Bits Technology
- Company typePrivate
- Founded2022
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Bits Technology firmographics
Firmographics- Name
- Bits Technology
- Legal name
- Finbits AB
- Website
- https://bits.bi
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Bits Technology industry classification
Industry- Product category
- RegTech Compliance Software
- NAICS
- Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)
- akta.pro secondary industries
- KYC/KYB, Identity Verification & Customer Due Diligence (FSAFAOAE), Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI), KYC/KYB Identity Verification & Onboarding (FSADALAA)
Keywords
Where Bits Technology is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Bits Technology business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription-based Platform Access: Recurring subscription fees for access to the compliance platform, including KYB/KYC onboarding, AML risk scoring, transaction monitoring, ongoing due diligence, and case management modules. Pricing is quote-based and varies by customer size and usage volume.
- API and Usage-based Fees: Fees for API access and integration services. The platform offers developer sandbox environments and full API reference access. Usage-based components likely apply for transaction monitoring and screening at scale.
- Professional Services: Training, consulting, and implementation services specified in Statements of Work.bits.bi general terms reference professional services as additional paid offerings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Custom Enterprise Pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Bits Technology product offering
Product offeringCore offering
Bits Technology operates a unified compliance OS platform that orchestrates 60+ data providers and consolidates KYB, KYC, AML risk scoring, transaction monitoring, ongoing due diligence, and case management into a single integrated system for regulated financial institutions. The platform is built with a no-code/low-code workflow builder and a proprietary Bits AI layer that automates compliance tasks including evidence gathering, adverse media screening, and narrative drafting for investigations.
Product overview
Bits Technology offers a Compliance OS — a unified platform-plus-modules architecture that covers the entire compliance lifecycle for regulated financial companies. The core platform (Bits Technology Platform) provides a shared data infrastructure where onboarding, monitoring, risk scoring, and case management operate on the same customer record. Around this core, the product suite is composed of six interconnected modules: KYB & KYC Onboarding for business and customer verification; AML Risk Score for dynamic risk assessment; Ongoing Due-Diligence for continuous monitoring across 1,300+ lists; Transaction Monitoring for AMLR-ready transaction analysis; Case Management System for centralized case handling; and Bits AI for AI-powered automation of investigations, screening, and decision support. The platform integrates 60+ data sources and connects to business registries, eID providers, and KYC/KYB services across European markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Bits Technology Platform A unified compliance infrastructure platform for regulated financial companies across Europe covering the entire compliance lifecycle: KYB/KYC onboarding, AML risk scoring, ongoing due diligence, transaction monitoring, case management, and AI-powered automation. Built as a platform where onboarding data feeds monitoring and risk scoring operates on the same customer record.
- KYB & KYC Onboarding Onboarding module for business customers that automates verification of business identity, ownership structure, and risk profile. Runs custom compliance workflows and automated checks across European markets.
- AML Risk Score Configurable AML risk scoring model with custom variables, weights, and a live score for every customer. Supports dynamic risk assessment that recalculates in real time as new information becomes available.
- Ongoing Due-Diligence Continuous monitoring of customers daily across 1,300+ lists with configurable granular rules. Designed to meet AMLR 2027 ODD interval requirements, supporting event-driven and periodic review workflows.
- Transaction Monitoring AMLR-ready transaction monitoring connected to KYC/KYB data. Designed to reduce false positives, enable faster case handling, and maintain a full audit trail.
- Case Management System Centralized system for viewing, managing, and actioning all customer cases in one place, with full audit trail, team collaboration, and PEP and sanctions data built in.
- Bits AI AI agent layer that automates compliance tasks including evidence gathering, adverse media screening, investigation drafting, and risk scoring. Tasks that previously took hours are automatically sorted and delivered by AI agents using explainable AI for regulatory auditability.
Quantifiable outcome
- 2x merchant onboarding volume with no added headcount
- +4 more outcomes
Companies that use Bits Technology
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles2 records
Bits Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration53 records
AI capability15 records
Feature6 records
Bits Technology partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and supporting.
- Lesslie Technologies ABcoreStrategic alliance between Lesslie Technologies AB (Swedish payment institution regulated by Finansinspektionen) and Bits Technology. Partnership embeds automated compliance into Lesslie's cross-border payments platform. Goals include accelerated customer onboarding, reduced fraud detection time, and operational scaling without proportional compliance staffing increases. Lesslie's CEO positions regulatory compliance as a competitive advantage rather than a cost burden.
- VeriffcoreAI-powered identity verification platform integrated into Bits' ecosystem. Veriff offers fraud prevention and compliance verification across 230 countries and 48 languages. Partnership enables global identity verification for Bits' compliance workflows.
