Trapets
Trapets AB is a Swedish RegTech company founded in 2000 that sells an integrated SaaS platform (Instantwatch) for AML transaction monitoring, KYC, sanctions screening, and market abuse surveillance to banks, insurers, asset managers, and payment service providers across Europe, with recent expansion into non-financial regulated sectors.
- Company typePrivate
- Founded2000
- HeadquartersStockholm, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Trapets does
Trapets AB is a Swedish regulatory technology company founded in 2000 that sells an integrated compliance platform, Instantwatch, to financial institutions and, more recently, regulated non-financial firms. Its core products cover the full anti-money laundering and market abuse workflow: transaction monitoring with automated risk scoring, KYC and customer due diligence, sanctions/PEP/adverse-media screening, and market and trade surveillance for insider trading and market abuse detection. The platform combines configurable rules with explainable AI for alert prioritization and is delivered primarily as cloud-based SaaS with European data residency in Swedish data centers.
The company serves banks, credit institutions, investment companies, insurance companies, trading venues, and payment service providers across the Nordics and broader Europe, and has expanded into non-financial sectors such as accounting and legal through the 2024 acquisition of Regtech Solutions. Trapets reports serving more than 300 customers ranging from small firms to regulatory institutions, and monitors hundreds of millions of transactions daily. Its go-to-market is direct enterprise sales with a consultative "Book a demo" motion, complemented by managed services where Trapets analysts run surveillance on behalf of clients lacking internal capacity.
Trapets monetizes through enterprise SaaS subscriptions on annual contracts, with pricing quoted rather than publicly disclosed, plus managed-services revenue. The company holds ISO 27001 certification (since 2018, recertified 2024 through 2027) and aligns its product roadmap with EU regulatory frameworks including GDPR, DORA, AMLR, and the EU Instant Payments Regulation. With approximately 75 employees across Stockholm, London, and Hanoi, the company appears to be founder/management-owned with no external venture capital funding disclosed, having earned five consecutive Gasell designations from Dagens Industri between 2017 and 2021.
Trapets firmographics
Firmographics- Name
- Trapets
- Legal name
- Trapets AB
- Website
- https://trapets.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Trapets AB is a Swedish RegTech company founded in 2000 that sells an integrated SaaS platform (Instantwatch) for AML transaction monitoring, KYC, sanctions screening, and market abuse surveillance to banks, insurers, asset managers, and payment service providers across Europe, with recent expansion into non-financial regulated sectors.
- Ownership category
- akta.pro rank
Trapets industry classification
Industry- Product category
- RegTech Compliance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Security Systems Services (except Locksmiths) (561621), Investigation and Personal Background Check Services (561611)
- SIC
- Services-Detective, Guard & Armored Car Services (7381), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On-Chain Monitoring, Threat Detection & Incident Response (FSAPAJAB)
- akta.pro secondary industries
- Case Management, Investigations & SAR/STR Filing (FSAMAMAF), Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ), Security Testing Tooling (SAST/DAST for smart contracts, fuzzing) (FSAPAJAK), Market Surveillance & Trade Monitoring Platforms (FSAFAKAA)
Keywords
Where Trapets is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Trapets business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscription Platform: Trapets operates as a SaaS company providing compliance software solutions on a subscription basis. The platform includes AML transaction monitoring, KYC/due diligence, customer/company screening, and market surveillance capabilities delivered as a cloud-based service.
- Managed Services: Trapets offers managed services handled by experienced analysts using Trapets solutions to identify and prevent financial crime for organizations lacking internal capacity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS pricing - custom quotes based on organization size and requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Trapets product offering
Product offeringCore offering
Trapets provides the Instantwatch platform, an AI-supported compliance suite for financial institutions covering anti-money laundering transaction monitoring, KYC/CDD, customer and company screening, and market and trade surveillance. The platform is delivered as a cloud-based SaaS solution with continuous regulatory updates for EU frameworks (AMLR, DORA, GDPR), complemented by Managed Services where Trapets analysts operate the software on behalf of clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Instantwatch Platform Unified compliance platform that connects all AML and Market Abuse processes including transaction monitoring, KYC/CDD, screening, and market surveillance in a single workspace, with AI-supported workflows and continuous regulatory updates.
- Transaction Monitoring Monitors transactions and behaviour patterns with AI-powered risk scoring and configurable rules to detect money laundering and prevent financial crime in real time.
- Customer Due Diligence (KYC/CDD) Automates and centralises KYC and CDD processes with dynamic risk assessments, customisable questionnaires, and continuous monitoring for customer onboarding and ongoing due diligence.
- Customer and Company Screening Screens individuals and entities against PEP, sanctions, UBO/RCA lists, adverse media, and other watchlists in real time or batch mode to support onboarding and ongoing compliance decisions.
- Market and Trade Surveillance Detects and investigates potential market abuse and insider trading with intelligent surveillance for compliance with Market Abuse Regulation (MAR), protecting market integrity for trading venues and investment firms.
- Managed Services Outsourced surveillance and AML monitoring delivered by Trapets' in-house AML and trading analyst experts using Trapets solutions, for organisations lacking internal compliance capacity.
- Instant EU Sanctions List Sanctions screening data feed delivered by ION Analytics, updated every 30 minutes directly from the EU Official Journal, enabling near real-time sanctions compliance for EU Instant Payments Regulation workflows.
