Reflecting on 2024: Mifundo's year of breakthrough growth
What we learned in 2024 — and where we’re going in 2025
As 2024 draws to a close, we're taking a moment to reflect on what has been a transformative year for Mifundo.
Our journey this year has been marked by significant milestones that have propelled us toward our vision of borderless financial identities across Europe.
- Strategic funding: Our €10 million funding round, supported by the European Innovation Council (EIC) Accelerator program, the European Commission, and the European Investment Bank, has provided the resources needed to scale our solution across the continent.
- Market expansion: We've extended our coverage to 50% of the EU population, creating a substantial network effect that benefits both consumers seeking financial mobility and banks looking to serve international clients.
- Team growth: We've welcomed exceptional talent, including Enrique Velazquez as our Chief Government and Public Affairs Officer, bringing deep expertise in EU policy, and Virgi Nael as our Ethics Officer, strengthening our commitment to responsible data practices.
- Regulatory achievement: Securing an additional FSA license has enabled us to support cross-border mortgages, expanding the range of financial products we can facilitate across borders.
- Geographic expansion: We established a presence in Portugal's fintech ecosystem, further strengthening our European footprint and mission.
- Industry recognition: Earning "Highly Commended" status at the Banking Tech Awards 2024 validated our approach and technology in the eyes of the financial industry.
As we look toward 2025, we remain committed to our mission of creating portable financial identities that empower European citizens to maintain their financial credibility wherever they go. Our expanded partnerships with credit bureaus, growing network of banking relationships, and enhanced technological capabilities position us to make even greater strides in the coming year.
We’re grateful to our team, partners, investors, and clients who have been instrumental in our success this year. Together, we're reshaping the future of cross-border finance in Europe.
