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July 7, 2021

Pagero ties up with Previse to embed early payment capabilities

By Johney Amala

Previse, the AI fintech that enables suppliers to get paid instantly, has joined forces with global e-invoicing firm, Pagero to enable instant, embedded finance via its open business network.

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Under the alliance, Pagero will rollout Previse’s early payment capabilities to its customers.

This includes the introduction of a ‘pay me now’ button for the suppliers on the Pagero network as soon as they generate an invoice.

Previse’s InstantPay platform is said to employ an artificial intelligence trained on billions of pounds worth of invoice data.

After making a smart assessment of whether invoices will be paid, the platform unlocks bank capital to pay suppliers, instantly.

Pagero’s platform digitises document flow between buyer and supplier and is designed to offer a ready set of data points upon which InstantPay operates.

Previse sales director Steve Dempsey said: “It is time to bring embedded finance technology into the B2B space and give suppliers control over how they get paid.

“Pagero is an industry leader in end-to-end supply chain management and its P2P platform is second to none. We are excited to work with Pagero to embed the next generation of early payment solutions into its platform.”

Pagero Western Europe managing director Matt Hammond added: “Previse’s embedded finance solution is unique, and we are excited to bring this technology to our customers. We look forward to collaborating with Previse to offer truly flexible supply chain management for all of our suppliers.”

Previse, which was founded in 2016, is backed by Augmentum, Bessemer Venture Partners, and Hambro Perks among others.

Last year, American Express joined forces with SAP Concur, a software-as-a-service (SaaS) company, for automating invoicing and expense management processes for its business clients.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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