Bucharest, Romania and Tallinn, Estonia – Jul 7, 2026
● The cooperation supports secure and compliant cross-border credit data access for
banks across Europe.
● The partnership places strong emphasis on GDPR compliance, customer consent and
secure data exchange.
● Mifundo connects credit data from 20+ European countries, covering more than 70% of
Europe.
Biroul de Credit, the dominant and historically established banking credit bureau in Romania, and Mifundo have entered into a cooperation agreement to help European banks assess Romanian customers who are often treated as thin-file applicants despite having established financial histories in Romania. Through access to verified Romanian credit data and financial histories, European banks can assess Romanian customers whose financial history is fully or partly outside the country more accurately and with up to 7x lower risk using cross-border credit data.
Cross-border data access through the Mifundo platform is based on customer consent,
GDPR-compliant processing and secure data exchange aligned with European regulatory
requirements. “Romania has one of the European Union’s largest diaspora populations, with millions of Romanians living and working across Europe,” said Cristian Racu, CEO at Biroul de Credit. “Banks increasingly need secure and compliant ways to assess customers whose financial histories span multiple countries. Our cooperation with Mifundo supports responsible access to verified Romanian credit data while maintaining strong standards for customer consent and data protection.”
“Many cross-border customers are treated as thin-file applicants because parts of their financial history sit outside domestic bureau systems,” said Kaido Saar, Founder and CEO of Mifundo. “As cross-border banking grows across Europe, banks need infrastructure that supports both responsible lending and strong compliance standards. Our cooperation with Biroul de Credit supports secure and transparent access to verified credit data from Romania while maintaining a strong focus on customer consent and data protection.”
