Mifundo selected for €2.5M grant from European Innovation Council Accelerator
This milestone represents a significant leap forward in our journey.
We're happy to announce that Mifundo has secured €2.5 million in grant funding plus equity investment from the prestigious European Innovation Council (EIC) Accelerator program.
Selected from nearly 1,000 companies in a highly competitive process, Mifundo joins 68 innovative firms recognized for developing technologies of strategic importance to Europe with disruptive global potential. The EIC will invest a total of 411 million euros in this cohort of groundbreaking companies.
"With this funding, we plan to integrate more countries, advance our pan-European data model, and expand our data service coverage within the EU," states Kaido Saar, CEO and Founder of Mifundo.
The support from the European Commission validates our mission to revolutionize the financial sector by enabling seamless cross-border credit data transfer. As Europeans become increasingly mobile, our solution addresses a critical gap in the market – ensuring that people's financial identities and credit histories can move with them across borders.
Being selected for the EIC Accelerator places Mifundo among Europe's most promising deep-tech innovators. The program not only provides financial backing but also opens doors to strategic guidance, networking opportunities, and additional investment to scale our solution.
This milestone represents a significant leap forward in our journey to create portable financial identities for all Europeans.
