Reefknot Investments, a Temasek-backed logistics venture capital firm, and Mastercard have co-led an $11 million funding round for UK-based fintech startup Previse. The round was joined by existing investors Bessemer Venture Partners, Hambro Perks and Augmentum Fintech.
Founded in 2016, Previse was started by a team of trade finance, artificial intelligence (AI) and enterprise technology experts to tackle the problem of untimely payment for SME suppliers. The payment of invoices continues to rely on traditional methods which often takes months.
