Bits Technology
Bits Technology, trading as Bits and registered in Sweden as Finbits AB, is a Stockholm compliance infrastructure platform founded in 2022 by former operators from Klarna, Amazon…
Overview
Bits Technology, trading as Bits and registered in Sweden as Finbits AB, is a Stockholm compliance infrastructure platform founded in 2022 by former operators from Klarna, Amazon Web Services and Tink, led by co founder and chief executive Jonatan Klintberg. It sells a single integration that replaces a stack of local point solutions, covering know your customer and know your business onboarding, anti money laundering risk scoring, ongoing due diligence, transaction monitoring and case management across more than 100 jurisdictions. Through that one connection customers reach European company registries, beneficial ownership data, politically exposed person and sanctions lists, fraud signals and electronic identity providers, with Veriff named among the verification partners orchestrated behind it. A no code workflow builder configures the process and the platform is delivered API first with public developer documentation and a changelog. A separate product, Bits AI, adds an agent that summarizes raw case data and drafts an actionable decision which a human agent then verifies or edits, plus a co pilot that answers questions across large volumes of case data. The company states it is deliberate about where the AI sits, describing its role as sorting, summarizing and surfacing rather than deciding. It raised 4 million euros in 2023 led by Unusual Ventures with Fin Capital, Cherry Ventures, Alliance Ventures, Forward VC and Greens Ventures, then 12 million euros in a Series A in February 2026 led by Alstin Capital with Cherry, Unusual and Alliance participating. Around twenty two customers are named publicly, including the Nasdaq Helsinki listed and Finnish regulator licensed Alisa Bank, the payments firms Qliro, Walley, Brite Payments, CleverCards, Ledyer and Cardlay, the crypto platform Coinmotion, the investment platforms Fondo, Tioex and Always Summer Asset Management, and lending, legal and software businesses across the Nordics. Reported results include manual case handling reduced by 50 to 70 percent, onboarding four to six times faster, and a stated 3.8 times return over five years.
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