Estonia

Estonia’s Mifundo Raises €1.2 Million in Pre-seed Funding Round

by Fintechnews Baltic November 22, 2022

Estonian cross border lending platform Mifundo has raised €1.2 million in pre-seed funding led by Opus11 VC, with angel investors LHV Bank’s Jüri Laur and Iizi Kindlustusmaakler’s Kaido Kepp.

Mifundo aims to build a platform to enable people to apply for loans from banks across the European Union and is building an AI-based solution that treats the bloc as a single credit market.

The platform is being developed with scientists from the University of Tartu, with the support of the European Regional Development Fund and EAS.

Mifundo is headquartered in Tallinn, Estonia, and was founded in 2018 by the former CEO of Estonian digital bank Bigbank.

Kaido Saar

“Our vision is to turn the entire European Union into one credit market. We become a bridge between people and banks,”

said Kaido Saar, Founder and CEO, Mifundo.

Featured image credit: Kaido Saar, Founder and CEO, Mifundo