Previse is a fintech startup focused on helping suppliers get faster payment.
Previse's goal is to handle payments for five million suppliers within the next five years.
Previse was co-founded in 2016 by Paul Christensen, Philipp Schoenbucher, Andre de Cavaignac, Giulio Rossi and David Brown. The company is headquartered in London, with offices in Glasgow and Edinburgh.
Previse's flagship product, InstantPay allows corporate buyers to send quick payments to suppliers by using machine-learning based technology to analyze historical data and predict which invoices can be paid immediately, and which ones are potentially higher risk and need to be checked manually.
Previse partnered with Mastercard to integrate Mastercard Cross-Border Services using Previse’s InstantPay. Companies using InstantPay can send digital payments s to suppliers in more than 100 markets globally and access real-time exchange rates for local currencies.
Previse's solutions link SMBs to the working capital embedded in existing business-to-business (B2B) platforms. Previse currently processes about 100,000 invoices a day.
Previse is backed by Tencent, Reefknot Investments, Mastercard, Bessemer Venture Partners, Hambro Perks, Augmentum Fintech, Kuehne + Nagel, and others. The company closed its Series B with $18M on May 24, 2022. This brings Previse's total funding to $39.8M to date.