Previse

We're delighted to announce that we've closed the first phase of our Series B financing, raising USD 18 million. The financing round, led by Tencent, along with participation from existing investors including Augmentum Fintech and ReefKNoT Investments, will enable the expansion of our data-driven working capital finance solutions, designed for SMEs. Having added a range of new partners, solutions and increased our geographic reach in 2022, we look forward to keeping up the momentum with this additional funding and support. #SCF #WorkingCapital #CashFlow

Mid-market CFOs have a tough job. They must strike a perfect balance by pursuing growth opportunities all whilst ensuring the company’s stability. This involves managing risk, maintaining operational efficiency and making strategic investments, all while navigating economic uncertainties. Inaccurate or inconsistent data makes it difficult to model different scenarios, leaving them open to unforeseen risk. By adopting a unified approach, CFOs can confidently support both stability and growth objectives through reliable decision-making and real-time insights. Previse’s SmartData solutions eliminate the inefficiencies caused by inconsistent data by consolidating and automating financial transactions across ERP, S2P and CRM systems. Transform your data into decisions, and schedule a demo to experience how Previse can unlock your company’s potential: https://previse.co/en-gb/ #automation #CFOs #B2Bpayments #innovation #technology #AI #smartdata #fintech

Writing for Euromoney, Paul Golden, interviewed multiple payments industry leaders to get their take on how technology is redefining B2B payments. A common theme throughout the article is that the digitization of B2B payments is creating a more streamlined and secure experience, increasing trust between both buyer and supplier. Previse’s SmartData solutions ensure both of these and more, with our bank-grade security connecting you with your financial data without sacrificing control. Trusted by leading organizations, Previse empowers global CFOs to embrace digital transformation, streamline their operations and build the next generation of financial solutions. Schedule a demo today to find out how we can help you: https://previse.co/en-gb/ Read more about how technology is transforming B2B payments here: https://lnkd.in/eS-atNKt #B2Bpayments #Euromoney #fintech #automation #technology #AI #smartdata #CFOs

ICYMI 👀 The Previse team has been working hard to develop our existing product suite and help advance your B2B commerce capabilities! ⛓️Supply chain resilience - Identify the risks in your supply chain before they create disruption by enabling real-time supplier health monitoring. 💸 Cash flow and liquidity management - Reduce the administrative effort of supplier enablement, increase AP efficiency and enable finance teams to proactively manage credit exposure and reduce the risk of bad debts. 💰Cost optimization and profitability - Automate the consolidation and categorization of fragmented spend data to achieve greater visibility into spending patterns. To see all our new capabilities and to schedule a demo, visit our new-look website: https://previse.co/en-gb/ #fintech #tech #websiteupdate #innovation #smartdata #payments #b2bpayments #technology

The role of CFO at mid-market US firms has never been so complex, yet critical. The the current volatile economic environment has thrown up a number of different challenges: ⛓️ Data fragmentation across systems 📈 Increasing demand for real-time insights 🚨 Regulatory and compliance pressure 🤖 Challenges in predictive analytics and AI adoption. We are here to help. Trusted by leading organizations, Previse empowers CFOs to embrace digital transformation, streamline operations and build the next generation of finance solutions. Transform your data into decisions - schedule a demo today to experience how Previse can unlock your company’s potential: https://previse.co/en-gb/ #AI #data #smartdata #CFOs #midmarket #regulation #compliance #tech #fintech

Virtual cards promise an overhaul of archaic B2B payments processes, yet their adoption is stifled by supplier acceptance. In a conversation with PYMNTS, our CEO Paul Christensen was quick to point this out, highlighting that while 80% of buyers favor virtual cards, their usage accounts for just 2% of their accounts payable transactions. However, he sees this as just a temporary hurdle. In the months and years ahead, he says he “can see these tools enabling the industry to put one to two trillion dollars” on virtual cards in the next five years. To read more of Paul’s thoughts on the inevitable rise of virtual cards, visit: https://lnkd.in/gUCxgNUs #virtualcards #technology #innovation #tech #fintech #suppliers #b2bpayments

Writing for PaymentsJournal, Tom Nawrocki shares the myriad of benefits for businesses that commit to an automated payments process. Automation of payment processes allows accounts receivable and accounts payable functions to grow, helping companies maintain tighter control of their capital and avoiding cash flow squeezes. Previse’s SmartPay uses smart data and AI to automate the payment process to help track unnecessary spending and flag potential breakdowns and challenges in processes: https://previse.co/en-gb/ Read more about the benefits of automating payment processes here: https://lnkd.in/e7ECw5tY #payments #automation #tech #innovation #cashlow #b2bpayments #fintech #technology #smartdata #AI

Our CEO, Paul Christensen, recently joined Marc Dragon of ReefKNoT Investments for their Founder’s Spotlight Series. In this interview, Paul discussed why he started Previse, the challenges he has faced in building the company and also his invaluable insights for those who are founding their first businesses. Check out the full interview below:

For years, the use of cards in B2B payments has been rising but it hasn’t quite broken into the mainstream yet. However, with the news that American Express is set to provide virtual card processing services, buyers and suppliers in the B2B space are increasingly waking up to a new reality. Unlocking supplier acceptance in this space is an ever present hurdle, but one that can be worked around as our CEO, Paul Christensen, explained to PYMNTS. “Thousands of buyers have said that they love virtual cards, and yet very few suppliers are willing to accept them despite the fact that they are really good products.” Paul goes on to explain that by embracing card payments suppliers unlock working capital benefits - from faster payment cycles to reduced payment risk - while enhancing their competitive positioning in the digital economy. Read more about how virtual cards are helping usher in a new era of supplier enablement here: https://lnkd.in/euT66qHG #B2Bpayments #virtualcards #commercialcards #fintech #technology #AI #smartdata

The use of virtual cards is currently surging, mainly due to three specific circumstances: 1. Increased adoption of digital payment solutions 📱 2. A growing need for improved security 🔒 3. An increase in the integration of virtual cards with mobile wallets 💳 A report published by Allied Market Research found that this trend is going to continue, with the global virtual card market set to reach over $2.4 trillion by 2032, up from $415.1 billion in 2023. Previse’s virtual card solution, SmartPay, is helping drive this growth, by giving firms greater control and peace of mind over their finances. Learn more at: https://previse.co/ Read the full report here: https://lnkd.in/eG4DbjTA #virtualcards #technology #innovation #fintech #b2bpayments #AI