About us

Our story, our mission, and the path forward.

Our history

From Cross-Border Payments to Insurance.

Vitesse was founded in 2014 by Phil McGriskin and Paul Townsend, who had previously built and sold Envoy Services, a payments business acquired by Worldpay in 2011. The company initially focused on cross-border B2B payments but pivoted to insurance in 2021 after recognizing a critical gap in the market. Insurance businesses managing billions in premiums and claims lacked real-time visibility and control over funds moving between carriers, brokers, MGAs, and reinsurers. Vitesse built a treasury and payments platform specifically designed for this complexity, providing real-time oversight, regulatory-grade safeguarding, and faster settlement cycles across global insurance operations. The platform serves the Lloyd's marketplace and the wider insurance company market globally, acting as the financial infrastructure that connects carriers, delegated authorities, brokers, and service providers.

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Our story

Key Milestones

2014

$1M Venture round

2015

Vitesse solutions for corporate, HR, commerce

2017

£500M of annual processed payments

2019

£1B of annual processed payments

2020

$6.6M series A funding

2021

£2B of annual processed payments

$26M series B funding - Strategic pivot to insurance

2022

Launch of Faster Claims Payment (FCP) with Lloyd's of London and LIMOSS

2023

FCP wins 'Claims Initiative of the Year' at the Insurance Post British Insurance Awards

Surpassing the £10B mark in processed payments since inception

2024

Vitesse raises $93m in Series C funding led by KKR to propel US expansion and product development

NY DFS grants approval to Vitesse Trust Company, LLC in New York City to lead its U.S. expansion

2025

Vitesse earns a place in the Sunday Times 100 list of Britain’s fastest-growing private companies

Surpassing the £15B mark in processed payments since inception

2026

Surpassing the £20B mark in processed payments since inception

Compliance

Multi-market Regulated.

Vitesse operates under multi-jurisdictional regulatory oversight, ensuring the trust and compliance required to serve as financial infrastructure for the global insurance ecosystem.
‍United Kingdom
Vitesse PSP Ltd. is regulated by the Financial Conduct Authority (FCA Reference 900646) under the Electronic Money Regulations 2011. Registered Office: 9th Floor, 107 Cheapside, London, EC2V 6DN. Registered in England, Number 08461258.
‍United States
Vitesse Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services. Registered Office: 155 Fifth Avenue, 4th Floor, New York, NY 10010. European Union
Vitesse PSP BV is regulated by DNB (R140513) under PSD2 as a Payment Institution. Registered Office: Blaak 34, 3011 TA Rotterdam, The Netherlands. CoC Number: 69485445.

Frequently Asked Questions

Find answers to common questions about Vitesse, our services, operations and company.

Is Vitesse a bank?

Vitesse is not a bank. It provides financial infrastructure purpose-built for insurance, operating its services within regulated frameworks in the UK, EU and US. Client premium and claim funds are held separately from Vitesse’s corporate funds with established banking partners, while Vitesse provides the technology and services to manage and move those funds.

Is Vitesse a payment service provider (PSP)?

Vitesse provides payment services, but its proposition goes beyond that of a traditional PSP. Vitesse combines global payment capabilities with financial infrastructure for holding and safeguarding insurance funds, managing delegated access and permissions, and providing real-time visibility and reporting. It is purpose-built around the financial and operational requirements of the insurance industry.

Where does Vitesse operate globally?

Vitesse has offices and regulated operations in the US, UK and EU, overseen respectively by the New York Department of Financial Services (NYDFS), the Financial Conduct Authority (FCA) and the Dutch Central Bank (DNB). This enables Vitesse to support insurance clients worldwide with a consistent approach to safeguarding funds, financial operations, reporting and audit trails.

What was the purpose of Vitesse’s latest funding round?

Vitesse raised $93 million in its latest funding round, led by KKR, to accelerate its growth in the US and further develop its product capabilities. Beyond the investment, Vitesse benefits from KKR’s extensive experience and network across the global insurance industry, as well as its focus on AI-driven innovation, supporting Vitesse’s expansion and technology strategy.

How can I apply for a role at Vitesse?

Explore our current opportunities on the Vitesse Careers page and apply directly for a role that matches your experience and interests. Our vacancies span a range of teams and locations as we continue to grow our insurance payments and treasury business internationally. Vitesse has offices in London, New York and Rotterdam, with roles offering remote or hybrid working depending on the position and location.

Join our team.

Vitesse is the financial infrastructure connecting the insurance ecosystem. If you're interested in joining a company that's driving innovation in insurance finance so the industry can act fast, stay in control, and excel, explore our open roles.

Current job openings