London-based, Vitesse, a payment gateway platform for insurance companies raised $93 million led by KKR in a Series C.
Hannover Digital Investments actively backed the round. MD Patrick Devine, KKR’s Tech Gwoth team joined the Vitesse board and said that the funds will only transfer after an approval from regulatory approval.
Vitesse Raised $93M in Series C
Co-founders, Paul Townsend and Phillip McGriskin said that the funds raised will enable us for strategic partnerships with insurance companies and expansion across the US.
Vitesse is a treasury and payment gateway for insurance companies. Vitesse provides companies and users with total visibility on insurance claims. Users can check the real-time status of the insurance claim and skip the time-consuming process and reconciliations easily.
Moreover, Vitesse connects the insurance claim units with the authorities so that a customer can get the best experience. Also, Vitesse has 177 employees with a headquarter in London and trying to expand its market in the US.
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