Bits Technology Raises €4M in Seed Funding

Bits Technologies
Jonatan Klintberg CEO, Fredrik Eriksson CCO, Robin Lantz CPO

Bits Technologies, a Stockholm, Sweden-based business and customer identity startup, raised €4M in Seed funding.

The round was led by Unusual Ventures with additional backing from Fin Capital, Cherry Ventures and Alliance Ventures.

The company intends to use the funds to fast-track its product development and go-to-market strategy.

Led by Jonatan Klintberg CEO, Fredrik Eriksson CCO, Robin Lantz CPO, Bits Technology provides a platform that enables customers to create dynamic onboarding flows that can be scaled across multiple markets without worrying about local compliance regulations, nor integrating new service providers. Meanwhile, the platform will empower teams to create a tailored onboarding experience and a customer reporting solution for AML and user management. This solution equips teams with collaborative tools in a single view, enabling them to access actionable data, customise rules, assess risk, prevent fraud, and maintain compliance. is launching a suite of products for the European market, including a no-code solution and API offering.

FinSMEs

28/04/2023