Mifundo secures €10 Million to transform cross-border credit profiles in the EU
It’s a clear signal that our vision—to eliminate financial borders within Europe—is both needed and possible.
Today marks a pivotal moment in Mifundo's journey as we announce securing €10 million in funding to advance our mission of building portable credit profiles across the European Union.
Led by Tera Ventures with participation from Opus11 VC and seasoned angel investors, this investment represents more than just capital – it's a vote of confidence in our vision to eliminate financial borders within Europe.
"This funding allows us to scale our cross-border data technology, enabling banks to effectively serve clients from across Europe," explains Kaido Saar, CEO and founder of Mifundo. "European banks can now enjoy improved data quality, more accurate credit assessments, and greater business opportunities when providing financial services to citizens relocating within the EU."
The reality is stark: millions of Europeans move across borders yearly, yet their financial identities don't follow them. Our solution bridges this gap, unlocking a €719B expat lending market while helping Europeans maintain their financial credibility wherever they go.
As we deploy this investment, we'll expand our data coverage, refine our AI-driven scoring models, and strengthen our partnerships with financial institutions and credit bureaus across the continent – with the goal to make finance across Europe truly borderless.
