Bits, a Stockholm, Sweden-based provider of compliance automation solutions, has raised €12 million in Series A funding.
Investors
The round was led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, Alliance Ventures, and angel investor Haval van Drumpt.
Alstin Capital is a generalist early-stage venture capital fund based in Munich, with a focus on B2B software. Founded in 2012, Alstin invests across Europe in fast-growing late-seed and Series A software companies. Initial tickets typically range from €2 million to €8 million.
Bits Use of Funds
The company will use the funding to deepen automation across AML and fraud workflows, expand regulatory and data coverage, and scale commercial operations across Europe.
About Bits
Founded in 2022, Bits Technology is a compliance infrastructure platform that enables regulated companies to onboard customers, assess risk, and remain compliant seamlessly across markets. The platform supports KYC and KYB workflows across more than 100 jurisdictions, and it connects to a broad ecosystem of data sources and eID providers. Headquartered in Stockholm, Sweden, Bits’ mission is to revolutionise how businesses manage risk and regulatory workflows through automation and modern software.
Funding Details
Company: Finbits AB
Raised: €12.0M
Round: Series A
Funding Date: February 2026
Lead Investor: Alstin Capital
Additional Investors: Cherry Ventures, Unusual Ventures, Alliance Ventures, Haval van Drumpt
Company Website: https://www.bits.bi/
Software Category: RegTech / AML / Financial Crime Compliance
Source: https://www.bits.bi/resources/blog/bits-raises-%E2%82%AC12m-series-a-to-unify-aml-for-european-fintechs