Vitesse PSP Limited Secures $93M in Series C Funding to Propel US Expansion and Product Innovation

Vitesse PSP Limited, the innovative treasury and payment service provider dedicated to the insurance sector, has announced a substantial funding milestone, securing $93 million in Series C financing. This significant capital injection reflects the growing confidence in Vitesse's unique approach to managing claim payments and funds. With its award-winning global payment network, Vitesse has already facilitated over $10 billion in payments across more than 200 countries and currencies, ensuring fast and full-value payouts to claimants. This latest round of funding will enable the company to double down on its ambitious plans for US expansion and further enhance its product offerings. With a current workforce of over 175 talented professionals situated in its London headquarters and offices across Europe and the US, Vitesse is poised to capitalize on new opportunities within the burgeoning insurance technology market. The raised capital will fuel the development of advanced payment solutions and the optimization of claim funds, continuing to empower Managing General Agents (MGAs) and Third Party Administrators (TPAs) in streamlining their claims processes. Vitesse is committed to bringing back hundreds of millions in claim funds to insurers' balance sheets while revolutionizing the way claims are managed and disbursed. As the company embarks on this exciting new chapter, it aims to solidify its position as a leader in the insurance tech landscape, transforming the efficiency and transparency of treasury and payment services for the insurance industry.