Vitesse, a fintech offering real-time cross-border payments for businesses, scores ₤ 6.6 M Series A

Vitesse, a fintech offering real-time cross-border payments for businesses, scores ₤ 6.6 M Series A

Vitesse, the London-based fintech that offers real-time cross-border payments for businesses, has raised ₤ 6.6 million in Series A financing. The round is led by Octopus Ventures, with participation from existing backers, consisting of Hoxton Ventures and numerous angel financiers. The business says the new investment will be utilized for development, consisting of constructing out its sales and […] , the London-based fintech that offers real-time cross-border payments for services, has actually raised ₤ 6.6 million in Series A financing. It currently targets businesses in the insurance, payroll and corporate payment space that want to streamline their liquidity management and quickly make cross-border payments.”Cross-border payments are still mostly ineffective, particularly for services,” explains McGriskin.”We are basically running a worldwide dispersed, regional banking network to make payments so our consumers don’t have to do it themselves,” says McGriskin. …