London-based cash management fintech Vitt has raised $16mn in equity and debt in a round led by Better Tomorrow and Speedinvest.
In brief:
- Vitt describes itself as “the one-stop cash management solution for startups".
- The funding will be used to scale Vitt's new treasury product, which is designed to help startups both diversify and earn a return on their idle cash.
- Customers can earn up to 5.07%, with assets held solely with an FCA-regulated custodian.
What does this mean?
Saket Kumar, CEO, Vitt, says: “We have both customers managing thousands and those managing millions. It is incredibly rewarding to be able to serve founders across their journey.”
