How Bits Technology is Unifying AML for European Fintechs

Bits Technology, the growth engine for the entire compliance lifecycle, led by Fredrik Eriksson, Jonatan Klintberg, Robin Lantz, and others, has raised €12 million in Series A funding led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, and Alliance Ventures. Haval van Drumpt, Chief Executive of Tre Sweden, also invested.

The round will fast-track product development and European expansion, helping regulated businesses enter new markets more quickly while reducing manual compliance and ensuring confidence at scale.

The funding will support deeper automation of financial crime workflows, broader coverage of regulatory and data sources, and scaling of commercial operations in key markets.

Banks and fintechs face rising fraud and money laundering risks amid tightening European regulations, while also needing fast, fully digital onboarding. Fragmented compliance stacks, manual reviews, and market-specific setups slow onboarding, increase costs, and complicate cross-border expansion.

Bits provides a unified, pan-European compliance platform covering onboarding, risk assessment, and continuous monitoring. With a single integration, it connects to company registries, beneficial ownership data, PEP and sanctions lists, and fraud signals, combining automated AML and fraud decisioning with unified case management. Clients such as Qliro, Alisa Bank, and Walley have cut manual case handling by 50–70% and accelerated onboarding 4–6x, replacing multiple local systems with one scalable solution for cross-border growth.

Founded in 2022 by former Klarna, AWS, and Tink operators, Bits was created to address the operational challenges of fragmented, manual compliance while scaling regulated financial products across Europe.

The new funding will expand product capabilities, increase automation across fraud and financial crime workflows, and broaden European data coverage. Bits will also scale its go-to-market operations to support continued growth across DACH and the UK.

Compliance is increasingly a platform-level challenge that cannot be solved with point solutions. Bits Technology unifies AML and fraud workflows into a single system, providing consistent decision-making and full auditability. With the EU’s AMLA and the move toward a unified AML rulebook, expectations are rising, prompting many institutions to reassess whether their compliance technology remains fit for purpose.

Bits was designed to turn compliance into a growth enabler rather than a bottleneck. By unifying onboarding, fraud, and AML workflows in a single platform, the system provides teams with the speed, control, and confidence required to scale and expand across Europe.