TEMASEK joint venture Reefknot Investments and Mastercard have co-led an US$11 million funding round for London-based fintech Previse, Reefknot said on Thursday.
Existing investors US-based venture capital firm Bessemer Venture Partners, UK-based VC firm Hambro Perks and fintech-focused UK fund Augmentum Fintech also participated.Previse focuses on helping suppliers to get paid quicker by corporate firms. According to Reefknot, the startup uses artificial intelligence to analyse corporate buyer data to detect invoices that need manual intervention so that the rest are paid instantly.
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