Previse partners with Pagero to embed InstantPay early payment tech

By Megha Bhattacharya

Previse, the AI FinTech that gets suppliers paid instantly, has partnered with global e-invoicing firm, Pagero to enable instant, embedded finance to be delivered through the world’s largest, open business network. The partnership will see Pagero roll out Previse’s early payment capabilities to its customers, giving suppliers on the Pagero network the option of a ‘pay me now’ button as soon as they generate an invoice.

Steve Dempsey, Sales Director at Previse, 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.”

Previse’s InstantPay platform makes a smart assessment of whether invoices will be paid. Previse then unlocks bank capital to pay suppliers, instantly. Pagero’s platform, which digitises document flow between buyer and supplier, provides a ready set of data points upon which InstantPay operates.

Matt Hammond, Managing Director, Western Europe at Pagero, said: “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.”

Recently, Previse announced two hires to its London team. The company has hired Niv Subramaniam as Commercial Lead and Steve Dempsey as the new Sales Director. The new executives are expected to propel Previse’s InstantPay launch. Previse is growing its team in response to increased demand for its InstantPay technology, which has been spurred on by the need for SMEs to receive faster payments to be able to survive the Covid-19 storm.