To Reefknot, this is a worthy investment given Previse’s ability to ensure a more seamless payment of e-commerce suppliers, upon receipt of an invoice. It is unlike the traditional payment pattern of payment coming in months after the transaction is completed.
SINGAPORE (Apr 16): Temasek-backed venture capital fund Reefknot Investments has just put forth an investment in UK-based start-up Previse.
Together with other investors such as global financial services provider Mastercard, Reefknot is investing US$11 million ($15.7 million) in the company.
