Cleavr raises €1M to develop an AI solution for accounts receivable

Cleavr, a French startup specializing in AI-driven accounts receivable management, has successfully secured €1 million in funding. This investment, supported by prominent VCs and industry leaders, will fuel the company's mission to automate and optimize the complex processes involved in collecting payments. The funding underscores the growing demand for sophisticated financial technology solutions that address persistent issues like late payments and cash flow disruptions. The core of Cleavr's offering is an advanced AI platform designed to manage the entire accounts receivable cycle autonomously. It tackles the prevalent challenge of unpaid invoices by automating crucial tasks such as sending reminders, reconciling payments, and managing disputes. Unlike rigid, rule-based systems, Cleavr's AI employs multi-channel communication strategies, intelligently identifies key contacts, processes payment commitments, and escalates issues as necessary, thereby enhancing collection efficiency. This innovative solution significantly impacts small and medium-sized enterprises (SMEs) and larger corporations alike, empowering them to achieve the collection rigor typically found in large finance departments. By automating routine follow-ups and enabling finance teams to focus on more complex cases, Cleavr aims to dramatically improve cash flow management and reduce financial losses. The platform's ability to integrate with existing accounting and ERP systems further simplifies adoption and allows for continuous adaptation of communication strategies based on debtor interactions. With early adoption by around fifty clients, Cleavr is poised for further expansion, with plans for significant deployment in France and eventual international rollout into European markets from 2026.