CEO and Founder of machine learning supplier payments firm Previse, Paul Christensen, discusses the importance of innovation in supplier payments in this PaymentEye article:

 “The zeitgeist has changed. Slow payments are not acceptable socially, economically or politically. Yet we probably need to do more and really look at practical solutions because the problem hasn’t been fixed. Something needs to change or we will end up with more Carillions.”

“We’re changing a culture and a system that’s decades old, and that’s not easy,” says Christensen. “It’s a process. These organisations have hundreds of people in accounts payable departments checking invoices, it’s a very manual cumbersome process that often takes months. It’s such a huge global problem that has such a negative impact on millions of small businesses, yet at the same time, it’s actually very easy to fix.”

 

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Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

Georgie Hazell

Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.

Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.

Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.

Ellen Logan

Ellen is an Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.