Bits Secures €12m Series A to Simplify AML for European FinTechs

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

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 […]

Bits raises €12m Series A to scale unified AML platform in Europe

Bits, a compliance infrastructure platform focused on unifying anti-money laundering processes, has raised €12m in Series A funding to accelerate product development and expand its European footprint. The Series A 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 in the round. The fresh capital will be used to deepen aut…

Bits Raises €12M Series A to Scale Compliance Automation Across Europe

Bits, a Stockholm-based provider of compliance and onboarding infrastructure for regulated fintech firms and banks, has raised €12 million in Series A funding. 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. The company will use the funding to increase automation across financial crime and fraud workflows and to e…