Bits, a Stockholm-based provider of compliance and onboarding infrastructure for regulated FinTech companies and banks, has raised €12 million in Series A funding in order to deepen automation across financial crime workflows and expand coverage of additional regulatory and data sources.
The round was led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, and Alliance Ventures. Haval van Drumpt, Chief Executive of Tre Sweden, also invested.
This follows their 2023 €4 million round, as reported by EU-Startups.
“Our customers need to scale, convert, and remain compliant at the same time,” says Jonatan Klintberg, CEO and co-founder of Bits. “We built Bits to make compliance a growth enabler rather than a bottleneck. By unifying onboarding, fraud, and AML workflows in a single platform, teams gain the speed, control, and confidence needed to expand across Europe.”
Alongside Bits’ Series A, sector analysis from 2025–2026 points to continued investment in European compliance, risk and financial crime infrastructure.
Berlin-based Taktile raised €51.5 million in February 2025 to expand its AI-driven decisioning platform across onboarding, credit, fraud and compliance workflows for financial institutions, with a focus on deeper automation across the risk lifecycle.
This underlines sustained investor interest in automating regulatory and financial crime workflows across the region.
“For regulated entities, compliance is becoming a platform challenge, which cannot be addressed by point-solutions. Bits Technology unifies AML and fraud workflows into one system with consistent decisioning and auditability. The product is exceptional and it shows the team understands compliance operations from the inside,” adds Alexander Meyer-Scharenberg, Principal at Alstin Capital.
Founded in 2022 by former operators from Klarna, AWS, and Tink, Bits Technology is a compliance infrastructure platform enabling regulated companies to onboard customers, assess risk and remain compliant seamlessly across markets.
The platform supports KYC and KYB workflows across more than 100 jurisdictions and connects to a broad ecosystem of data sources and eID providers. Bits’ mission is to innovate how businesses manage risk and regulatory workflows through automation and modern software, powering the entire compliance lifecycle as a scalable growth engine.
Existing customers include Qliro, Alisa Bank, and Walley.
Bits claims that they can reduce manual case handling by 50-70% and accelerate onboarding and approval times by four to six times. What previously took weeks or months can now reprotedly be completed in days, or in some cases hours, while human review remains focused on higher-risk customers.
“With AMLA and the EU’s move toward a single AML rulebook, expectations are rising and many institutions will need to re-evaluate whether their compliance technology remains fit for purpose and fully compliant,” says Alexander.
Banks and FinTech companies face escalating fraud and money laundering risks alongside tightening regulatory scrutiny across Europe. At the same time, they are under pressure to deliver fast, fully digital onboarding experiences. Many organisations still rely on fragmented stacks of local data providers, manual reviews, and market-specific compliance setups.
This fragmentation leads to slower onboarding, higher operational costs, and significant friction when expanding into new European jurisdictions, often forcing teams to rebuild compliance operations market by market.
Bits says they address this challenge through a single, pan-European compliance platform that spans onboarding, risk assessment, and continuous monitoring. With one integration, customers gain access to European company registries, beneficial ownership data, PEP and sanctions lists, and fraud signals.
The new funding will be directed toward expanding product capabilities, increasing automation across fraud and financial crime detection workflows, and adding further European data coverage.
Bits also plans to scale its go-to-market organisation as it targets continued expansion across DACH and the UK.
Read the orginal article: https://www.eu-startups.com/2026/02/swedish-startup-bits-raises-e12-million-to-deepen-automation-across-fintech-compliance-workflows/
