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Chinese behemoth Tencent takes stake in UK fintech Previse

April 22, 2022
Source: simplenews.co.uk simplenews.co.uk
News Snapshot:
Tencent Holdings, the Chinese technology behemoth, is adding to its interests in British fintech start-ups by taking a stake in Previse, a fast-growing player in business payments. Sky News understands that an arm of Tencent is leading a Series B funding round for Previse that will raise just over £10m. Sources said the fundraising would value the UK company at around £65m on a pre-money basis. Advertisement It is the latest British tech company to draw funding from Tencent, which has a market value equivalent to hundreds of billions of pounds. The Chinese company’s other UK holdings include Monzo, the...
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