04:46 AM EDT, 05/21/2024 (MT Newswires) -- Vitesse, a treasury and payment services provider for the insurance industry, disclosed early Tuesday the completion of a $93 million Series C funding round led by KKR & Co. ( KKR ) .

Existing investors, including Hannover Digital Investments, also participated in the funding.

Following the investment, subject to regulatory approvals, Patrick Devine, a managing director in KKR's technology growth team, will join the Vitesse board.

"The investment will support Vitesse's expansion efforts into the US, whilst enabling the company to continue to invest in product development," it said in a statement.

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