Bits
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· Headquartered in Sweden 🇸🇪
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Overview
Bits, a Stockholm-based compliance and onboarding infrastructure provider for fintechs and banks, has raised €12 million in a Series A funding round led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, and Alliance Ventures. The funding aims to automate financial crime workflows and expand regulatory coverage. Bits' platform reduces manual case handling by 50-70% and speeds up onboarding processes significantly, addressing the challenges of compliance in a fragmented market.
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Recent Announcements
Investors: Alstin Capital, Cherry Ventures, Unusual Ventures, Alliance Ventures
Bits, a Stockholm-based compliance and onboarding infrastructure provider for fintechs and banks, has raised €12 million in a Series A funding round led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, and Alliance Ventures. The funding aims to automate financial crime workflows and expand regulatory coverage. Bits' platform reduces manual case handling by 50-70% and speeds up onboarding processes significantly, addressing the challenges of compliance in a fragmented market.
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