Bits, a Stockholm-based supplier of compliance and onboarding infrastructure for regulated FinTech corporations and banks, has raised €12 million in Collection A funding to be able to deepen automation throughout monetary crime workflows and broaden protection of further regulatory and information sources.
The spherical was led by Alstin Capital, with participation from Cherry Ventures, Uncommon Ventures, and Alliance Ventures. Haval van Drumpt, Chief Govt of Tre Sweden, additionally invested.
This follows their 2023 €4 million spherical, as reported by EU-Startups.
“Our prospects must scale, convert, and stay compliant on the similar time,” says Jonatan Klintberg, CEO and co-founder of Bits. “We constructed Bits to make compliance a development enabler moderately than a bottleneck. By unifying onboarding, fraud, and AML workflows in a single platform, groups achieve the pace, management, and confidence wanted to broaden throughout Europe.”
Alongside Bits’ Collection A, sector evaluation from 2025–2026 factors to continued funding in European compliance, threat and monetary crime infrastructure.
Berlin-based Taktile raised €51.5 million in February 2025 to broaden its AI-driven decisioning platform throughout onboarding, credit score, fraud and compliance workflows for monetary establishments, with a deal with deeper automation throughout the chance lifecycle.
This underlines sustained investor curiosity in automating regulatory and monetary crime workflows throughout the area.
“For regulated entities, compliance is turning into a platform problem, which can’t be addressed by point-solutions. Bits Expertise unifies AML and fraud workflows into one system with constant decisioning and auditability. The product is phenomenal and it reveals the staff understands compliance operations from the within,” provides Alexander Meyer-Scharenberg, Principal at Alstin Capital.
Based in 2022 by former operators from Klarna, AWS, and Tink, Bits Expertise is a compliance infrastructure platform enabling regulated corporations to onboard prospects, assess threat and stay compliant seamlessly throughout markets.
The platform helps KYC and KYB workflows throughout greater than 100 jurisdictions and connects to a broad ecosystem of knowledge sources and eID suppliers. Bits’ mission is to innovate how companies handle threat and regulatory workflows via automation and trendy software program, powering the complete compliance lifecycle as a scalable development engine.
Current prospects embrace Qliro, Alisa Financial institution, and Walley.
Bits claims that they’ll cut back handbook case dealing with by 50-70% and speed up onboarding and approval instances by 4 to 6 instances. What beforehand took weeks or months can now reprotedly be accomplished in days, or in some circumstances hours, whereas human evaluation stays centered on higher-risk prospects.
“With AMLA and the EU’s transfer towards a single AML rulebook, expectations are rising and lots of establishments might want to re-evaluate whether or not their compliance expertise stays match for objective and totally compliant,” says Alexander.
Banks and FinTech corporations face escalating fraud and cash laundering dangers alongside tightening regulatory scrutiny throughout Europe. On the similar time, they’re below strain to ship quick, totally digital onboarding experiences. Many organisations nonetheless depend on fragmented stacks of native information suppliers, handbook evaluations, and market-specific compliance setups.
This fragmentation results in slower onboarding, larger operational prices, and vital friction when increasing into new European jurisdictions, typically forcing groups to rebuild compliance operations market by market.
Bits says they deal with this problem via a single, pan-European compliance platform that spans onboarding, threat evaluation, and steady monitoring. With one integration, prospects achieve entry to European firm registries, useful possession information, PEP and sanctions lists, and fraud indicators.
The brand new funding might be directed towards increasing product capabilities, rising automation throughout fraud and monetary crime detection workflows, and including additional European information protection.
Bits additionally plans to scale its go-to-market organisation because it targets continued growth throughout DACH and the UK.
