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.
Using artificial intelligence trained on billions of pounds worth of invoice data, 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.
The past 18 months have shone a light on the need for robust supply chains, underpinned by fast and easily accessible B2B payments. Previse is currently expanding its range of embedded early payments solutions to platforms and corporates globally, making it easy for end-users to choose when they get paid.
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.”
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.”