Previse, a business finance FinTech, has raised $18mn in its latest funding round.
In Brief:
Previse offers business finance to SMEs through data and machine learning capabilities.
The Series B round was led by Chinese tech giant Tencent.
It also included Augmentum Fintech and Reefknot.
What does this mean?
This round brings the total raised by Previse to $25mn. The business will use the funding to “accelerate the adoption of our working capital finance solutions” according to CEO Paul Christensen.
