The UK-based fintech raised the first phase of its Series B financing, which will expand the availability of its innovative ‘data-driven’ working capital finance solutions designed for SMEs. The round was led by the multimedia company, Tencent and was supported by existing investors, including Augmentum Fintech and Reefknot.
Previse’s artificial intelligence based analytical tools allow SMEs to connect with billions of cost-effective working capital embedded within existing B2B platforms, which businesses use to transact. Paul Christensen, co-founder and CEO, commented that the financing will “allow Previse to accelerate the adoption of our working capital finance solutions.”
He added that “The MH team, as always, were superb. Deeply experienced, proactive, execution focussed, pragmatic and commercial. A client could not ask for more.”