London-based cash management fintech Vitt has raised additional financing, bringing the total raised to $16 million in equity and debt in a round led by Better Tomorrow and Speedinvest.
N26 founder Max Tayenthal joined the round for Vitt, which 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.
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.”