Invoice verification software developer Previse has raised at least $20.5m to date, Mastercard leading its latest round with the Kuehne + Nagel-backed Reefknot Investments.
Payment services firm Mastercard co-led an $11m funding round for UK-based invoice clearing software developer Previse yesterday.
The round was co-led by Reefknot Investments, a partnership between logistics firm Kuehne + Nagel and Singaporean government-owned fund Temasek, and included Bessemer Venture Partners (BVP), Hambro Perks and Augmentum Fintech.
Previse has built an artificial intelligence-driven software platform called InstantPay that can automatically inspect large quantities of enterprise invoices so valid claims are paid instantly, while selecting uncertain cases for manual assessment.
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