Vitesse PSP (Vitesse), a global payment, liquidity and treasury management platform, has raised USD26 million in a Series B funding led by Prime Ventures.
The round also includes investments from Octopus Ventures – one of Europe’s largest and most active venture capital investors – who led the 2020 Series A funding, as well as Hannover Digital Investments, the corporate venture capital fund of HDI Group, one of Europe’s largest insurance companies.
Additional participants include existing angel investors and industry heavyweights such as Ron Kalifa, OBE, former Worldpay CEO and author of the Kalifa Review and Shane Happach, CEO of Mollie, the Dutch payments unicorn.
Proceeds from the round will be used to support and accelerate Vitesse’s growth and continued global expansion programme across Europe and the US. Vitesse will continue to invest in its product offering and customer service, helping the firm to realise its vision of becoming the payment partner of choice for the insurance industry.