Chinese technology giant Tencent Holdings is investing in business payments FinTech Previse.
In Brief:
Previse uses AI to offer B2B payments so businesses can pay suppliers more efficiently.
Sky News has reported that Tencent will lead its Series B round.
This is expected to raise £10mn and value the company at about £65mn.
What does this mean?
This is the latest in a string of investments into UK FinTechs by Tencent, which also has shares in Monzo.
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