Previse, a London, UK-based B2B payment decisions startup, secured a £800k R&D grant.
Scottish Enterprise provided the funding.
The company will use the funds to set up a new development centre in Glasgow, creating 37 new data science jobs.
Co-founded by CEO Paul Christensen, CPO David Brown, CTO Andre de Cavaignac, Philipp Schoenbucher, and Giulio Rossi, Previse leverages artificial intelligence to provide large businesses with technology to pay their suppliers the day they receive an invoice. Using hundreds of millions of data points, it creates an independent score of a multinational buyer’s likelihood to pay an invoice.
Through its partnership with The Data Lab, Scotland’s Data Science innovation center, the company is tapping into some of Scotland’s top data science academics for two projects to further develop its data analytics technology later in the year.