Vitesse Raises $93m In Series C, Curt Hess Named Us Executive President

By Author: Orson Amiri
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Vitesse, a leading provider of treasury and payment solutions for the insurance industry, has closed a $93M Series C funding round led by KKR, with participation from existing investor Hannover Digital Investments. Patrick Devine from KKR's Tech Growth team will join Vitesse's board. Concurrently, Curt Hess, former COO and CFO at 10x Banking, joins as Executive President in the US, leveraging his extensive banking and fintech experience. Founded in 2014, Vitesse's platform streamlines claims payments, offering real-time management and capital safeguarding, particularly vital in the insurance sector. With a focus on expansion in the US, the investment will fuel product development, enhancing connectivity and payment network breadth.

Phillip McGriskin, Vitesse's CEO, expressed enthusiasm for KKR's support and highlighted Curt Hess's addition, while KKR sees potential for Vitesse to transform the insurance industry globally. Curt Hess looks forward to contributing to Vitesse's growth trajectory, emphasizing the company's value proposition in providing streamlined solutions and a competitive edge to insurers worldwide. KKR's investment through its Next Generation Technology Growth Fund III underscores its commitment to supporting innovative technology companies, aligning with Vitesse's mission to revolutionize payment and treasury management in the insurance market.

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