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U.K. fintech Vitesse<\/a> has closed a $93 million Series C round of funding led by investment giant KKR. <\/p>\n KKR said it\u2019s making the investment through its Next Generation Technology Growth Fund III, a $3 billion fund it closed last year<\/a>.<\/p>\n Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend<\/a> and Phil McGriskin<\/a>, who had sold an e-commerce payments company called Envoy to WorldPay back in 2011<\/a>.<\/p>\n Vitesse targets insurance companies with an all-in-one treasury and payment management platform, replete with connections to a network of clearing systems designed to streamline international payments. The platform provides easy access to domestic banking services to remove friction from cross-border payments, as well as services like liquidity management, cash-flow forecasting, and real-time visibility into cash positions in myriad accounts and currencies.<\/p>\n Vitesse had raised a $8.4 million Series A round in 2020<\/a>, followed by a $26 million Series B round two years later<\/a>. With another $93 million in the bank, the company said it\u2019s doubling down on its U.S. expansion efforts, supported by the appointment of banking veteran Curt Hess<\/a>, who will spearhead its growth Stateside.<\/p>\n Aside from lead backer KKR, Vitesse\u2019s Series C round saw participation from existing investors Hoxton Ventures, Octopus Ventures, and Hannover Digital Investments.<\/p>\n<\/div>\n