London-headquartered FinTech Previse has raised $18 million of new capital.
The company, which operates an infrastructure connecting suppliers on existing B2B networks with finance, processes global corporate and SME trading data and uses AI to predict future revenues.
Global tech giant Tencent led the round, along with participation from existing investors including Augmentum Fintech and Reefknot.
The money will be spent on expanding the availability of its capital finance features.
“We’re delighted to have completed this first phase of our Series B round, which will allow us to accelerate the adoption of our working capital finance solutions,” said Paul Christensen, co-founder and chief executive, Previse. “To have Tencent lead our round is a great endorsement of our model and the opportunity we are addressing.”
Latest News
-
Barclays and Santander see largest current account losses after outages
-
WisdomTree chooses BNY for BaaS infrastructure
-
McGill and Partners to develop digital broking platform
-
ECB plans digital euro pilot ahead of 2029 issuance
-
Goldman Sachs and DBS complete ‘first-ever’ interbank over-the-counter crypto options trade
-
Ubank expands passkeys to online banking in ‘Australia-first’
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories