What is Previse?
Previse operates at the intersection of artificial intelligence and trade finance, aiming to streamline B2B commerce by predicting and managing invoice eligibility for immediate payment. The platform's proprietary algorithms analyze corporate buyer data to identify invoices that can be paid instantly, with the goal of ensuring 98% of invoices are settled without delay. Founded in 2016 by experts in trade finance, AI, and enterprise technology, Previse is designed to enhance liquidity and reduce payment friction for businesses worldwide.
How much funding has Previse raised?
Previse has raised a total of $36M across 3 funding rounds:
Series A
$7M
Other Financing Round
$11M
Series B
$18M
Series A (2018): $7M, investors not publicly disclosed
Other Financing Round (2020): $11M led by Augmentum Fintech, Reefknot Investments, Hambro Perks, Mastercard, and Bessemer Venture Partners
Series B (2022): $18M supported by ReefKNoT Investments, Tencent, and Augmentum Fintech
Key Investors in Previse
Augmentum Fintech
Augmentum Fintech is a prominent investment company focused on fast-growing fintech businesses disrupting the financial services sector. As the UK's only publicly listed investment company dedicated to fintech in the UK and Europe, it provides patient capital and support to businesses.
Tencent
Tencent is a global technology company offering internet and mobile services, including online games, applications, and instant messaging. It operates a vast digital ecosystem and invests in various technology sectors worldwide.
Mastercard
Mastercard is a global technology company in the payments industry, connecting consumers, financial institutions, and merchants worldwide. It provides a wide range of payment solutions and services through its extensive network.
What's next for Previse?
With its latest major strategic investment, Previse is poised to further enhance its technological capabilities and expand its market reach. The substantial capital infusion, particularly the $18M from its latest round, suggests a focus on scaling operations, advancing its AI-driven predictive analytics, and potentially forging new partnerships within the global financial ecosystem. This funding will likely enable Previse to solidify its position as a leader in automated B2B payment solutions, addressing critical working capital challenges for large enterprises.
See full Previse company page
