Bits secures €12m Series A to simplify AML for European FinTechs

February 3, 2026

Bits, a compliance infrastructure platform, has raised €12m in Series A funding to speed up product development and support European expansion.

The round was led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures and Alliance Ventures. Haval van Drumpt, chief executive of Tre Sweden, also invested.

Bits said the funding will be used to deepen automation across financial crime workflows, expand coverage of additional regulatory and data sources, and scale commercial operations across key markets.

Bits is positioning its platform as a response to fragmented compliance across Europe, where banks and FinTechs face rising fraud and money laundering risk alongside tighter regulatory scrutiny, while also needing fast, digital onboarding.

Through a single integration, Bits provides access to European company registries, beneficial ownership data, PEP and sanctions lists, and fraud signals, combined with automated AML and fraud decisioning and unified case management.

Customers including Qliro, Alisa Bank and Walley use the platform to modernise end-to-end compliance, with Bits claiming Qliro has reduced manual case handling by 50–70% and cut onboarding and approval times by four to six times.

Alstin Capital principal Alexander Meyer-Scharenberg said, “For regulated entities, compliance is becoming a platform challenge, which cannot be addressed by point-solutions. Bits Technology unifies AML and fraud workflows into one system with consistent decisioning and auditability. The product is exceptional and it shows the team understands compliance operations from the inside. With AMLA and the EU’s move toward a single AML rulebook, expectations are rising and many institutions will need to re-evaluate whether their compliance technology remains fit for purpose and fully compliant.”

Bits CEO and co-founder Jonatan Klintberg said, “Our customers need to scale, convert, and remain compliant at the same time. We built Bits to make compliance a growth enabler rather than a bottleneck. By unifying onboarding, fraud, and AML workflows in a single platform, teams gain the speed, control, and confidence needed to expand across Europe.”