Swedish startup Bits raises €12 million to deepen automation across FinTech compliance workflows

Bits, a Stockholm-based service provider of conformity and onboarding facilities for managed FinTech business and financial institutions, has actually elevated EUR12 million in Collection A financing in order to grow automation throughout monetary criminal offense operations and increase insurance coverage of extra regulative and information resources.

The round was led by Alstin Resources, with involvement from Cherry Ventures, Unusual Ventures, and Partnership Ventures. Haval van Drumpt, President of Tre Sweden, likewise spent.

This follows their 2023 EUR4 million round, as reported by EU-Startups.

“ Our clients require to range, transform, and stay certified at the very same time,” states Jonatan Klintberg, chief executive officer and founder of Little bits. “ We developed Little bits to make conformity a development enabler as opposed to a traffic jam. By unifying onboarding, fraudulence, and AML operations in a solitary system, groups obtain the rate, control, and self-confidence required to increase throughout Europe“

Along With Little Bits’ Collection A, market evaluation from 2025– 2026 indicate ongoing financial investment in European conformity, threat and monetary criminal offense facilities.

Berlin-based Taktile elevated EUR51.5 million in February 2025 to increase its AI-driven decisioning system throughout onboarding, credit report, fraudulence and conformity operations for banks, with a concentrate on much deeper automation throughout the threat lifecycle.

This highlights continual capitalist passion in automating regulative and monetary criminal offense operations throughout the area.

“ For managed entities, conformity is ending up being a system obstacle, which can not be attended to by point-solutions. Little bits Modern technology combines AML and fraudulence operations right into one system with regular decisioning and auditability. The item is outstanding and it reveals the group comprehends conformity procedures from the within,” includes Alexander Meyer-Scharenberg, Principal at Alstin Resources.

Established In 2022 by previous drivers from Klarna, AWS, and Tink, Bits Modern technology is a conformity facilities system allowing managed business to onboard clients, evaluate threat and stay certified flawlessly throughout markets.

The system sustains KYC and KYB operations throughout greater than 100 territories and attaches to a wide community of information resources and eID companies. Little bits’ objective is to introduce just how companies take care of threat and regulative operations via automation and contemporary software program, powering the whole conformity lifecycle as a scalable development engine.

Existing clients consist of Qliro, Alisa Financial Institution, and Walley.

Little bits declares that they can minimize hand-operated situation managing by 50-70% and speed up onboarding and authorization times by 4 to 6 times. What formerly took weeks or months can currently reprotedly be finished in days, or in many cases hours, while human evaluation continues to be concentrated on higher-risk clients.

” With AMLA and the EU’s approach a solitary AML rulebook, assumptions are climbing and several organizations will certainly require to re-evaluate whether their conformity innovation continues to be suitable for objective and completely certified,” states Alexander

Financial institutions and FinTech business encounter intensifying fraudulence and cash laundering threats along with tightening up regulative examination throughout Europe. At the very same time, they are under stress to provide quickly, completely electronic onboarding experiences. Several organisations still depend on fragmented heaps of neighborhood information companies, hand-operated evaluations, and market-specific conformity arrangements.

This fragmentation results in slower onboarding, greater functional expenses, and substantial rubbing when increasing right into brand-new European territories, typically requiring groups to restore conformity procedures market by market.

Little bits states they resolve this obstacle via a solitary, pan-European conformity system that covers onboarding, threat evaluation, and constant tracking. With one assimilation, clients get to European firm computer system registries, helpful possession information, PEP and assents listings, and fraudulence signals.

The brand-new financing will certainly be routed towards increasing item abilities, raising automation throughout fraudulence and monetary criminal offense discovery operations, and including additional European information insurance coverage.

Little bits likewise intends to scale its go-to-market organisation as it targets ongoing development throughout DACH and the UK.

The message Swedish startup Bits raises €12 million to deepen automation across FinTech compliance workflows showed up initially on EU-Startups.