Previse

About:

Previse utilizes artificial intelligence to predict invoice payment decisions.

Website: http://www.previ.se/

Twitter/X: getsmepaid

Top Investors: Tencent, Mastercard, Founders Factory, Scottish Enterprise, Bessemer Venture Partners

Description:

Previse uses Artificial Intelligence to enable corporate buyers to safely ensure they pay all their suppliers instantly. Paying all suppliers instantly eliminates their need to rely on expensive short term credit, lowering costs for buyers and giving SMEs the confidence to reinvest in growing their businesses, boosting the economy. Suppliers simply click to agree to instant payments. Previse then uses hundreds of millions of data points and sophisticated Artificial Intelligence algorithms to provide a score of a corporate buyer’s likelihood to pay the invoice. This allows funders to instantly release funds to the supplier to meet the invoice. Previse sits alongside funders’ existing payment technology. Its frictionless adoption requires no changes to either buyers’ or funders’ existing payment infrastructure or on-boarding of new processes or technologies.