- Credit data platform Mifundo has partnered with open banking infrastructure provider Yapily.
- The combination of Mifundo’s cross-border credit assessment platform with enriched bank account data from Yapily will make it easier for lenders to serve borrowers who live and work in multiple countries, and provide more accurate credit assessments overall.
- Estonia-based Mifundo most recently demonstrated its technology at FinovateEurope 2026 in London.
Pan-European credit data platform Mifundo has teamed up with Yapily, an open banking infrastructure provider based in London. The partnership will combine Yapily’s enriched bank account data with Mifundo’s cross-border credit assessment platform via Yapily’s Data Plus product. Combined with verified credit bureau information from European markets, this data will enable the creation of a single, standardized, cross-border credit report. This will allow lenders to benefit from having multiple sources and types of financial information consolidated into a single report.
“Cross-border credit assessment requires more than one type of financial data,” Mifundo Founder and CEO Kaido Saar said. “Credit bureau data shows how a customer has managed credit over time, while open banking data provides additional insight into their current financial situation. Mifundo brings these different data sources together across countries and standardizes them into one report that banks can use in their credit assessment. Yapily is an important partner in providing open banking connectivity within that wider ecosystem.”
Currently, even as cross-border consumer lending is growing, credit data is typically siloed behind national borders. A consumer may have a strong credit history in one country, but have virtually no credit history in another country where they may be seeking to obtain a loan due to the absence of portable data or cross-border data access. The combination of Mifundo’s credit bureau and registry network and Yapily’s open banking connectivity will enable banks and other lenders to see a more complete picture of a borrower’s finances, their long-term credit management, and their current financial situation.
The partnership also comes at a key moment as the revised Consumer Credit Directive (CCD2) will apply throughout the European Union from November 20, 2026. Article 6 of this directive includes a non-discrimination provision when it comes to accessing consumer credit, which includes discrimination based on a borrower’s place of residence.
“Open banking has an important role to play in making financial data more accessible across borders, and to do that, it needs data that is ready to act on the moment it lands, not a raw feed that still has to be interpreted,” Yapily Director of Sales EMEA, Irene Brime, said. “Our Data Plus product delivers bank account information already categorized and enriched, complementing credit bureau information and helping lenders build a more complete view of customers with financial histories across different countries. We are excited to be partnered with Mifundo and to contribute to a solution addressing a real challenge for European lenders.”
Open banking API infrastructure platform Yapily securely connects its customers to thousands of banks across Europe, enabling them to access financial data, initiate payments and conduct other operations from credit assessment to onboarding. Founded in 2017 and headquartered in London, the company recently reported 2025 revenues that were up 2.5x over 2024, and has achieved and sustained profitability since Q1 2025.
Headquartered in Tallinn, Estonia, and founded in 2022, Mifundo most recently demoed its technology at FinovateEurope 2026. At the conference, the company demonstrated how its cross-border credit data solution enables banks to access the verified credit history of borrowers from other countries. This helps them make lending decisions that are not just more accurate, but also avoid discriminating against worthy borrowers who live, work, or move across international borders. Mifundo makes foreign credit data accessible, standardized, and operational within existing bank processes, facilitating compliant, scalable cross-border lending across the European Union.
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