Mifundo and CRIF Switzerland: a partnership to enhance cross-border credit data access for European banks
Mifundo partners with CRIF Switzerland to make Swiss credit data accessible to European banks
Tallinn & Zurich, July 22 2025 – Mifundo, the fintech building Europe's unified cross-border credit data platform, today announced a strategic partnership with CRIF Switzerland, the leading Swiss provider of credit risk management solutions. The collaboration integrates CRIF's comprehensive Swiss credit data with Mifundo's pan-European network, enabling European banks to gain instant access to Swiss credit information when serving Swiss mobile professionals.
The partnership addresses a significant gap in European financial mobility. Swiss professionals working across Europe often face lengthy verification processes when applying for banking services, as European banks cannot easily access their Swiss credit histories. Through this integration, European banks can access comprehensive Swiss credit data instantly via Mifundo's platform.
"Adding Swiss data to our platform represents another crucial step toward making banking truly borderless across Europe," said Kaido Saar, CEO of Mifundo. "Swiss professionals contribute significantly to Europe's economic dynamism as they work across European countries. This partnership advances our mission of creating a passportable financial identity that works everywhere in Europe by ensuring people’s credit history follows them wherever they go."
Daniel Gamma, Director Corporate Sales at CRIF Switzerland, commented: "With over 30 years of experience serving financial institutions, we recognize the strategic importance of enabling seamless cross-border credit assessment. Our partnership with Mifundo marks a significant milestone in advancing European financial integration. This collaboration empowers European banks with access to reliable Swiss credit data through a unified platform, essential for enabling financial inclusion. We're proud to leverage our expertise to build infrastructure that not only benefits financial institutions but also supports the dynamic needs of mobile professionals”
The technical integration maintains full compliance with GDPR and Swiss data protection standards while providing banks with reliable information for confident lending decisions. Mifundo’s experience has shown up to 7x reduction in credit risk and 15% increase in business volume for banks using reliable credit histories to serve cross-border customers.
CRIF Switzerland brings three decades of market expertise and proven infrastructure serving thousands of financial institutions to the partnership. The collaboration strengthens Mifundo's pan-European network, whose passportable identity platform now covers over 70% of European population.
The partnership supports the EU's broader vision of integrated financial services by connecting national credit systems through robust data infrastructure. Both companies have received substantial validation for this approach, with Mifundo securing €10 million from the European Innovation Council and recognition as Europe's LendTech of the Year 2023.
About Mifundo
Mifundo connects people’s financial histories across European countries, enabling instant access to banking and credit services for the 45 million expats and multi-country residents in Europe – so no one has to start over. Addressing the €719 billion cross-border lending market for individuals, Mifundo creates a passportable financial identity, a unified credit profile that moves with you across borders. By partnering with leading European credit bureaus and registers, Mifundo is building the first unified credit data network in Europe. Recognized among Europe’s top 15 fintechs by Mastercard Lighthouse, Mifundo was named Startup of the Year and LendTech of the Year at the Europe Fintech Awards 2023 and selected as FinTech Startup of the Year 2023 at the Banking Technology Awards. Backed by €10 million from the European Innovation Council, Tera Ventures, and leading tech investors, Mifundo is making seamless cross-border finance a reality.
About CRIF Switzerland
CRIF Switzerland is part of CRIF, a global company specializing in credit and business information systems, analytics, outsourcing and processing services, as well as advanced digital and open banking solutions for business development. CRIF aims to create value for consumers, businesses and financial institutions by providing information and solutions that enable more powerful decision-making, improve access to credit and accelerate digital innovation. CRIF also offers fraud prevention and cybersecurity services to consumers and SMEs. Furthermore, CRIF Ratings, a credit rating agency authorized by ESMA and recognized as an ECAI, provides ratings on non-financial companies based in the EU. CRIF is also an AISP in all European countries where the PSD2 directive for open banking is applicable, and an AISP in the UK. Founded in Bologna in 1988, today the company operates in 37 countries across 4 continents, with over 6,600 professionals. Over 10,500 banks and financial institutions, more than 450 insurance companies, 90,000 businesses and 1,000,000 consumers currently use CRIF’s services.
For more information: www.crif.com
Media Contact:
Kaido Saar
CEO and Co Founder of Mifundo
