5 years ago

Vitesse Raises £6.6M to Streamline Cross-Border Payments for Businesses

  • London-based fintech Vitesse has secured £6.6 million in Series A funding, led by Octopus Ventures, to enhance its real-time cross-border payment platform for businesses

  • The investment will fuel growth, including expanding sales and marketing efforts, broadening Vitesse's presence in the U.S

  • market, and bolstering its banking capabilities to meet global demand

  • Founded by fintech veterans, Vitesse operates a network connecting to domestic payment systems in over 100 countries, simplifying international payments for businesses in insurance, payroll, and corporate payments.

      • ProblemFinancial Services

      "Making cross-border payments for businesses can be slow, expensive, and difficult to track and reconcile."

      Solution

      "Vitesse provides a banking network that allows businesses to make payments in the fastest and most economical way, with real-time reporting and transparency, to simplify liquidity management."

      Covered on