About Vitesse
Vitesse is a Financial Services company based in London (United Kingdom) founded in 2014 by Paul Townsend and Phillip McGriskin. Treasury and payment solutions are provided for the insurance industry. It operates on a FinTech and Managed Services model. Vitesse has raised $129.62 million across 5 funding rounds from investors including KKR, HDI Global and Octopus Ventures. The company has 136 employees. Its chief executive, as recorded, is Phillip McGriskin. Its website vitesse.io draws about 14 thousand monthly visits. Vitesse offers products and services including Treasury Payments, Faster Claims Payment (FCP), and Claimant Experience. Its focus areas include Financials, Insurance and Insurance Technology. Its legal entity is Vitesse PSP Ltd. Its competitors include Sprout.ai and Earthport; 1 of its 2 listed competitors has raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 136
- Founders Paul Townsend, Phillip McGriskin
- SectorsFinancial Services
- Email••••••••
- Website vitesse.io
- Social LinkedIn
- Legal Name Vitesse Psp Ltd
- Annual Revenue$31.22 M (USD)122as on Mar 31, 2024
- Net Profit$837.79 K (USD)113as on Mar 31, 2024
- EBITDA$792.42 K (USD)111as on Mar 31, 2024
- Total Equity Funding$129.62M (USD)
in 5 rounds
- Latest Funding Round$93M (USD), Series C
May 2024
- InvestorsKKR
& 7 more
- Employee Count136
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 $129.62M across 5 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.
- Total Funding $129.62M
- Total Rounds 5
- Last Round Series C — $93M
- First Round $1M
(Jan 2015)
- Investors Count 8
All 5 funding rounds of Vitesse with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $93M | Series C | – | KKR | |
| Feb 2022 | $26M | Series B | – | Prime Ventures | |
| Aug 2020 | $8.62M | Series A | – | Octopus Ventures | |
| Jan 2015 | $1M | Seed | – | – | – |
| Jan 2015 | $1M | Seed | – | – | – |
8 investors in total: 6 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Venture capital investment and support for founders in technology and health sectors. | octopusventures.com | |||
| hannover-digital-invest.com | ||||
Venture capital is invested in European technology sectors. | primeventures.com | Amsterdam, Netherlands | ||
VC and PE firm focused on seed and early stage tech companies | hoxtonventures.com | London, United Kingdom | ||
Provider of insurance brokerage and risk consulting services | 1903 | hdi.global | Hannover, Germany | |
RK Ron Kalifa | unknown_5739789603244e8fa | |||
SH Shane Happach | Angel investor, ex-CEO of Mollie, focused on fintech and tech startups. | unknown_b10fea2bcfe74ca1b |
Investor details for Vitesse
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Vitesse
3 people are tracked at Vitesse (3 in leadership); the tracked headcount is 136.
| Name | Role | Group |
|---|---|---|
Paul Townsend | Co-Founder & Director | Leadership |
Phillip McGriskin | Co-Founder & CEO | Leadership |
Mark O Brien | COO | Leadership |
Complete people profiles for Vitesse
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Vitesse
3 dated milestones of Vitesse across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Vitesse is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series C, of $93.0M.
Competitors of Vitesse
Vitesse has 2 listed competitors in our database, 1 of them funded. They include Sprout.ai and Earthport.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sprout.ai | 2018 | London, United Kingdom | $38.29M | 24 | AI-based software suite for personal and commercial insurers | |
| earthport.com | 1997 | London, United Kingdom | 231 | Cross-border payments are specialized in by Earthport for international transfers. |
Detailed competitors of Vitesse
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Web traffic of Vitesse
The website of Vitesse (vitesse.io) receives about 14.2K visits a month.
- Monthly visits14.2K
▲ 101.5% vs previous month
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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 CEO of Vitesse, as recorded in our data. They have also founded this company.
Vitesse is a funded company, having raised a total of $129.62M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jan 2015.
Vitesse has 136 employees.
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.
Vitesse operates through Vitesse Psp Ltd.