What is Previse?
Previse operates at the intersection of artificial intelligence and trade finance, aiming to revolutionize how businesses manage their accounts payable and receivable. The company's proprietary technology analyzes buyer data to identify invoices eligible for immediate payment, ensuring that 98% of invoices can be settled instantly. Founded in 2016 by experts in trade finance, AI, and enterprise technology, Previse addresses a critical bottleneck in global commerce by providing liquidity and predictability. Its smart algorithms enhance financial efficiency for large corporate buyers, mitigating risks associated with delayed payments and improving cash flow management across the supply chain.
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 Bessemer Venture Partners, Reefknot Investments, Hambro Perks, Augmentum Fintech, and Mastercard
Series B (2022): $18M supported by Tencent, Augmentum Fintech, and ReefKNoT Investments
Key Investors in Previse
Tencent
Tencent is a global technology conglomerate known for its extensive investments in internet services, gaming, and digital entertainment, often backing innovative technology companies.
Augmentum Fintech
Augmentum Fintech is the UK's leading listed investment company focused on high-growth fintech businesses across the UK and Europe, providing patient capital to disruptive financial technology firms.
Bessemer Venture Partners
Bessemer Venture Partners is a prominent venture capital firm with a long history, investing in early-stage and growth-stage technology companies across various sectors.
What's next for Previse?
The recent major strategic investment in Previse signals a strong commitment to scaling its operations and further developing its AI-driven financial solutions. With a substantial total funding amount of $36M, the company is well-positioned to expand its market reach and enhance its technological capabilities. This capital infusion is likely to fuel product innovation, bolster sales and marketing efforts, and strengthen strategic partnerships. Previse's focus on enterprise-level B2B commerce finance, coupled with its advanced predictive analytics, positions it for significant growth in the evolving landscape of digital finance and supply chain optimization.
See full Previse company page