- Regtech Solutions (KYC/AML for non-financial sectors) KYC and AML SaaS solutions originally from the acquired Regtech Solutions business, serving non-financial sectors such as accounting and legal firms subject to AML regulations.
Quantifiable outcome
- Hundreds of millions of transactions monitored daily
- +2 more outcomes
Companies that use Trapets
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles5 records
Trapets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature7 records
Trapets partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Regtech SolutionscoreAcquisition of Regtech Solutions, a Swedish SaaS company providing KYC and AML solutions for non-financial sectors. The acquisition expands Trapets beyond its core financial services segment into accounting, legal, and other regulated non-financial industries. Regtech Solutions was founded in 2018 and is headquartered in Stockholm.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Trapets competitors and assessment
Company assessmentDirect peers
- NICE Actimize: NICE Actimize is the leading enterprise AML, KYC and market surveillance suite for large global financial institutions. It directly competes with Trapets in transaction monitoring, sanctions screening and trade surveillance, serving many of the same bank, broker-dealer and trading-venue buyers Trapets targets in the Nordics.
- FICO (Falcon): FICO Falcon is one of the most widely deployed enterprise AML transaction monitoring platforms, used by a large share of global Tier 1 banks. It competes head-to-head with Trapets on AI-driven AML alert generation and risk scoring for financial institutions.
- Featurespace: Featurespace provides adaptive behavioural analytics for fraud and AML transaction monitoring, used by banks and PSPs globally. It competes with Trapets in real-time, AI-supported transaction monitoring with explainable risk scoring.
- ComplyAdvantage: ComplyAdvantage is an AI-driven KYC, sanctions/PEP screening and transaction monitoring platform widely adopted by challenger banks, PSPs and fintechs. It competes with Trapets' Customer and Company Screening and CDD products, particularly for mid-market and growth-stage financial institutions.
- Napier AI: Napier AI provides an AI-native AML compliance platform covering transaction monitoring, KYC and regulatory reporting, used by banks, PSPs and FX/brokerage firms. It is a comparable direct competitor to Trapets' Instantwatch platform, particularly in the European mid-market.
- Silent Eight: Silent Eight provides AI-driven name/sanctions screening, transaction monitoring and alert adjudication for financial institutions. It overlaps with Trapets' screening and transaction monitoring modules and targets the same regulated buyer personas.
- Verafin (Nasdaq): Verafin (acquired by Nasdaq) provides fraud detection, AML and sanctions screening technology, primarily for North American banks. It is comparable to Trapets in offering an integrated platform spanning AML, KYC/screening and case management for financial institutions.
- SAS Anti-Money Laundering: SAS provides enterprise AML, fraud detection and market surveillance solutions used by large global banks. Its AML offering directly competes with Trapets' transaction monitoring, sanctions screening and investigation/case management capabilities.
- BAE Systems (NetReveal): BAE Systems' NetReveal provides AML, fraud and market abuse surveillance used by banks and regulators. It competes with Trapets in market and trade surveillance as well as AML transaction monitoring for regulated institutions.
Broad incumbents
- Oracle Financial Crime and Compliance: Oracle Financial Crime and Compliance Management is a broad incumbent offering transaction monitoring, customer screening and case management as part of Oracle's larger financial services software portfolio. It is a comparable competitor to Trapets at Tier 1 banks seeking integrated compliance tooling.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Trapets social profiles
Digital presenceTrapets compliance and trust
Trust signalCompliance3 records
Trapets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trapets leadership team
Management profileNumber of profiles
Profiles9 records
Trapets subsidiaries and ownership
Company hierarchySubsidiaries1 record
Trapets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trapets M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trapets
What does Trapets do?
Trapets provides the Instantwatch platform, an AI-supported compliance suite for financial institutions covering anti-money laundering transaction monitoring, KYC/CDD, customer and company screening, and market and trade surveillance. The platform is delivered as a cloud-based SaaS solution with continuous regulatory updates for EU frameworks (AMLR, DORA, GDPR), complemented by Managed Services where Trapets analysts operate the software on behalf of clients.
Is Trapets a public or private company?
Trapets is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Trapets founded?
Trapets was founded in 2000. It employs 51 to 100 people.
Where is Trapets based?
Trapets is headquartered in Stockholm, Sweden, in the Europe region.
How does Trapets make money?
Two revenue lines are on record. SaaS Subscription Platform is the primary driver. The others are managed Services.
Who are Trapets's main competitors?
Direct peers on record are NICE Actimize, FICO (Falcon), Featurespace, ComplyAdvantage, Napier AI, Silent Eight, Verafin (Nasdaq), SAS Anti-Money Laundering and BAE Systems (NetReveal). Oracle Financial Crime and Compliance is listed as a broad incumbent.
Does Trapets have an API?
Yes. Trapets exposes a public API. Developer documentation is at devportal.instantwatch.net.
What industry is Trapets in?
Trapets's product category is RegTech Compliance Software. Its primary akta.pro industry code is FSAPAJAB, On-Chain Monitoring, Threat Detection & Incident Response, with a secondary code of FSAMAMAF, Case Management, Investigations & SAR/STR Filing. Its NAICS code is 522320 and its SIC code is 7381.