Mifundo's cross-border data technology allows banks to serve clients from other European countries. As a result, European banks can enjoy improved data quality, more accurate credit assessments, and greater business opportunities by providing financial services to citizens relocating to other European countries. Banks can reduce credit risk of their foreign customers by up to 7 times and increase business volume by 15%

Mifundo is the first fintech funded by the European Innovation Council (EIC) as strategically important technology for Europe, building a cross-border credit data system across the EU. Mifundo has also been awarded Europe Fintech of the Year 2023 and recognized at the Banking Tech Awards 2023.