Previse, founded in 2016, is revolutionizing the landscape of business finance with its slogan, "Business finance reinvented." The company is headquartered in the United Kingdom and operates within the AI, Financial Services, Information Technology, and Payments industries.
Previse leverages innovative smart technology to analyze extensive company data, predicting which invoices are unlikely to be paid. This predictive capability allows the majority of invoices to be settled immediately, enhancing cash flow reliability for large businesses. By decreasing payment delays, Previse ensures improved working capital management.
In its Series B investment round on 22 April 2022, Previse secured a significant funding boost of £10.00M, led by notable investor Tencent. This capital injection underscores investor confidence in Previse's potential to disrupt traditional financial processes and amplify efficiency in payment systems.