Cleavr Raises €8M to Scale AI Invoice Collection
Cleavr raised €8M Seed led by Varsity to scale its AI-powered invoice collection platform across Europe, reducing days sales outstanding for businesses.
The big picture: Paris-based fintech Cleavr, which automates accounts receivable and invoice collection with AI, has raised €8 million in a seed round led by Varsity, with participation from existing investors Kima Ventures and Better Angle, as well as Portfolio Ventures, Kerala, and Financière Saint James. The company, founded in 2025, develops an AI-powered platform that automates the invoice collection process, from identifying payment contacts and sending reminders to tracking payment commitments and handling disputes. Cleavr aims to strengthen its sales team, continue product development, and accelerate its expansion across Europe.
Why it matters:
- Market Need: Accounts receivable remains a largely manual process for many businesses, creating significant cash flow challenges and operational inefficiencies.
- Proven Impact: Cleavr’s platform has demonstrated a 37% average reduction in days sales outstanding and 40% more cash collected for its more than 100 customers within seven months of launch.
- European Expansion: The funding will fuel Cleavr’s growth across France, Spain, Germany, Belgium, Italy, and the UK, addressing a broad and underserved market for autonomous financial management.
How it works:
- AI Automation: Cleavr’s platform leverages AI to automate the entire invoice collection lifecycle, from initial contact identification to payment commitment tracking and dispute resolution.
- System Integration: The solution connects seamlessly with existing ERP and accounting systems, streamlining data flow and enhancing operational efficiency for finance teams.
- Multi-Channel Engagement: Companies can manage collections through integrated email, phone, and SMS communications, ensuring comprehensive outreach to debtors.
The catch: The fintech automation space, particularly in accounts receivable, is becoming increasingly competitive, with numerous players vying for market share. Scaling across diverse European markets presents challenges related to varying regulatory frameworks, language barriers, and localized business practices.
Key Facts
- Company: Cleavr
- Amount: €8M
- Round: Seed
- Investors: Varsity (lead), Kima Ventures, Better Angle, Portfolio Ventures, Kerala, Financière Saint James
- Founders: Baptiste Nassoy, Arthur Guérin, Antoine Grenard
- Sector: AI-powered Invoice Collection
- Headquarters: Paris, France
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