Cleavr raises €8M seed to automate accounts receivable collections

Cleavr Raises €8M Seed Round

Cleavr, a Paris-based SaaS fintech, has raised €8 million in seed funding. The round was led by Varsity, with participation from Portfolio Ventures, Kima Ventures, Better Angle, Kerala Ventures, and Financière Saint James.

What Cleavr Does

Cleavr provides AI-powered cash collection and accounts receivable automation for businesses. Its platform is designed to automate the end-to-end collections workflow, covering:

• Multichannel reminders across email, SMS, voice, and WhatsApp
• Debtor portal payments
• Reconciliation
• Dispute handling
• Legal escalation

The product integrates with ERPs and accounting tools, and emphasizes data enrichment, sector-specific risk signals, and rapid time-to-value for finance teams.

Why It Matters

Accounts receivable is a persistent operational burden for finance teams, and collections workflows often span multiple channels and systems. Cleavr's approach is to consolidate that workflow into a single automated platform while connecting directly to the ERP and accounting stack that finance teams already use.

The company's focus on sector-specific risk signals and data enrichment suggests a verticalized approach to collections, rather than a generic reminder tool.

Round Details

• Company: Cleavr
• Headquarters: Paris, France
• Stage: Seed
• Amount: €8,000,000
• Lead investor: Varsity
• Additional investors: Portfolio Ventures, Kima Ventures, Better Angle, Kerala Ventures, Financière Saint James

Acquisition Perspective

For acquirers in fintech, ERP software, or B2B payments, Cleavr represents a seed-stage asset in the accounts receivable automation category. The company sits at the intersection of collections workflow, payment facilitation, and ERP integration—areas that larger financial software platforms frequently look to add through acquisition.

Its Paris headquarters and French market base also make it relevant to European financial software consolidators seeking to expand collections and receivables capabilities.

Summary

Cleavr has raised €8 million in seed funding led by Varsity to continue building its AI-powered cash collection and accounts receivable automation platform for finance teams. The round includes participation from Portfolio Ventures, Kima Ventures, Better Angle, Kerala Ventures, and Financière Saint James.