About Bits Technology
Bits Technology is a company based in Stockholm (Sweden) founded in 2022 by Robin Lantz and Fredrik Eriksson.. Bits Technology has raised $5.41 million across 2 funding rounds from investors including Unusual Ventures, Fin Capital and Cherry Ventures. Bits Technology offers products and services including Onboarding Tool, AML Risk Score, Case Management System, and Ongoing Due-Diligence. Bits Technology operates in a competitive market with competitors including WealthEngine, Ntropy, Flanks, MultiLynq and Rogo, among others.
- Headquarter Stockholm, Sweden
- Founders Robin Lantz, Fredrik Eriksson
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Finbits Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.41 M (USD)
in 2 rounds
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Latest Funding Round
$4.41 M (USD), Seed
Apr 27, 2023
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Investors
Unusual Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Bits Technology
Bits Technology offers a comprehensive portfolio of products and services, including Onboarding Tool, AML Risk Score, Case Management System, and Ongoing Due-Diligence. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates faster user onboarding with automated processes
Generates granular risk models for various markets
Provides a workspace for compliance professionals
Ensures data-driven and fraud-resistant decisions
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Funding Insights of Bits Technology
Bits Technology has successfully raised a total of $5.41M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.41 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $4.4M
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First Round
First Round
(09 Sep 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Bits Technology | Valuation | Unusual Ventures , Fin Capital | |
| Sep, 2022 | Amount | Seed - Bits Technology | Valuation | Cherry Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bits Technology
Bits Technology has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Unusual Ventures, Fin Capital and Cherry Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in software startups from pre-seed to Series A stages.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Provider of early-stage venture capital funding for European technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bits Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bits Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bits Technology Comparisons
Competitors of Bits Technology
Bits Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WealthEngine, Ntropy, Flanks, MultiLynq and Rogo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth intelligence solutions are provided to non-profits and commercial organizations.
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| domain | founded_year | HQ Location |
Financial data is enriched through an accurate API by Ntropy.
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| domain | founded_year | HQ Location |
Provider of wealth management data aggregation and reporting solutions
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| domain | founded_year | HQ Location |
Aggregation API solutions are provided to connect fixed income markets.
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| domain | founded_year | HQ Location |
Rogo is focused on providing AI solutions for finance professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bits Technology
Frequently Asked Questions about Bits Technology
When was Bits Technology founded?
Bits Technology was founded in 2022.
Where is Bits Technology located?
Bits Technology is headquartered in Stockholm, Sweden.
Is Bits Technology a funded company?
Bits Technology is a funded company, having raised a total of $5.41M across 2 funding rounds to date. The company's 1st funding round was a Seed of $998.99K, raised on Sep 09, 2022.
What does Bits Technology do?
Bits Technology, founded in 2022 in Stockholm, Sweden, focuses on innovating financial technology, supporting investment technologies, wealth management it, and aggregation apis. Open integration tools for aggregating financial data. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Bits Technology?
Bits Technology's top competitors include Rogo, Flanks and WealthEngine.
What products or services does Bits Technology offer?
Bits Technology offers Onboarding Tool, AML Risk Score, Case Management System, and Ongoing Due-Diligence.
Who are Bits Technology's investors?
Bits Technology has 6 investors. Key investors include Unusual Ventures, Fin Capital, Cherry Ventures, Alliance Ventures, and Forward Ventures.
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