Bits Secures €12 Million To Expand Automation In FinTech Compliance

The round was led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, and Alliance Ventures, alongside angel investor Haval van Drumpt, CEO of Tre Sweden.

“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, funding activity in 2025–2026 highlights continued investor interest in European compliance, risk and financial crime infrastructure.

In February 2025 Berlin-based Taktile raised €51.5 million to scale its AI-driven decisioning platform across onboarding, credit, fraud and compliance workflows for financial institutions, reinforcing the push toward deeper automation across the risk lifecycle.

This trend underscores sustained demand for technology that automates regulatory and financial crime processes 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.

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Founded in 2022 by former operators from Klarna, AWS, and Tink, Bits Technology is a compliance infrastructure platform that helps regulated companies onboard customers, assess risk, and stay compliant across markets.

The platform supports KYC and KYB workflows in more than 100 jurisdictions and integrates with a wide range of data sources and eID providers. Bits aims to modernise risk and regulatory operations through automation, turning compliance into a scalable growth engine.

Current customers include Qliro, Alisa Bank, and Walley. Bits says its platform can reduce manual case handling by 50–70% and speed up onboarding and approvals by four to six times cutting processes that once took weeks or months down to days, or even hours, while keeping human review focused on higher-risk cases.

“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.

Across Europe banks and fintechs are confronting growing fraud and money laundering risks amid tighter regulatory scrutiny all while needing to provide fast, fully digital onboarding. Many still rely on fragmented systems, local data providers and manual reviews, leading to inefficiencies and operational complexity.

This fragmentation slows onboarding, raises operational costs, and makes expansion into new markets difficult, often requiring compliance processes to be rebuilt country by country.

Bits addresses these challenges with a single, pan-European compliance platform covering onboarding, risk assessment and continuous monitoring. Through one integration, customers gain access to company registries, beneficial ownership data, PEP and sanctions lists, and fraud signals across Europe.

The new funding will support product expansion, deeper automation across fraud and financial crime detection, and broader European data coverage. Bits also plans to scale its go-to-market team as it continues expanding across DACH and the UK.

About Bits

Bits Technology offers a pan European compliance platform that streamlines onboarding risk assessment and continuous monitoring for banks and fintechs. By automating regulatory workflows and integrating key data sources Bits enables secure scaling lowers costs and fosters trusted partnerships across markets.