London-based cash management fintech Vitt has raised additional funding, bringing the total to $16 million in equity and debt in a round led by Better Tomorrow and Speedinvest.
N26 founder Max Tayenthal participated in this funding round, supporting Vitt’s mission as a “one-stop cash management solution for startups.” The capital will be utilized to scale Vitt’s new treasury product, which aims to help startups diversify their portfolios and earn a return on idle cash. Customers can earn up to 5.07% on assets that are held exclusively with an FCA-regulated custodian.
Saket Kumar, CEO of Vitt, stated: “We have both customers managing thousands and those managing millions. It is incredibly rewarding to be able to serve founders across their journey.”