a year ago

Vitesse Secures $93M in Series C Funding Led by KKR

  • Vitesse, a UK-based treasury and payment solutions provider for the insurance industry, has secured $93 million in Series C funding led by KKR, with participation from existing investors Hannover Digital Investments

  • The investment will be used for product development, enhancement of connectivity across the insurance value chain, and expansion efforts into the US

  • Vitesse's platform enables real-time management and capital safeguarding for stakeholders across the insurance value chain, replacing time-consuming manual processing of claims payments and reconciliations.

      • ProblemFinancial Services

      "Insurance claims processing is slow, manual, and often involves multiple parties, leading to inefficiencies, delays, and a lack of transparency for both insurers and claimants."

      Solution

      "Vitesse provides a platform that streamlines insurance claims payments by automating the process, integrating with various stakeholders in the value chain, and enabling real-time tracking and management. This helps insurers improve efficiency, reduce costs, and enhance customer satisfaction."

      Covered on