Mifundo has secured €1.2 million in pre-seed funding to develop a unified credit market in the EU, aimed at enhancing financial access across the region.
Information on the Target
Mifundo aims to create a unified credit market in the European Union, focusing on reducing financial inequality and improving access to financial services for all European citizens. By developing innovative solutions, Mifundo aspires to bring about significant changes in how credit is accessed and utilized across the EU.
Having successfully raised €1.2 million in a pre-seed round, Mifundo is positioned to disrupt the current credit landscape. The funding round was led by Tera Ventures, with contributions from existing investor Opus11 VC and notable angel investors, including Mihkel Karu, a former executive at Skype, and Sergei Anikin, a co-founder of Pipedrive.
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Industry Overview in the Target’s Specific Country
The financial services industry in the EU is experiencing a transformative phase with the advent of open banking, which has significantly advanced processes related to payments, fo
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in 2023
in a Pre-Seed Stage deal
Disclosed details
Enterprise Value: $411M
Equity Value: $1M