Late payments continue to strain businesses across Europe, tying up working capital and forcing finance teams to spend significant time chasing invoices instead of focusing on strategic work. Paris based startup Cleavr is looking to change that dynamic by automating accounts receivable processes with artificial intelligence, and has now raised €1 million to expand its platform and reach more companies.
The funding round was backed by Kima Ventures, Better Angle, and a group of experienced operators including Raphaël Nahum, CFO of Pennylane, Régis Samuel, CEO of MyUnisoft, and Olivier Brourhant, CEO of Mantu. The investment will support Cleavr’s efforts to scale its solution in France and prepare for broader European expansion.
Tackling a persistent financial challenge
Late payments are a longstanding issue for businesses of all sizes, often leading to cash flow disruptions and financial losses. Despite the importance of efficient accounts receivable management, many companies still rely on manual processes to track invoices, send reminders, and follow up with clients.
These processes can be time consuming and inconsistent, especially for smaller teams that lack dedicated resources for collections. As a result, overdue invoices may go unaddressed or receive irregular follow up, further increasing the risk of delayed or missed payments.
Cleavr aims to address this challenge by automating much of the accounts receivable cycle, allowing companies to manage collections more systematically and efficiently.
An AI driven approach to collections
Cleavr’s platform is designed to handle a wide range of tasks involved in managing receivables. This includes sending reminders, reconciling payments, managing disputes, and tracking outstanding invoices. By automating these activities, the system reduces the need for manual intervention and helps ensure consistent follow up.
Unlike traditional tools that rely on predefined workflows, Cleavr uses AI to adapt its approach based on context. The platform can manage communication across multiple channels, identify the most relevant contacts, and adjust messaging depending on the situation.
It is also capable of processing payment commitments and escalating cases when necessary, providing a more dynamic and responsive approach to collections. This flexibility allows the system to handle complex scenarios that often require human judgement.
Integrating into existing systems
A key feature of Cleavr’s solution is its ability to integrate with existing accounting and ERP systems. This allows companies to use the platform without overhauling their current infrastructure.
Through these integrations, businesses can monitor overdue invoices in real time, track interactions with clients, and gain visibility into the status of their receivables. The system also learns from past interactions, enabling it to refine communication strategies and improve outcomes over time.
By embedding itself into existing workflows, Cleavr aims to make adoption straightforward while delivering immediate value to finance teams.
Supporting finance teams at scale
Cleavr’s goal is to provide companies with the level of rigour typically associated with larger finance departments. By automating routine tasks, the platform allows teams to focus on higher value activities such as managing complex cases or strengthening customer relationships.
The solution is already being used by around fifty clients, indicating early traction and demand for tools that can simplify and improve accounts receivable management. For many of these companies, the ability to automate follow up and maintain consistent communication has led to improved efficiency and better cash flow visibility.
Founder and CEO Baptiste Nassoy highlighted that the platform is designed to ensure systematic invoice follow up while freeing teams from repetitive tasks.
Expanding across Europe
With the new funding, Cleavr plans to accelerate its deployment in France and prepare for expansion into other European markets. The company is focused on enhancing its product capabilities and scaling its operations to meet growing demand.
An international rollout is planned from 2026, reflecting the widespread nature of payment delays and the potential for AI driven solutions to address this challenge across different regions.
As businesses increasingly seek ways to optimise financial operations and improve cash flow, platforms like Cleavr are emerging as important tools in the evolution of finance functions. By combining automation with adaptive AI, the company is working to transform how organisations manage receivables, turning a traditionally manual process into a more efficient and scalable system.
