About Vitesse
Vitesse is a company based in London (United Kingdom) founded in 2014 by Paul Townsend and Phillip McGriskin. It operates as a FinTech and Managed Services. Vitesse has raised $128.62 million across 4 funding rounds from investors including KKR, HDI Global and Octopus Ventures. The company has 136 employees as of March 31, 2024. Vitesse offers products and services including Treasury Payments, Faster Claims Payment (FCP), and Claimant Experience. Vitesse operates in a competitive market with competitors including EasySend, Sprout.ai, Earthport, ClaimLogiq and omni:us, among others.
- Headquarter London, United Kingdom
- Employees 136 as on 31 Mar, 2024
- Founders Paul Townsend, Phillip McGriskin
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Vitesse Psp Ltd
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Annual Revenue
$31.22 M (USD)122as on Mar 31, 2024
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Net Profit
$837.79 K (USD)113as on Mar 31, 2024
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EBITDA
$792.42 K (USD)111as on Mar 31, 2024
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Total Equity Funding
$128.62 M (USD)
in 4 rounds
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Latest Funding Round
$93 M (USD), Series C
May 21, 2024
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Investors
KKR
& 7 more
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Employee Count
136
as on Mar 31, 2024
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Products & Services of Vitesse
Vitesse offers a comprehensive portfolio of products and services, including Treasury Payments, Faster Claims Payment (FCP), and Claimant Experience.
Treasury solutions are provided for insurance claim funds.
Accelerated claims payments are facilitated for Lloyd's market.
Enhanced payment experiences are delivered to insurance claimants.
Funding Insights of Vitesse
Vitesse has successfully raised a total of $128.62M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $93 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Vitesse
Vitesse has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include KKR, HDI Global and Octopus Ventures.
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Venture capital investment and support for founders in technology and health sectors.
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Investor details for Vitesse
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Investments & Acquisitions by Vitesse
Investment portfolio details for Vitesse
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Financial Statements - Vitesse
Detailed financials for Vitesse
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Vitesse Comparisons
Peer comparison for Vitesse
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Competitors of Vitesse
Vitesse operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EasySend, Sprout.ai, Earthport, ClaimLogiq and omni:us, among others.
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Document management solutions for insurance, banking, and other industry
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AI-based software suite for personal and commercial insurers
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Cross-border payments are specialized in by Earthport for international transfers.
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Insurance claims management software is provided for review and validation.
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AI-based claims management solutions are offered for insurance.
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Detailed competitors of Vitesse
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Latest news on Vitesse
Complete news archive for Vitesse
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Frequently Asked Questions about Vitesse
Vitesse was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Vitesse is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Phillip McGriskin is the current CEO of Vitesse. They have also founded this company.
Vitesse is a funded company, having raised a total of $128.62M across 4 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Vitesse is 136.
Annual revenue of Vitesse is $31.22M as on Mar 31, 2024.
Treasury and payment services are offered by Vitesse to the insurance sector. Operations are focused on streamlining claims payouts, enhancing real-time visibility, and reducing capital requirements for insurers, MGAs, and TPAs. Solutions are designed to protect and control claim funds through secure banking partnerships. Coverage extends across 180 countries and currencies, supporting global carriers and parametric insurance. Innovations like Faster Claims Payment (FCP) for Lloyds market are also provided. Operational efficiency and claimant experience are prioritized across all offerings.
Vitesse offers Treasury Payments, Faster Claims Payment (FCP), and Claimant Experience.
Vitesse has 8 investors. Key investors include KKR, HDI Global, Octopus Ventures, Hannover Digital Investments, and Prime Ventures.