We’re thrilled to share a major milestone in the Bits Technology journey: Philip Ternhem has joined us as Head of Sales.

With more than 15 years of experience in the payment industry, Philip has seen some of Europe’s most iconic fintechs - Klarna and Trustly - grow from small start-ups to global market leaders in their respective field. Most recently, Philip comes from a 11 year tenure as Head of Sales at Trustly where he has played an integral role for the global open banking firms success within the financial services industry. Throughout his career, he’s led initiatives for growth, built scalable sales operations and navigated complex deal cycles across global and regulated industries with success. His ability to combine go-to-market execution with deep customer empathy is what makes him uniquely suited for this next chapter at Bits.

“I strongly believe a sophisticated approach to compliance can unlock significant operational efficiencies and growth for any licensed company - and Bits products offer that in spades. I’m extremely impressed with what the team at Bits has accomplished since inception. As more clients are starting to realize the value Bits platform can offer, it’s a great time to join the company. I’m excited to come in and help them scale operations and make sure the Europe’s fintech scene gets to see what a competitive edge a best-in-class compliance platform can offer.” 

- Philip Ternhem, Head of Sales at Bits Technology

Why Philip, Why Now?

At Bits, we’re not just solving compliance, we’re turning it into a growth engine. That requires more than great software. It demands strategic conversations with forward-thinking leaders who want to scale customer onboarding, mitigate risk, and drive conversion without compromise.

Philip brings a founder-first mentality, capable of translating complex regulatory challenges into clear commercial value. He will play a foundational role in shaping how we partner with fintechs, banks, and growth-stage companies to unlock new revenue through operational excellence, seamless integrations, and frictionless customer journeys.

A Revenue-Driven Compliance Backbone

We believe compliance should be a competitive advantage, not a bottleneck. With Bits, our customers can:

• Convert more prospects - Automated data capture replaces friction-heavy onboarding.

• Activate customers faster - Instant KYC and smart workflows get users transacting in minutes.

• Approve with precision - Advanced automation reduces false positives while keeping risk controls sharp.

This is where Philip comes in. He’ll lead our efforts in helping customers connect these dots, shaping end-to-end journeys that are not just compliant, but revenue-generating.

“Philip has seen how some of the best fintech companies scale, where compliance, product, and GTM come together to drive success. His ability to move from strategy to execution is an invaluable asset as we enter this phase of accelerated growth. We're excited to have him join us in building the best compliance platform in Europe together with our customers and partners.”

- Jonatan Klintberg, CEO & Co-founder at Bits Technology

Building Together

Philip’s arrival marks a new chapter for Bits as we scale toward becoming the category-defining platform for regulated fintechs. His leadership, experience, and clarity of thought will accelerate how we serve customers and shape our long-term vision.

Welcome Philip!

💼 Want to discuss onboarding, customer activation, or revenue-led compliance? Feel free to connect with Philip on LinkedIn.