Previse secures £5.3m in Series A funding led by Augmentum to tackle late payments.
The Series A round was led by Augmentum with participation from Bessemer Venture Partners and Hambro Perks.
Share allotment filed at Companies House
Previse deploys artificial intelligence to tackle late payment issues for small businesses by enabling rapid invoice settlement from multinational buyers.
Previse has secured £5.3m in a Series A funding round led by Augmentum, with backing from Bessemer Venture Partners and Hambro Perks.
The company applies artificial intelligence to help multinational corporations settle supplier invoices immediately upon receipt. The financing will support the continued development and deployment of these payment tools designed to protect smaller enterprises from cashflow disruption.
Previse co-founder David Brown noted that delayed corporate payments damage supply chains and ultimately raise costs for buyers.
From the founder
"Failing to pay on time for the goods and services is not only morally wrong, it makes no commercial sense."
David Brown
Co-founder at Previse
