Mifundo partners with Yapily for cross-border credit
Estonian credit data platform Mifundo has partnered with open banking firm Yapily to combine credit bureau and bank account data, aiming to give lenders a
Mifundo, a Tallinn-based pan-European credit data platform, has partnered with London open banking infrastructure provider Yapily. The deal integrates Yapily's enriched bank account data into Mifundo's system to create more complete cross-border credit profiles for lenders.
Europe has an estimated 45 million mobile citizens and a cross-border consumer lending market worth €719 billion. Yet a person's credit history, bank accounts, and loan applications often span multiple countries. For lenders, piecing together a customer's full financial picture from fragmented national sources remains a significant challenge.
Combining credit and banking data
Mifundo aggregates verified credit information from bureaus and registers across more than 20 European countries. Through the new partnership, it will now combine that data with categorised and enriched bank account information from Yapily's Data Plus product. All data is accessed with customer consent.
For lenders, this means different financial information sources are delivered in one standardised report. They no longer need to collect and interpret data from separate sources. "Cross-border credit assessment requires more than one type of financial data," says Kaido Saar, Founder and CEO of Mifundo. He states credit bureau data shows historical credit management, while open banking data provides insight into a customer's current financial situation.
The role of open banking
Yapily's open banking infrastructure provides the connectivity. Its Data Plus product delivers bank account information that is already categorised and enriched, rather than a raw data feed. "Open banking has an important role to play in making financial data more accessible across borders," states Irene Brime, Director of Sales EMEA in Commercial at Yapily. She says ready-to-use data complements credit bureau information to help lenders build a more complete customer view.
Mifundo selects partners based on their local expertise and coverage. Yapily's strength in several key European markets and its coverage of SME and corporate accounts made it a suitable partner for Mifundo's wider open banking network.
Regulatory drivers and future impact
The partnership gains relevance from upcoming European Union regulation. The revised Consumer Credit Directive (CCD2) comes into force from 20 November 2026. Its Article 6 introduces a non-discrimination principle for access to consumer credit, including based on a consumer's place of residence.
By connecting verified credit information across Europe and complementing it with open banking data, Mifundo is building infrastructure to make financial histories more portable. The system aims to support lenders in complying with the new non-discrimination rules while assessing customers whose financial lives span multiple countries.
