Bits Technology
Bits Technology, trading as Bits and registered in Sweden as Finbits AB, is a Stockholm compliance infrastructure platform founded in 2022 by former operators from Klarna, Amazon Web Services and Tink, led by cofounder and chief executive Jonatan Klintberg. It sells a single integration that replaces a stack of local point solutions, covering know your customer and know your business onboarding, a configurable AML risk score, ongoing due diligence across more than 1,300 lists, transaction monitoring built for the EU's AMLR 2027 requirements, and case management with audit trails across more than 100 markets.
Through one connection customers reach more than 60 data sources, including Bolagsverket, SCB, Companies House and PRH, electronic identity schemes such as BankID, MitID, itsme and DigiD, and Veriff for identity verification. A no code workflow builder configures the process and the platform is delivered API first with public developer documentation. Bits AI adds an agent that summarizes raw case data and drafts an actionable decision which a human then verifies or edits, plus a co pilot that answers questions across case data, and Bits describes its role as sorting, summarizing and surfacing rather than deciding. Named customers include Alisa Bank, Qliro, Walley, Brite Payments, Coinmotion, Lesslie, CleverCards and 0to9, and Bits reports a 3.8 times return over five years for customers.
Capability Axes
Capability grades
15 of 15 axes rated · 4 graded A or B
AI is scoped on purpose to sorting, summarizing and surfacing, with agents delivering cases rather than deciding them. The orchestration layer, workflow builder and case management would all remain without it.
Raw case data is summarized and a decision drafted by the agent, then a person verifies or edits it, with risk based routing concentrating review on higher risk customers. That human step reads as permitted rather than enforced, and the threshold that defines higher risk is unpublished.
Every published number measures work removed rather than decisions made correctly. Reviewers read the agent's summary first, yet its faithfulness has no published measure.
Executives at Qliro, Walley and Brite Payments are quoted by name on the customer page. A 3.8 times return over five years and onboarding in minutes rather than days are platform claims tied to no named customer.
Corrections that analysts make to drafted decisions are exactly what a system would learn from, and the platform holds case data from competing payments firms. Whether case data, documents or analyst edits train the agent is not stated.
Terms, privacy and security share one combined legal page beside a GDPR compliant marker, and no subprocessor list, retention schedule or data processing terms appear. Customer and beneficial owner data passes through an orchestrated chain of registries, identity schemes and verification providers, which makes the missing subprocessor list the pointed gap.
A marketing strip reads security first, verified providers, encrypted data and GDPR compliant, naming nothing a buyer could check. Certification, attestation and trust portal are all unpublished, and the footer's security link leads to the legal page.
Incorporated in Sweden as Finbits AB, the company states no license, registration or supervised program of its own. Material on the incoming EU anti money laundering regulation, with monitoring built for AMLR 2027, is subject matter knowledge, not regulatory status.
Automation bias is the design's exposure: the drafted summary frames what the compliance analyst concludes before review begins, and an analyst measured on cases cleared leans toward confirming. Acceptance rates by customer type and matching performance across naming conventions are not published.
Audit trails in case management let an institution reconstruct and contest an outcome, but nothing says who bears the cost of a wrong decision. Error splits across third party providers, the orchestrator and the institution, and the firm describes no route for a wrongly refused business to correct an upstream record.
Registries, identity schemes and Veriff make up a disclosed data chain, while the models behind the agent and co pilot have no named provider or processing country. Nothing says whether beneficial ownership details reach an external model provider.
Bolagsverket, Companies House and PRH registries, BankID, MitID and itsme identity schemes and Veriff all connect through one integration, alongside more than 60 data sources and 1,300 sanctions, politically exposed person and watch lists. Public developer documentation and an API reference make the surface inspectable before contracting.
Case files and beneficial ownership records rest in an undisclosed location: the multi tenant platform names no cloud provider, region or private option.
The underlying providers are metered separately, so pricing could follow checks, entities or enabled providers, and none of it is published. Free trials start from the homepage, with no word on billing afterward.
Alisa Bank, a Finnish small business bank, sits beside buy now pay later firms and the crypto platform Coinmotion, with registries and identity schemes across the Nordics, the Benelux and the United Kingdom. Pages are built around onboarding, monitoring and case management, not around kinds of institution.
Product updates
Material product, regulatory, evidence and commercial changes at Bits Technology, each verified against a live source and tagged to the capability axis it bears on. Funding rounds and awards are not product changes and are not logged.
Bits Procedures can now pause while waiting for an outcome, such as a provider check, and resume automatically, with executions showing a Waiting status and timings. Custom screens now run inside procedure executions to guide reviewers step by step, and transaction monitoring rolling windows now go down to the minute. The same release adds Malta as a supported onboarding market.
Bits Technology added power of attorney support for organization stakeholders during onboarding, and expanded risk classification for Finnish companies to cover all industry and legal form codes. The release also improves the speed and precision of PEP and sanctions screening.
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Pricing
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