Cleavr bags €8M to scale AI-powered invoice collection across Europe

French fintech Cleavr has raised €8 million in seed funding to push its accounts receivable automation platform deeper into Europe. Varsity led the round, with support from Kima Ventures, Better Angle, Portfolio Ventures, Kerala and Financière Saint James. The company closed a €1 million pre-seed round six months ago, so this is a sharp step up in a short time.

Cleavr’s pitch is simple: stop making finance teams hunt invoices by hand. Founded by Baptiste Nassoy, Arthur Guerin and Antoine Grenard, the company has built an AI-native system that takes over the messy part of collections once an invoice goes out. It identifies the right contacts, follows up by email, phone or SMS, and keeps track of promised payments. If a dispute needs a person, one gets involved.

The numbers Cleavr is putting forward are aggressive. It says customers reduce days sales outstanding by an average of 37 per cent within the first few weeks, collect 40 per cent more cash and cut the time spent chasing payments by 80 per cent. That is not a small efficiency tweak. It is the sort of claim that gets finance teams and investors leaning in.

Cleavr says it is already active commercially in several European markets, working across industries and handling several billion euros in invoices each year for customers that operate internationally. It is also trying to remove some of the usual friction: the platform is meant to adapt to different organisations, ERP systems and internal processes within days, without activation fees or locked-in licences. The new capital will go into product development, sales hiring and expansion across Europe.