When was Bits founded?

Bits was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Bits located?

Bits is headquartered in London, United Kingdom. It is registered at Hallswelle House, 1 Hallswelle Road, London, England, NW11 0DH Company status.

How many employees does Bits have?

As of Jun 30, 2026, the latest employee count at Bits is 48.

Is Bits a funded company?

Bits is a funded company, having raised a total of $125K across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 19, 2018.

When was the latest funding round of Bits?

Bits' latest funding was a $***** Seed round on 2020, with participation from 1 investor. Its primary sector is Payments. In United Kingdom, the Payments sector has seen $811M in funding in 2026 to date.

Where does Bits rank among its competitors?

Bits ranks 6th amongst 10 active competitors, of which 3 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Wollit, which secured an undisclosed amount in May, 2024.

Who are the top competitors of Bits?

Bits' top competitors include LOQBOX, Vanquis and Wollit. Among them, Wollit secured the most recent funding round in May, 2024.

Bits - 2026 Company Profile, Team, Funding, Competitors & Financials

Bits is a seed company based in London (United Kingdom), founded in 2018 by Faisal Khalid. It operates as a Developer of virtual credit cards for consumers to build credit scores. Bits has raised $125K in funding from Y Combinator. The company has 10 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like LOQBOX, Vanquis and Wollit.

Company Details

Developer of virtual credit cards for consumers to build credit scores. It enables customers to build credit scores for each purchase. It can be used for bill payments, cash withdrawals, and online payments. It also offers an app-based platform that is available on iOS and Android devices.

Website: www.getbits.app
Email ID: *****@getbits.app
Registered Address: Hallswelle House, 1 Hallswelle Road, London, England, NW11 0DH Company status

Key Metrics

Founded Year

2018

Location

London, United Kingdom

Stage

Seed

Total Funding

$125K in 2 rounds

Latest Funding Round

Seed, 2020, $*****

Investors

Y Combinator

Ranked

6^th among 10 active competitors

Employee Count

48 as on Jun 30, 2026

Similar Companies

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View Bits' full profile

Bits is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Fea Card Limited CIN: 11620703 , United Kingdom, Active	Oct 11, 2018	-	5 (As on Jan 31, 2024)

Bits has raised a total funding of $125K over 2 rounds. Its first funding round was on Nov 19, 2018. Its latest funding round was a Seed round on 2020 for $*****. 1 investor participated in its latest round. Bits has 1 institutional investor.

Here is the list of recent funding rounds of Bits:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2020	3207	Seed	7682	8592	9129	1948
Nov 19, 2018	1095445	Seed	6199026	6971483	1212892	8270576

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View details of Bits's funding rounds and investors

The founders of Bits is Faisal Khalid.

Here are the details of Bits' key team members:

Faisal Khalid: Founder & CEO of Bits and founder of 1 other company.

View details of Bits's Founder profiles and Board Members

Bits' employee count trend

Bits has 48 employees as of Jun 26. Here is Bits's employee count trend over the years:

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Top competitors of Bits include LOQBOX, Vanquis and Wollit. Here is the list of Top 10 competitors of Bits, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	LOQBOX 2013, Bristol (United Kingdom), Seed	Provider of tools for building credit scores and financial knowledge	$5.32M	N2s2, Karlani Capital & 7 others	59/100
2nd	Vanquis 2002, Chatham (United Kingdom), Unfunded	Online platform for credit builder loans	-	-	56/100
3rd	Wollit 2015, London (United Kingdom), Seed	Provider of an online platform for a cash advance	$5.41M	BBVA, Anthemis Group & 7 others	46/100
4th	Aquacard 2001, Sheffield (United Kingdom), Unfunded	Credit card provider	-	-	41/100
5th	Pillar 2021, London (United Kingdom), Acquired	Digital lending platform offering credit building loans	$3.21M	Global Founders Capital, 10x Founders & 12 others	35/100
6th	Bits 2018, London (United Kingdom), Seed	Developer of virtual credit cards for consumers to build credit scores	$125K	Y Combinator	30/100
7th	BuildMyCreditScore 2018, London (United Kingdom), Funding Raised	Provider of a debit card service for credit score building	-	Ukri	29/100
8th	ScorebyDND 2020, London (United Kingdom), Funding Raised	Credit builder payment cards for individuals	-	-	24/100
9th	ZORRZ 2022, London (United Kingdom), Unfunded	Artificial intelligence-powered credit builder card for consumers	-	-	20/100
10th	Leap 2018, London (United Kingdom), Deadpooled	Peer-to-peer lending platform	-	-	18/100