Mifundo, an Estonia-based fintech firm developing a unified European cross-border credit data platform, has announced a strategic partnership with CRIF Switzerland, a key provider of credit risk management solutions in the country.
The collaboration will see CRIF’s Swiss credit data integrated into Mifundo’s pan-European network, allowing banks across Europe to access Swiss credit histories in real time.
This aims to address the difficulties Swiss professionals face when applying for financial services abroad, where banks are often unable to verify their credit background.
“Adding Swiss data to our platform represents another crucial step toward making banking truly borderless across Europe,”
said Kaido Saar, CEO of Mifundo.
“Swiss professionals contribute significantly to Europe’s economic dynamism as they work across European countries. This partnership advances our mission of creating a passportable financial identity that works everywhere in Europe by ensuring people’s credit history follows them wherever they go.”
Daniel Gamma, Director Corporate Sales at CRIF Switzerland, added:

“This collaboration empowers European banks with access to reliable Swiss credit data through a unified platform, essential for enabling financial inclusion. We’re proud to leverage our expertise to build infrastructure that not only benefits financial institutions but also supports the dynamic needs of mobile professionals.”
The integration complies fully with GDPR and Swiss data protection regulations, providing banks with access to verified credit data to support lending decisions.
Mifundo reports that using verified cross-border credit histories has led to a reduction in credit risk by up to seven times and a 15% increase in business volume for banks.
CRIF Switzerland brings more than three decades of experience and a robust client base of financial institutions to the collaboration.
The partnership expands Mifundo’s reach, with its platform now covering over 70% of the European population.
The collaboration also aligns with the European Union’s broader objective of financial services integration, facilitating the connection of national credit systems through secure and compliant data-sharing infrastructure.
Mifundo has previously secured €10 million from the European Innovation Council.
Featured image credit: Edited by Fintech News Switzerland, based on image by Who is Danny via Freepik