2 years ago

Vitt Raises €1 Million to Launch Treasury Product for Startups

  • London-based fintech Vitt, a one-stop cash management solution for startups, raised €1 million in a round co-led by existing investors Better Tomorrow Ventures and Speedinvest

  • The company launched Vitt Treasury, a product designed to help startups diversify and earn a return on their idle cash

  • Vitt Treasury is built on top of Money Market Fund products and allows customers to earn up to 5.07% interest

  • The funding will allow Vitt to scale its treasury product across the UK.

      • ProblemFinancial Services

      "Startups are missing out on millions of pounds in interest that could be used to drive growth, extend their runway, and expand their teams because they don't have access to treasury solutions."

      Solution

      "Vitt Treasury is a product that allows startups to diversify and earn a return on their idle cash by investing in Money Market Funds. It is designed to be easy to use and takes under 15 minutes to apply for."

      Covered on