Cleavr Raises $1.15M to Automate Accounts Receivable with AI

Paris-based Cleavr, an AI platform focused on automating accounts receivable processes, has raised $1.15 million in a pre-seed funding round. The company plans to use this capital to expand its presence across France. It also aims to prepare for a broader European rollout in 2026. The funding reflects rising investor interest in AI tools that address cash flow inefficiencies.

Late Payments Continue to Impact Businesses

Late payments remain a persistent issue for businesses. Studies show that 94% of companies in France lose money each month due to unpaid invoices. This problem continues despite the presence of digital tools.

Most legacy systems automate only a small part of the collection cycle. As a result, finance teams still handle many repetitive tasks manually. This slows operations and puts pressure on working capital. Therefore, companies often struggle to maintain stable cash flow.

Cleavr’s Approach to Automation

Cleavr presents its platform as an autonomous AI system that manages the full accounts receivable cycle. It handles reminders through email, SMS, and AI-driven calls. In addition, it communicates with debtors and records payment commitments.

By automating up to 80% of these activities, the platform reduces manual workload. This allows finance teams to focus on complex cases that require human input. As a result, teams can operate more efficiently.

The system also identifies the right contacts within client organizations. It supports dispute handling and payment tracking. According to CEO Baptiste Nassoy, the aim is to bring structured collection processes to companies of all sizes.

Early results suggest measurable impact. Clients have reported an average 37% reduction in Days Sales Outstanding. This indicates improved cash flow cycles.

Investor Participation in the Round

The funding round includes participation from venture capital firms such as Kima Ventures and Better Angle. It also received support from business angels, including Raphaël Nahum, CFO of Pennylane, and Régis Samuel, CEO of MyUnisoft.

This mix of investors highlights confidence in Cleavr’s product and its potential market fit. It also signals growing interest in AI-based financial automation tools.

Raphaël Nahum noted that Cleavr offers a collaborative AI approach where traditional tools fall short. He added that the platform simplifies collections and reduces the need for dedicated teams. This could make such solutions more accessible to a wider range of companies.

Position Within the Fintech Landscape

Cleavr’s funding aligns with a broader trend in European fintech. Many startups are building tools to automate finance operations and improve efficiency.

Although the round size is relatively small, it reflects ongoing activity in the sector. Other companies, such as Paraglide and Donnerstag.ai, are also working on similar problems. Together, these developments point to increasing adoption of AI in invoicing and cash flow management.

Expansion Plans and Long-Term Vision

With the new funding, Cleavr plans to improve its product and expand its customer base in France. The company already works with clients such as Skello and Greenly.

Looking ahead, Cleavr aims to enter other European markets starting in 2026. Its long-term goal is to reduce or eliminate late payments across the region. The company also intends to position itself as a core platform for B2B financial operations.

Outlook

The pre-seed funding marks an early milestone for Cleavr. It provides the resources needed to scale its platform and refine its offering. By addressing inefficiencies in accounts receivable, the company targets a common business challenge.

As it expands, Cleavr’s approach may contribute to more efficient financial processes. Its progress will depend on adoption across different markets and industries.