“Can a vertical, multi-jurisdiction treasury-and-payments platform become the default financial infrastructure for the global insurance ecosystem?”
Vitesse was founded in 2014 as a cross-border payments business by the team behind Envoy Services (sold to Worldpay in 2011). Between 2015-2020 it served corporate, HR and commerce use cases. A decisive 2021 pivot narrowed the company to the insurance vertical — a treasury and claims-payment platform for carriers, MGAs, TPAs and brokers. The Lloyd's FCP partnership in 2022 became its flagship and the 2024 KKR-led Series C plus NYDFS trust charter set up the US expansion around Vitesse Trust Company.
Vitesse discloses Vitesse PSP Ltd. (in-house), Vitesse PSP BV (in-house) and Vitesse Trust Company, LLC (in-house) as its banking providers, according to the Embedded Finance Index 2026.
Vitesse does not disclose a bank charter of its own; its banking services are provided through Vitesse PSP Ltd. (in-house), Vitesse PSP BV (in-house) and Vitesse Trust Company, LLC (in-house).
Vitesse processes payments through Vitesse (self-operated) and worldpay.
Vitesse runs its ledger on Vitesse ledger (in-house).
Vitesse uses Nium for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Vitesse's stack: Payments / PSP (Vitesse (self-operated) and worldpay); Banking / BaaS (Vitesse PSP Ltd. (in-house), Vitesse PSP BV (in-house) and Vitesse Trust Company, LLC (in-house)); Ledger (Vitesse ledger (in-house)); FX & payouts (Nium); Treasury (Vitesse (self-operated)).
Vitesse was founded by Phil McGriskin and Paul Townsend and is founded in 2014, headquartered in London, United Kingdom.
Vitesse has raised ~$128M in total (latest round: Series C, 2024).
Get a read on where your own stack stands against Vitesse and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.