With Mifundo, people who relocate, live abroad, or work across different countries — such as expats or cross‑border commuters — can carry their credit history with them. This makes it easier for them to access loans, mortgages, or other credit products even when they move to a new country, because banks get a transparent, comprehensive view of their international financial background.
For banks and lenders, Mifundo reduces foreign‑customer risk significantly: cross‑border credit risk can drop up to seven times when using Mifundo’s verified data. Many lenders report that this leads to more loan approvals, lower default rates, and expanded access to credit for previously underserved clients.
Mifundo operates via a simple three‑step flow: the lender creates a data request, the customer consents and completes a verification flow, and the lender receives a standardized credit report covering personal data, credit history, liabilities, and income — even across multiple countries if needed. This process replaces lengthy manual checks or local‑only credit history constraints with a streamlined, secure, and privacy‑compliant alternative.
Founded in 2018 by experienced banking and fintech professionals, Mifundo has gained recognition across Europe. The company has received investment from the European Innovation Council and has been awarded at several fintech and banking‑tech events for its innovation in cross‑border credit data.
In short, Mifundo builds a pan‑European credit data infrastructure — making credit portable across borders, enabling banks to serve mobile customers fairly, and helping individuals unlock loans and financial services regardless of where they currently live.
