More Portfolio Work, Less Paperwork

Evolver Equity is a Nordic private equity firm that serves as a growth partner for ambitious entrepreneurs. With 40–50 client relationships, the company operates under the supervision of the Financial Supervisory Authority with registration obligations according to the AIFM directive.

When Lasse Kittelsen, Managing Partner and co-founder, made the decision to digitalize the company's compliance processes, the starting point was clear. With his background as a private equity professional since 2009 and former M&A attorney, he knew that regulatory requirements must be balanced with operational efficiency.

In a heavily regulated industry, AML work requires significant resources. The challenge is to meet the requirements without compliance becoming an obstacle to the value-creating work that drives portfolio company growth.

The Challenge: Hours Lost to Manual Processes

Before DOKS, Evolver handled all customer due diligence manually. Each new client required approximately five hours of onboarding work plus 15–30 minutes for annual risk assessment. In addition came ongoing manual checks against sanctions lists, which was both time-consuming and uncertain.

The Solution: Automation and Digital Tools

Evolver chose DOKS to streamline and automate compliance work. "The implementation went smoothly with Swedish-language support and assistance in setting up the customer registry," says Lasse Kittelsen, Managing Partner.

The Result: Time Freed for Value Creation Today, Evolver has continuous real-time monitoring in place and a digital solution for customer-driven onboarding. "Sanctions lists are now continuously checked against existing customers, and onboarding can be done digitally without the involvement of external advisors," notes Lasse.

"DOKS provides significantly increased confidence in regulatory compliance and functions as an effective tool in daily KYC processes. Dynamic and accessible provider, responsive to customer needs," summarizes Lasse.

The Recommendation: When asked what he would say to a colleague who still handles KYC and AML manually:

"Switch to a digital platform."