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Vitt raises funds; launches treasury product

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.

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Vitt raises funds; launches treasury product

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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.”

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