UK fintech vitse has closed a $93 million Series C funding round led by investment giant KKR.
KKR said it is making the investment through its Next Generation Technology Growth Fund III $3 billion fund closed last year,
Established in London in 2013, Vitesse is the handiwork of paul townsend And Phil McGriskinWho sold Envoy, an e-commerce payments company, to Worldpay back in 2011,
Vitesse targets insurance companies with an all-in-one treasury and payments management platform, linked to a network of clearing systems designed to streamline international payments. The platform provides easy access to domestic banking services to eliminate cross-border payment hassles, as well as services such as liquidity management, cash-flow forecasting and real-time visibility into cash positions across myriad accounts and currencies. Also provides.
Vitesse picked up $8.4 million Series A round in 2020This will be followed by a $26 million Series B round Two years later, With an additional $93 million in the bank, the company said it is doubling down on its US expansion efforts, bolstered by the appointment of the banking giant. kurt hessWhich will lead to its development Stateside.
Apart from lead backer KKR, Vitesse’s Series C round saw participation from existing investors Hoxton Ventures, Octopus Ventures and Hanover Digital Investments.
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