Previse announces $18m funding round

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.”

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