- BankIDcoreeID provider for Sweden and Norway. BankID is the dominant digital identification service in Scandinavia with 8 million Swedish users. Integration enables fast and secure identification and signing for Nordic customers.
- Companies HousecoreUK business registry integrated for KYB verification. Bits retrieves company registration data, ownership structures, and organizational details from Companies House for UK market compliance.
- BolagsverketcoreSwedish business registry integrated for KYB verification. Updated daily with all company information including financial data. Essential for Swedish market compliance workflows.
- GoCardlesssupportingAccount Information Services and automatic data collection through Open Banking. Integration enables transaction data retrieval and account verification for compliance purposes.
- GBGsupportingGlobal digital identity and fraud solutions provider. Offers global primary source company data verification capabilities integrated into Bits' compliance platform.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Bits Technology competitors and assessment
Company assessmentDirect peers
- Hawk AI: Munich-based AML and fraud detection platform for banks and payment providers. Most direct European peer with comparable AMLR-aligned transaction monitoring, customer base overlap (regulated FIs), and similar Series-stage scale.
- ComplyAdvantage: London-based RegTech providing AML/KYC data, transaction monitoring, and customer screening. Closest functional peer in unified AML compliance; larger and more established with broader geographic coverage and global data assets.
- Sumsub: Global verification platform offering KYC, KYB, AML screening, transaction monitoring, and case management. Directly competes across Bits' full product surface and is significantly better-funded, serving a similar regulated-FI and crypto customer base.
- Onfido: AI-based identity verification and KYC/AML onboarding platform. Overlaps with Bits' onboarding and identity verification modules; serves banks, fintechs, and crypto platforms with similar sandbox and API-first distribution.
- Veriff: AI-powered identity verification covering 230 countries and 48 languages. Already integrated with Bits as a data provider and a direct competitor for the KYC verification portion of the stack; comparable in geographic reach.
- Persona: Identity infrastructure platform offering KYC/KYB, AML, and case management with configurable workflows. Direct overlap with Bits' no-code builder and unified customer record approach for regulated FIs and fintechs.
- Unit21: Risk and compliance infrastructure platform with transaction monitoring, case management, and AML operations. Comparable horizontal positioning for regulated financial institutions with developer-friendly APIs.
- Silent Eight: AI-based AML and sanctions screening platform for banks and fintechs. Overlaps with Bits' screening, adverse media, and name-matching capabilities, especially in transaction monitoring alerts.
- SEON: Fraud prevention and AML compliance platform combining device intelligence, behavioral analytics, and KYC. Direct overlap in fraud/AML detection workflows for fintechs and digital banks across Europe.
- Alloy: Identity decisioning platform orchestrating 200+ data sources for KYC, KYB, and AML. Architecturally the closest U.S. peer to Bits' orchestration model and a benchmark for embedded compliance distribution at banks and fintechs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Bits Technology compliance and trust
Trust signalCompliance1 record
Bits Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bits Technology leadership team
Management profileNumber of profiles
Profiles3 records
Bits Technology funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bits Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bits Technology
What does Bits Technology do?
Bits Technology operates a unified compliance OS platform that orchestrates 60+ data providers and consolidates KYB, KYC, AML risk scoring, transaction monitoring, ongoing due diligence, and case management into a single integrated system for regulated financial institutions. The platform is built with a no-code/low-code workflow builder and a proprietary Bits AI layer that automates compliance tasks including evidence gathering, adverse media screening, and narrative drafting for investigations.
Is Bits Technology a public or private company?
Bits Technology is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bits Technology founded?
Bits Technology was founded in 2022. It employs 11 to 50 people.
Where is Bits Technology based?
Bits Technology is headquartered in Stockholm, Sweden, in the Europe region.
How does Bits Technology make money?
Three revenue lines are on record. Subscription-based Platform Access are the primary driver. The others are API and Usage-based Fees and professional Services.
Who are Bits Technology's main competitors?
Direct peers on record are Hawk AI, ComplyAdvantage, Sumsub, Onfido, Veriff, Persona, Unit21, Silent Eight, SEON and Alloy.
Does Bits Technology have an API?
Yes. Bits offers a public API enabling developers to integrate compliance workflows into their applications. The API is designed for effortless integration, allowing users to be redirected to the Bits platform without friction. A sandbox environment is available where developers can test the full platform and access the complete API reference. The platform supports both AI-generated workflow prompts and manual node-based workflow building, with the ability to mix both approaches. Developer documentation is at docs.bits.bi.
What industry is Bits Technology in?
Bits Technology's product category is RegTech Compliance Software. Its primary akta.pro industry code is FSAGAFAB, KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening), with a secondary code of FSAFAOAE, KYC/KYB, Identity Verification & Customer Due Diligence. Its NAICS code is 5415 and its SIC code is 7371.