Stockholm compliance startup Bits raises €12 million Series A to…

Team S · 2026-02-03T13:30:54.000Z

Bits Technology, a Stockholm-based provider of compliance and onboarding infrastructure for regulated financial institutions, has raised €12 million in a Series A funding round to accelerate automation across anti-money-laundering (AML), fraud and onboarding workflows and support broader expansion throughout Europe. The company’s platform helps fintechs and banks unify fragmented compliance processes including KYC, KYB, continuous monitoring and risk assessment into a single, scalable system that reduces manual work and supports growth across markets. This Series A was led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, Alliance Ventures, and angel investor Haval van Drumpt (CEO, Tre Sweden) signalling strong investor confidence in Bits’ approach to modernising regulatory compliance as a growth enabler rather than a bottleneck. The new capital will be used to deepen automation across financial crime detection workflows, expand coverage of regulatory and data sources across Europe, and scale the company’s go-to-market operations as it targets continued expansion into key regions including the DACH market and the United Kingdom. Founded in 2022 by former operators from Klarna, AWS and Tink, Bits supports compliance workflows across 100+ jurisdictions, helping regulated organisations streamline onboarding, fraud detection and ongoing monitoring. Customers such as Qliro, Alisa Bank and Walley have reported significant reductions in manual case handling between 50 % and 70 % while speeding onboarding and approval times four to six times faster.

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Stockholm compliance startup Bits raises €12 million Series A to… | Newnex