Vitesse announced £6.6 million in Series A funding led by Octopus Ventures, and including Hoxton Ventures and angel investors.

Vitesse, a London, UK-based financial services company providing real-time cross-border payments, announced closing a £6.6 million ($8.6M) Series A funding round.

The round was led by Octopus Ventures, and included contributions from existing investor Hoxton Ventures and other angel investors.

The money will be used to invest in sales and marketing capabilities and expand the business scope within the United States.

Vitesse, founded in 2013 by Phillip McGriskin and Paul Townsend, built an online money-transfer platform designed to help users make secured money transactions. The company's platform helps to make inbound and outbound payments, due diligence and transaction monitoring, enabling payment management in a simple and effective way. Vitesse works with customers from the insurance, payroll and corporate payment space, including Brit Insurance, DXC Technology and Gett. To date, Vitesse has processed more than £2.1 billion across almost 2.3 million transactions.

Prior to this round, the company raised a $1 million round from Hoxton in 2015.