Vitesse, a prominent provider of treasury and payment solutions for the insurance sector, has secured a noteworthy $93 million in Series C funding, spearheaded by global investment firm KKR, with participation from existing investors including Hannover Digital Investments. Patrick Devine from KKR's Tech Growth team will join Vitesse's board following the investment. Additionally, Curt Hess, with over 15 years of experience in banking and fintech, has been appointed as Executive President for the US market, bringing valuable expertise from his tenure at 10x Banking and Barclays.
Founded in 2014, Vitesse focuses on revolutionizing payment and treasury management in the insurance industry through its payments and treasury platform. The investment will fuel Vitesse's expansion into the US market and further product development, enhancing connectivity in the insurance value chain and expanding its global payment network. CEO Phillip McGriskin expressed enthusiasm for the partnership with KKR and Curt's appointment, highlighting the company's commitment to transforming the global insurance market.
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