Seed round for fintech ID startup raises €4.5M

A fresh investment of $4.5 million in Bits Technology could increase the Swedish firm’s penetration into identity and anti-money laundering (AML).

The funding, led by Unusual Ventures, is the first since a pre-seed round last fall that raised €1 million. All major investors from the pre-seed stage remained on board as participants. According to a release, the new funding will gird foundations of Bits’ forthcoming onboarding, reporting and collaboration products for financial technology vendors.

In a statement, Bits CEO Jonathan …

aml biometrics news bits board digital-identity financial services fintech funding identity investment investors laundering led major money money laundering penetration seed seed round stage startup technology trade notes unusual ventures