Mifundo and Yapily Partner to Unlock Cross-Border Credit Assessment for 45 Million Europeans

Mifundo and Yapily have partnered to integrate open banking data into cross-border credit reports, addressing the fragmentation of financial histories for 45 million mobile Europeans. For fintech professionals and lenders, this collaboration provides a standardised view of borrower creditworthiness across borders, arriving just as new EU regulations mandate non-discriminatory access to credit.

What was announced

The partnership integrates Yapily’s open banking infrastructure into Mifundo’s pan-European credit data platform. Specifically, Mifundo will utilise Yapily’s Data Plus product to access enriched and categorised bank account information. This data is then combined with verified credit bureau information from various European markets to create a single, standardised cross-border credit report. For lenders, this means different sources of financial information can be delivered together in one report rather than being collected and interpreted separately.

The initiative targets a significant market gap: while there are an estimated €719 billion in cross-border consumer loans, credit data remains siloed within national borders. A consumer might have years of credit history in one country but struggle to secure a loan in another due to the lack of portable data. Mifundo’s network of credit bureaus and registers, now bolstered by Yapily’s connectivity, allows banks to see a customer’s long-term credit management alongside their current financial situation with the customer's consent.

The timing is strategic, aligning with the implementation of the revised Consumer Credit Directive (CCD2) across the European Union from 20 November 2026. Article 6 of this directive introduces a non-discrimination principle for access to consumer credit, including based on a consumer’s place of residence. By providing a unified data feed, the partnership helps lenders comply with these upcoming regulatory requirements while reducing the operational burden of interpreting raw data feeds from multiple jurisdictions.

"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. Mifundo brings these different data sources together across countries and standardises 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."

Kaido Saar, Co-Founder & CEO at Mifundo.

The companies involved

Mifundo is an Estonian-headquartered fintech that operates a pan-European credit data platform. The company focuses on making financial histories portable and usable across Europe, specifically addressing the difficulties banks face when building a complete financial picture of customers whose histories span multiple countries. By aggregating data from credit bureaus and open banking providers into a standardised format, Mifundo provides the infrastructure necessary for cross-border lending at scale.

Yapily is an open banking infrastructure provider that enables financial institutions and fintechs to access bank account data and initiate payments. Unlike aggregators that focus on retail-facing applications, Yapily positions itself as a pure infrastructure layer, offering deep connectivity into the European banking ecosystem. The company has a significant footprint in key European markets and provides extensive coverage for both retail and SME accounts. Its Data Plus product is designed to transform raw transaction data into enriched, categorised insights, which is critical for the automated credit scoring models used by modern lenders to assess risk more accurately.

What FF News has reported before

FF News has closely followed the expansion of both companies as they build out the European financial data ecosystem. We recently covered how Yapily Supports Google To Provide Bank Account Verification Services for Business Customers in Europe, highlighting the firm's utility for global technology giants. Yapily’s role in the SME market was also noted when Yapily and Allica Bank Join Forces to streamline account funding. Mifundo has also been active in securing data partnerships, as seen when Mifundo and CRIF Switzerland partnered to enhance cross-border data access. Additionally, Yapily’s influence in the financial management space was evidenced when RiseUp Partners With Yapily to bridge the gap between insights and payments.

What this means

This partnership signals a shift in the credit market from national silos toward a truly European infrastructure. As the CCD2 deadline approaches, the pressure is on traditional lenders to modernise their risk assessment tools or face regulatory scrutiny over residency-based discrimination. The combination of historical bureau data with real-time open banking insights puts significant pressure on legacy credit scoring agencies that rely solely on domestic data. The industry must now grapple with the challenge of data standardisation; while Mifundo and Yapily are providing the connectivity, the ultimate success of cross-border lending depends on whether banks are willing to trust external, aggregated scores over their own internal, country-specific models.