Previse selected to join Mastercard’s Start Path programme
Previse, a developer of AI that speeds up the supplier payment process, has announced that it was selected to join Start Path, Mastercard’s startup engagement programme for later-stage scaling startups. Through the six-month programme, a dedicated Mastercard Sponsor provides a gateway to operational support, technology expertise, commercial engagement with Mastercard’s global ecosystem and opportunity to secure strategic investment.
The programme provides banks and merchants access to a global portfolio of financial technology startups, to enable them to accelerate commercial products and solutions through collaboration. Previse’s spot in the programme comes after a competitive selection process, with approximately 1,500 companies evaluated annually for entry into the program, and only around 40 accepted.
The programme is open to fintechs who are rethinking banking, payments and commerce and have raised a significant seed or Series A round of investment.
Previse’s acceptance onto the programme is part of the company’s growth since inception and will increase access to its offering for a wide portfolio of banks and merchants.
Previse uses smart technology to analyse invoice data from large corporations to tackle the issue of slow invoice payments to SME suppliers, enabling payments to be made as soon as an invoice is received rather than waiting for lengthy payment terms.