New Glasgow Office Creates 37 Tech Jobs

09 Jan 2018

A new development centre in Glasgow, creating 37 data science jobs is being set up by B2B payment decisions start-up Previse.

Supported by a £800k R&D grant from Scottish Enterprise, this is the London-based company's first office in Scotland, from where it plans to start rolling out its first instant-payments programme with a number of blue chip multinational buyers.

Previse's technology uses artificial intelligence to enable large businesses to pay their suppliers the day they receive an invoice. Using hundreds of millions of data points, it creates an independent score of a multinational buyer's likelihood to pay an invoice.

David Brown, Previse's co-founder (pictured) said: "Glasgow has become a thriving centre of UK financial technology, making it an ideal place for us.

"Late invoice payments is a global problem. Failing to pay on time for goods and services drives up the cost of business for SME suppliers which, in the end, will feed through into purchasing costs for buyers.

"We are looking forward to further strengthening our ties to the Scottish business community as well as Scottish academia, through our work with The Data Lab, and with the support of Scottish Enterprise."