- Winner oh Banking Tech Awards 2023 in London

- Selected by Mastercard as top15 most promising fintech companies in Northern Europe and involved into programme Lighthouse, spring 2023

- Finalist of fintech contest in Euro Banking Association EBAday 2023, Madrid