Vitesse Funding, Investors & Competitors

Vitesse has raised $129M across 4 funding rounds, most recently a $93M Series C in May 2024.

Last Vitesse funding round

$93M

Series C · May 2024

Cumulative funding Vitesse raised

$129M

across 4 funding rounds

Key investors in Vitesse

  • Octopus Ventures
  • Hoxton Ventures
  • Hannover Digital Investments
  • KKR
  • Prime Ventures
  • Shane Happach
  • Ron Kalifa

Vitesse Overview

About Vitesse

Vitesse is a London-headquartered financial technology firm specializing in treasury and payment solutions for the global insurance industry. The platform integrates claims processing, real-time payments, and reconciliation tools across 100 countries, connecting insurers, reinsurers, and third-party administrators. Vitesse processes billions in claims annually via its network supporting 200 currencies and multiple payment rails like SEPA and SWIFT. Launched in 2019, it serves major clients including Allianz and AXA, reducing payment times from days to seconds while ensuring compliance with PSD2 regulations.


Founded

2014

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Subscription

Vitesse Funding History

Vitesse has raised a total of $129M across 4 funding rounds.

Vitesse's first fundraising round was a $1M seed round in January 2015. The most recent completed round was a $93M Series C in May 2024.

Vitesse funding rounds

Vitesse funding rounds
DateStageInvestorsRaisedDeal Summary
May 2024Series CKKR (lead); Hannover Digital Investments$93MVitesse is a London-based fintech company founded in 2013-2014 that provides treasury and payment solutions tailored for the insurance industry, including real-time visibility and control over claim funds, fast payouts, automated premium collection, and a global payments network that has facilitated over $10 billion in payouts. The platform connects to clearing systems for expedited international payments, liquidity management, cash-flow forecasting, and supports stakeholders across the insurance value chain, with a focus on eliminating manual processing for claims payments and reconciliations. On May 21, 2024, Vitesse completed a $93 million Series C funding round led by KKR through its Next Generation Technology Growth Fund III, with participation from existing investors including Hannover Digital Investments, Hoxton Ventures, and Octopus Ventures. The round, subject to regulatory approvals, follows prior raises of $8.4-8.5 million in Series A (2020) and $26 million in Series B (2022). KKR's Patrick Devine joined the board, and Vitesse appointed Curt Hess, former COO/CFO at 10x Banking and ex-CEO of Barclays US Consumer Bank, as US Executive President. The funding will primarily support Vitesse's expansion into the US market, a key growth area, alongside continued investment in product development to enhance insurance value chain connectivity and expand its payments network. CEO Phillip McGriskin highlighted the investor confidence in revolutionizing insurance payment and treasury management globally. KKR emphasized the opportunity to disrupt the insurance sector with improved control, transparency, and efficiency.
Feb 2022Series BPrime Ventures (lead); Octopus Ventures; Shane Happach; Hannover Digital Investments; Ron Kalifa$26MVitesse PSP is a UK-headquartered fintech providing a global payment, liquidity, and treasury management platform targeted at the insurance industry, enabling claims administrators and delegated authorities to handle payments efficiently. On February 10, 2022, it secured a $26 million Series B funding round led by Prime Ventures, with participation from Octopus Ventures (prior Series A lead), Hannover Digital Investments (HDI Group's CVC), and angels including Ron Kalifa (former Worldpay CEO) and Shane Happach (Mollie CEO). The round supports global expansion into Europe and the US, product development, and customer service to position Vitesse as the preferred payment partner for insurers. Proceeds aim to accelerate growth amid rising digitization in the insurance market, building on its regulated platform and proprietary global payment network. The company had previously raised Series A in 2020 led by Octopus Ventures. CEO Phillip McGriskin highlighted the platform's proven value to expanding customers and ambitions in insurance. A later $93M Series C in May 2024 was led by KKR, focusing on US expansion and insurance value chain connectivity, with 177 employees at that time.
Aug 2020Series AOctopus Ventures (lead); Hoxton Ventures$9M-
Jan 2015SeedHoxton Ventures (lead)$1M-

Who has invested in Vitesse?

7 investors have backed Vitesse across its funding rounds, including Octopus Ventures, Hoxton Ventures, Hannover Digital Investments, KKR, Prime Ventures and Shane Happach.

Lead investors include KKR, Prime Ventures, Octopus Ventures and Hoxton Ventures.


Vitesse Investors

Investors in Vitesse by funding rounds participated
InvestorHQRoundsRoleFirst check
Octopus VenturesUnited KingdomLondon2LeadAug 2020
Hannover Digital InvestmentsGermanyGermany2ParticipantFeb 2022
Hoxton VenturesUnited KingdomLondon2LeadJan 2015
KKRUnited StatesNew York City, NY1LeadMay 2024
Shane HappachNetherlandsAmsterdam1ParticipantFeb 2022

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Vitesse Competitors

Vitesse competitors include listed companies like S&P Global, Moody's, Constellation Software and HiThink, and private ones like Ant Group and OneConnect.

Public and private companies comparable to Vitesse
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
S&P GlobalUnited StatesUnited StatesPublicly listed$15B$7.7B$119B9.1x
Moody'sUnited StatesUnited StatesPublicly listed$7.7B$3.8B$80B10.6x
Ant GroupChinaHangzhouPrivate$25B-$79B3.2x
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
HiThinkChinaChinaPublicly listed$899M$530M$23B18.9x
OneConnectChinaShanghaiPrivate--$7.4B-

Vitesse Public Comps

Vitesse is still privately-owned, but its public comps include Berkshire Hathaway, Allianz, China Life, Ping An Insurance, Chubb, Progressive, S&P Global, Zurich Insurance Group, AXA and AIA Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Berkshire Hathaway$411B$101B2.9x3.0x11.7x-
Allianz$158B$20B1.3x0.9x10.2x10.0x
China Life$90B$28B1.8x1.7x5.8x6.0x
Ping An Insurance$138B$13B7.3x6.3x77.0x-
Chubb$60B$14B2.7x2.7x11.2x11.8x
Progressive$88B$15B1.5x1.5x9.0x8.8x
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Zurich Insurance Group$89B$11B1.4x1.8x10.6x16.0x

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Common questions about Vitesse

When was Vitesse founded?Vitesse was founded in 2014.
Where is Vitesse headquartered?Vitesse is headquartered in London, United Kingdom.
Is Vitesse publicly listed?No, Vitesse is a private, VC-backed company.
How much funding has Vitesse raised?Vitesse has raised $129M across 4 funding rounds.
What was Vitesse's last funding round?Vitesse's last funding round was a $93M Series C in May 2024, led by KKR.
Who are Vitesse's investors?Vitesse's investors include Octopus Ventures, Hannover Digital Investments, Hoxton Ventures, KKR, Shane Happach, Ron Kalifa and Prime Ventures.
Which companies are comparable to Vitesse?Companies comparable to Vitesse include S&P Global, Moody's, Ant Group, Constellation Software, HiThink and OneConnect.

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