Previse, a London, UK-based fintech company, raised US$7m in a Series A funding round.
The round was led by Augmentum Fintech and Bessemer Venture Partners with participation from Hambro Perks and existing and new angel investors.
The company intends to use the funds to onboard clients and further develop its technology.
Founded in 2016 by Paul Christensen, Chief Executive Officer, Previse enables buyers to have all their suppliers paid instantly, as soon as the buyer receives an invoice. It uses machine learning technology to root out the invoices which are unlikely to be paid, allowing a funder to pay the rest immediately. The small fee paid by the supplier for instant payment is shared between the buyer, the funder and Previse.