Cross-border
credit data
for banks
Licensed by FSA
Cross-border lending in EU
does not function
does not function
Clients
- No credit to expats & multi-country people in EU
- No actual freedom to move in EU
Banks
- No capability to assess credit risk of foreigners
- High cost to even test any new country
Mifundo - pan-EU cross-border credit data for banks
Passportable Financial Identity for consumers
Passportable Financial Identity for consumers
Use cases
For customers
Customer moving out of home country.
- Relocation to a new country
- Daily commuting between multiple countries
- Buying property in another country, eg second home, holiday house
For banks
Foreign customers in bank’s home country
- Data from cross-border credit bureaus
- Data from other cross-border registries
- Foreign bank account statement analysis
- Data analysis and risk scoring
- Affordability calculations, Probability of Default prediction, standardised Credit Score
- Possible to report back to the cross-border credit bureau to reduce credit risk
Additional options
New foreign customers from Mifundo
- Customers looking for a bank in Mifundo
- Pre-defined risk appetite matched to appropriate customers
- Mifundo sends customer´s full data and credit risk assessment to bank
Starting operations in new country
- Expanding with low cost and low risk
- Live market studies and small-scale operations
- One single connection with Mifundo = multiple countries
Choose your plan
In all cases connection over API or manual process in the bank portal of Mifundo.
Beside EU data also certain non-EU countries are available.
Main
Data collection & risk analysis
Includes:
- Data from cross-border credit bureaus
- Data from other cross-border registries
- Foreign bank account statement analysis
- Data analysis and risk scoring
Optional:
- Combining data from multiple countries into one single analysis
- Reporting back to foreign credit bureau
- AML & PEP check
Bonus
New foreign customers
- Loan applications
- Collecting data from customer
- Preparing and signing loan contract
Team
Our team members have built up a bank operating in 9 countries and have experience from Skype, Bolt, Pipedrive.
Kaido Saar
CEO, Co-founder
Marko Käis
Tech Architect, Co-founder
Keiu Kalaus
CPO
Jüri Pruulmann
CTO
Shahab Anbarjafari
Machine Learning Expert
Artis Gromuls
Chief Data Officer
Liis Halling
Chief Legal Officer
Sergei Anikin
Tech Advisor
International recognition
