Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: In Europe, 45 million people are expats, have ties to multiple countries, or plan to buy property abroad. Yet, their excellent credit history often doesn’t transfer across borders, leaving them untrusted by foreign banks. With private loans in the EU totalling €7.2 trillion, up to €720 billion could be issued if this trust gap is bridged. Mifundo, an Estonian company, solves this by providing pan-EU credit data to address this challenge.

How they describe their product/innovation: Mifundo’s data solution offers cross-border credit information and standardised credit scores, reducing banks’ credit risk for foreign customers by up to 7x. The platform can be accessed online, either manually or through APIs. It integrates Credit Bureau data with open banking information, presenting it in a uniform format to ensure clarity for Credit Officers, regardless of the country, currency, or language. Mifundo also generates a standardised credit score, enabling seamless comparison across different scoring systems.

Product distribution strategy: Direct to Business (B2B), Through financial institutions

Credit Union/Community Bank Fit: Credit unions and community banks

Contacts:

Bus. Dev.: Alex Blay (Head of Strategic Partnerships), [email protected], +34607811052
Press: Kaisa Pilnik (Marketing Manager), [email protected], +37256660062