{
  "id": 12322310,
  "title": "Cleavr bags €8M to scale AI-powered invoice collection across Europe",
  "url": "https://urgent.news/2026/10/06/cleavr-bags-8m-to-scale-ai-powered-invoice-collection-across-europe",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-06T06:30:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/10/06/cleavr-bags-eur8m-to-scale-ai-powered-invoice-collection-across-europe/"
  },
  "original_language": "en",
  "account": "Fintech startup Cleavr has secured €8 million in seed funding to broaden its AI-powered invoice collection platform throughout Europe. The investment round was spearheaded by Varsity, with additional backing from Kima Ventures, Better Angle, Portfolio Ventures, Kerala, and Financière Saint James. Cleavr, founded by Baptiste Nassoy, Arthur Guerin, and Antoine Grenard, is leveraging artificial intelligence to streamline the process of tracking and collecting outstanding invoices, a task that remains predominantly manual for many businesses.\n\nOnce an invoice is issued, Cleavr's platform identifies the appropriate contacts and manages follow-ups through email, phone, or SMS. It also monitors payment commitments and escalates disputes, leaving human intervention for cases requiring manual attention. Cleavr reports that its platform enables customers to cut their days sales outstanding (DSO) by an average of 37% within the first few weeks and collect 40% more cash. Additionally, the company claims that the time finance teams spend on chasing payments is reduced by 80%.\n\nBaptiste Nassoy, Cleavr's co-founder and CEO, highlights how delegating payment collection to Cleavr allows finance teams to concentrate on higher-value work. The company has already gained traction across various industries and is currently operating commercially in several European markets, processing billions of euros in invoices annually and aiding customers in international payment collection. Cleavr's platform is designed to adapt to organizations, ERP systems, and internal processes within days, without incurring any activation fees or locking customers into licenses.\n\nThe founders, Arthur Guérin and Antoine Grenard, emphasize that AI allows Cleavr to offer personalized solutions at scale, with the platform adapting to each organization, ERP, and internal process without any additional costs. The primary driver of customer retention, according to the founders, is the faster cash inflow. The new funding will be allocated towards further product development, expanding the sales team, and facilitating Cleavr's growth across Europe.",
  "summary": "French fintech Cleavr has raised €8 million in aseed round to expand its accounts receivable automation platform across Europe.The round was led by Varsity, with participation from existing investors ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}