London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US. The Series C round was led by Wall Street private equity giant KKR, with involvement from existing investors including Hannover Digital Investments. Vitesse did not disclose at what valuation it had raised the money. The firm was founded in 2014 and has 177 employees. It provides treasury and payment solutions for insurance companies across Europe and is also growing across the pond. Vitesse announced on Tuesday that it had appointed Curt Hess, CFO and COO at 10x Banking and once chief executive of Barclays’ US consumer bank, as an executive president to oversee its expansion in the country. Phillip McGriskin, Vitesse’s co-founder and CEO, said on Tuesday: “This latest funding is a strong testament to the confidence our investors have in our mission to revolutionise payment and treasury management in the global insurance market.” Patrick Devine, a managing director in KKR’s tech growth unit, is set to join Vitesse’s board following the investment. He said KKR saw “a real market opportunity for Vitesse to disrupt and add significant value to the industry”. The news comes amid hopes for a rebound in UK...