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.

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
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NY DFS grants approval to Vitesse Trust Company, LLC in New York City to lead its U.S. expansion
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2025
Vitesse earns a place in the Sunday Times 100 list of Britain’s fastest-growing private companies
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Surpassing the £15B mark in processed payments since inception

Vitesse earns a place in CNBC Statista World's 300 Top Fintech Companies
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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.

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.