Founded in 2022 by former operators from Klarna, AWS, and Tink, Bits Technology delivers a single system that replaces fragmented local tools used for Know Your Customer (KYC), Know Your Business (KYB), anti-money-laundering (AML), and fraud prevention across more than 100 jurisdictions. Its platform integrates data from European company registries, beneficial ownership databases, PEP and sanctions lists, and additional fraud signals, then applies automated decisioning and unified case management. Customers such as Qliro, Alisa Bank, and Walley use Bits to modernize end-to-end compliance; Qliro reports manual case handling reductions of 50-70% and 4–6× faster onboarding and approval times. The company positions compliance as a growth enabler, helping regulated institutions expand into new markets without rebuilding local stacks. With rising EU regulatory demands and the forthcoming single AML rulebook, Bits targets institutions that must upgrade legacy point solutions. The newly raised capital will fund deeper automation, broader regulatory data coverage, and an expanded commercial footprint across key European markets. No revenue or user figures were disclosed in the article.

Total raised

$20M

Funding rounds

3

Latest round

Series A

Latest activity

Feb 2026