Cleavr secures €1M seed round
French fintech Cleavr has raised €1 million in funding to expand its AI-driven cash-collection platform, targeting one of France’s most persistent corporate pain points: unpaid invoices. The round was backed by Kima Ventures and a group of prominent finance leaders, including top CFOs, the company said.
Addressing France’s unpaid invoice problem
Late payments remain a structural issue for many French businesses, tying up working capital and forcing finance teams to spend significant time on reminders, reconciliations, and dispute handling. Cleavr is positioning its product as a way to modernize these workflows with AI, helping companies accelerate collections while reducing manual effort.
Cutting DSO for mid-market companies
The startup’s focus is on mid-market firms, where finance departments often face enterprise-level complexity without the same level of tooling or staffing. By automating outreach and streamlining follow-ups, Cleavr aims to shorten Days Sales Outstanding (DSO)—a key metric that measures how long it takes to collect payment after a sale.
What the funding supports
With the new capital, Cleavr plans to strengthen its product capabilities and scale adoption among French companies looking to improve cash predictability. The involvement of CFO backers signals strong interest from finance executives seeking practical automation in accounts receivable and collections.
As businesses continue to prioritize liquidity and operational efficiency, solutions that reduce unpaid invoices and improve collection cycles are increasingly seen as strategic—not just administrative—tools.
Related
