Mifundo Partners with Yapily for Pan-European Credit Assessments

Pan-European credit data platform Mifundo has joined forces with London-based open banking infrastructure provider Yapily to address a persistent challenge in European lending: assessing creditworthiness across borders. The collaboration connects Yapily's Data Plus product — which delivers enriched bank account information — with Mifundo's cross-border credit assessment platform.

The combined offering merges verified credit bureau data from European markets with real-time banking insights, producing a single, standardised cross-border credit report. Lenders gain access to multiple sources and types of financial information consolidated into one view, streamlining their underwriting processes.

Even as cross-border consumer lending grows across Europe, credit data typically remains trapped within national borders. A borrower with a strong credit history in one country may appear as a blank slate in another, lacking portable data or cross-border access that lenders can verify.

Cross-border credit assessment requires more than one type of financial data. Credit bureau data shows how a customer has managed credit over time, while open banking data provides additional insight into their current financial situation.

By connecting Mifundo's credit bureau and registry network with Yapily's open banking infrastructure, the partnership enables banks to view both a borrower's long-term credit management and their current financial position — regardless of where that history was built.

The partnership arrives as the revised Consumer Credit Directive (CCD2) takes effect across the European Union from November 20, 2026. Article 6 of the directive includes a non-discrimination provision when it comes to accessing consumer credit, prohibiting discrimination based on a borrower's place of residence.

The rule creates fresh compliance pressure for lenders operating across EU member states, making cross-border credit assessment tools more critical for institutions seeking to serve mobile European consumers without running afoul of new protections.

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's Data Plus product delivers bank account information already categorised and enriched, complementing credit bureau information to help lenders build a more complete view of customers with financial histories spanning different countries. The London-based company's API infrastructure securely connects customers to thousands of banks across Europe, enabling data access, payment initiation, and other operations from credit assessment to onboarding.

Founded in 2017, Yapily reported 2025 revenues that were up 2.5x over 2024 and has sustained profitability since Q1 2025.

Headquartered in Tallinn, Estonia, and founded in 2022, Mifundo most recently demonstrated its technology at FinovateEurope 2026 in London. At the conference, the company showcased how its cross-border credit data solution enables banks to access verified credit history of borrowers from other countries.

The platform helps lenders make more accurate decisions while avoiding discrimination against creditworthy borrowers who live, work, or move across international borders. Mifundo makes foreign credit data accessible, standardised, and operational within existing bank processes, facilitating compliant, scalable cross-border lending across the European Union.