Vitesse is a fintech startup that provides cross-border payment services to banks and businesses via a globally distributed settlement network.
Vitesse is the smart way to make global payments.
Vitesse was founded in 2014 by Phillip McGriskin and Paul Townsend. The company is headquartered in London, United Kingdom.
Vitesse provides a liquidity and treasury management platform, which is built upon a globally distributed payments network.
Vitesse also helps insurers digitise their operations and develop new real-time products such as parametric covers, a type of insurance contract in which a policyholder pays a set amount against the occurrence of a specific event based on its magnitude.
Vitesse already counts several blue-chip companies within the insurance sector among its customers, including 70% of the insurers within the Lloyds of London market.
Vitesse is backed by Prime Ventures, Octopus Ventures, Hoxton Ventures, Hannover Digital Investments, Worldpay CEO Ron Kalifa, and others. The company raised $26M (£19M) in Series B round on Feb 10, 2022. This brings Vitesse's total funding to £26.3M to date.