Bits Technology is pleased to announce that, as of today, Qliro is officially live with Bits' services. Qliro, a leading fintech company specializing in secure and seamless online payment solutions. This integration enhances Qliro’s advanced customer onboarding and merchant portal, enabling merchants to get started with Qliro’s services faster and more efficiently than ever before.

Known for offering a comprehensive checkout service for e-commerce and in-store merchants, Qliro is a credit market company regulated by the Swedish Financial Supervisory Authority and is listed on Nasdaq Stockholm. This partnership marks a significant milestone in Qliro’s mission to deliver a world-class experience to e-merchants and their customer journey, further solidifying its position as a trusted payment partner in the Nordic region and beyond.

By incorporating Bits Technology, Qliro enhances its already robust compliance capabilities, which include identity and business verification, data aggregation, monitoring, and risk management tools. Now fully operational, Bits Technology’s comprehensive compliance suite enables Qliro to provide merchants with an expedited, frictionless onboarding process, granting rapid access to payment and financing solutions without unnecessary delays.

“Merchants are central to Qliro’s growth strategy," said Christoffer Rutgersson, CEO of Qliro. "In the fourth quarter of 2024 alone, we saw merchant growth of over 200%, reaching 227 merchants, driven by our strong focus on the SME segment. This expansion, combined with a +35% increase in expected transaction volume from already signed agreements, reinforces the growing demand for scalable and tailored payment solutions.

As we enter 2025, we are accelerating our onboarding process together with Bits Technology and capitalizing on our growth initiatives across Sweden, Norway, and Finland. Our partnership with Bits Technology enhances our ability to streamline merchant onboarding while ensuring exceptional service, compliance, and transparency, key pillars for our partners' success”

Key Benefits for Merchants:

• Faster Time-to-Service: Automated workflows and streamlined data collection eliminate bottlenecks, enabling merchants to begin using Qliro’s services faster than ever before.

• Customised Scalability: Flexible, modular solutions adapt to merchants’ evolving needs, ensuring seamless scalability as their businesses grow.

• Proactive Risk Management: Real-time monitoring and advanced analytics allow Qliro to effectively manage risks, empowering merchants to focus on their core operations with confidence.

A New Era of Frictionless Merchant Onboarding and Customer Experience

In addition to technological enhancements, Qliro has expanded its sales capacity over the past year to address the growing demand for fast, secure, and customizable payment services. These strategic investments, combined with the integration of Bits Technology, position Qliro to significantly reduce onboarding timelines and enhance the overall merchant experience. With Bits Technology’s powerful onboarding stack, Qliro is further accelerating its momentum, ensuring merchants can quickly access the tools they need to thrive in an increasingly competitive marketplace.

“At Bits Technology, we believe that seamless onboarding and compliance should never be a bottleneck for growth," said Fredrik Eriksson, Chief Commercial Officer and Co-Founder of Bits Technology.

"Qliro’s impressive 200% merchant growth in the last quarter underscores the demand for scalable, tailored onboarding solutions. Our partnership empowers Qliro to onboard merchants swiftly and accurately, enabling them to focus on expanding their offerings and driving transaction growth. By combining Qliro’s payment expertise with Bits' AML and onboarding capabilities, we’re setting a new standard for powering merchants at scale.”

About Qliro

Qliro is a leading fintech company that offers secure and seamless online payment solutions, including a complete checkout service for e-commerce merchants. Qliro is a credit market company regulated by the Swedish Financial Supervisory Authority and is based in Stockholm. Qliro's shares are listed on Nasdaq Stockholm under the ticker Qliro.

For more information, visit https://qliro.com

About Bits Technology

Bits Technology provides compliance automation solutions that help businesses streamline onboarding workflows, mitigate risk, and ensure regulatory compliance. Focusing on customizable tools, Bits Technology enables businesses to scale efficiently while minimising risk.