Roaring secured funding in a round backed by Nordstjernan.

Roaring, a Stockholm, Sweden-based software as a service provider of customer data management, announced that it entered into an agreement for raising capital.

The money was raised from the local investors from Sweden Nordstjernan for an equity stake of roughly 20%. Financial details were not disclosed.

Roaring, founded in 2016 and led by CEO Pål Ljungberger, provides digital services to companies in all sectors with a need to automate customer data processes and know-your-customer (KYC) checks. Roaring offers highly sought-after services in such areas as automated anti-money laundering (AML) monitoring. Roaring has built a high-quality technical solution to ensure a smooth customer onboarding process, which reduces time-consuming manual work for a growing group of reputable customers.