Cleavr

Cover Block

From the public record

Field	Value
Name	Cleavr
Tagline	AI-powered platform automating accounts receivable, from invoice reminders to dispute handling, for European businesses. [Cleavr]
Headquarters	Paris, France [Tech Funding News, October 2026]
Founded	2025 [Tech Funding News, October 2026]
Stage	Seed [Vestbee, October 2026]
Business Model	SaaS
Industry	Fintech
Technology	AI / Machine Learning
Geography	Western Europe
Growth Profile	Venture Scale
Founding Team	Baptiste Nassoy, Arthur Guérin, Antoine Grenard [Dealroom News, October 2026]
Funding Label	Seed
Total Disclosed	Approximately €9 million across pre-seed and seed rounds [JDN, March 2026] [Vestbee, October 2026]

Links

From the public record

• Website: https://www.cleavr.fr/en

The Short Version

PUBLIC Cleavr builds software that automates accounts receivable, from payment reminders through dispute handling, and it merits investor attention because it has moved from roughly 50 customers in March 2026 to more than 100 across six European markets by October 2026, alongside a newly announced seed round [JDN, March 2026] [Tech Funding News, October 2026] [Vestbee, October 2026]. Founded in Paris in 2025, the company is positioning itself around a narrow, operationally painful workflow, late invoice collection, rather than broader accounting automation, which helps explain the early commercial signal if the reported customer growth holds [Tech Funding News, October 2026] [FinTech Global, October 2026].

The product case is straightforward: Cleavr says it orchestrates multi-channel reminders across email, SMS, voicemail, and WhatsApp, adds a debtor portal, reconciliation, legal monitoring, and data enrichment, and integrates with systems including Stripe and Pennylane [Cleavr] [Cleavr, retrieved 2026]. The differentiator, based on public materials, is not a full finance suite but an AI-centered collections layer that aims to cover the workflow from the day after invoice issuance through pre-litigation, which is a tighter wedge than many finance automation peers claim [Cleavr] [The Paypers, October 2026].

The founding team also fits the problem set reasonably well, at least from the public record. Baptiste Nassoy is identified as co-founder and CEO and is reported to have previously worked as an analyst at Kima Ventures, while co-founders Arthur Guérin and Antoine Grenard are linked in coverage to Voodoo and PwC respectively [Dealroom News, October 2026] [Tech Funding News, October 2026]. One founder-name discrepancy remains unresolved in the available reporting, with a March 2026 source listing "Arthur Clérin" while later coverage consistently uses Arthur Guérin, a small but notable diligence item [Finyear, March 2026] [Tech Funding News, October 2026].

On financing, public reporting points to a €1 million pre-seed in March 2026 led by Kima Ventures, followed by an €8 million seed in October 2026 led by Varsity, with participation from several seed investors and angels, giving the company fresh capital to expand beyond France [Cleavr, March 2026] [Vestbee, October 2026] [tech.eu, October 2026]. The business model is SaaS, but the main question for the next 12 to 18 months is less about category demand than proof quality: several operating claims, including 37% lower days sales outstanding, 40% more cash collected, several billion euros of annual invoice volume, and 0% churn, remain company-reported in current coverage and need independent validation as Cleavr scales internationally [Vestbee, October 2026] [tech.eu, October 2026] [The Paypers, October 2026].

Single-source, plausible -- Core company, funding, geography, and founder facts are corroborated by multiple public sources, but several traction and product-performance claims in this section remain company-reported.

Taxonomy Snapshot

Axis	Value
Stage	Seed
Business Model	SaaS
Industry / Vertical	Fintech
Technology Type	AI / Machine Learning
Geography	Western Europe
Growth Profile	Venture Scale
Founding Team	Co-Founders (3+)
Funding	Seed, total disclosed about $9.6M

The Company in Brief

PUBLIC

Cleavr is a Paris-based fintech founded in 2025, with a narrow initial focus on accounts receivable rather than broader back-office software [Crunchbase] [Cleavr]. The company presents itself as an "AI-Powered Cash Collection" platform and describes the product in plain operational terms: automating accounts receivable end to end, including reminders, debtor payments, and reconciliation [Cleavr]. That matters because the public record, at least from company-controlled materials and directory coverage, is more specific on workflow scope than on legal structure or incorporation details, which are not established in the sources used here.

The early chronology is unusually compressed. Cleavr’s own March 2026 announcement disclosed a €1 million pre-seed round and framed the company around automating accounts receivable workflows with AI [Cleavr, March 2026]. By October 2026, the company homepage was carrying a separate €8 million fundraising announcement, indicating a second financing milestone within the same calendar year [Cleavr]. Crunchbase also lists Cleavr as a seed-stage company based in Paris, which aligns with the company’s public positioning and funding trajectory [Crunchbase].

Across those milestones, the public evidence supports a straightforward reading: Cleavr was founded in 2025, established its base in Paris, and moved quickly from launch positioning to two announced financing events by October 2026 [Crunchbase] [Cleavr, March 2026] [Cleavr]. The legal entity name is not confirmed in the cited sources, so the safer view is to treat the operating brand, headquarters, and stage as the clearest verified identifiers available on the public record [Crunchbase] [Cleavr].

Single-source, plausible -- Confirmed by Crunchbase and company website; legal entity details are not established in the cited public sources.

What They Have Built

What They Have Built

MIXED Cleavr is positioning itself as a narrow workflow product rather than a general ledger or ERP replacement. Public materials describe an accounts receivable platform that automates payment-contact identification, reminder outreach, commitment tracking, and dispute handling across the collection cycle [Cleavr] [Vestbee, October 2026] [tech.eu, October 2026]. The company website is more specific on operating surfaces: multi-channel reminders across email, SMS, voicemail, and WhatsApp, recovery workflows that run from friendly follow-up to legal escalation, a debtor portal for one-click payment, payment reconciliation, analytics and reporting, and a 360-degree receivables view for finance teams [Cleavr].

The product story also leans heavily on cross-border execution and AI assistance, although most of that evidence remains company-led. Cleavr says it supports international collection across countries and languages, offers conversational AI, legal monitoring with automatic risk alerts, data enrichment, and AI-generated phone reminders through "AI Calls" [Cleavr]. Press coverage describes the product as an "AI coworker" for invoice collection, and LinkedIn-posted descriptions attributed to company affiliates say the system can cover the cycle from the day after invoice issuance to pre-litigation, while maintaining debtor memory on payment habits, preferred channels, and decision-makers [Tech Funding News, October 2026] [LinkedIn, retrieved 2026]. Integration claims are broad, including Pennylane, Stripe, Chargebee, NetSuite, SAP, Sellsy, HubSpot, Axonaut, Qonto, Odoo, Xero, Hyperline, Slack, Microsoft Teams, and n8n, with Cleavr separately publishing integration pages for Stripe and Pennylane that describe receivables sync, invoicing, subscriptions, collections, and reconciliation workflows [Cleavr, retrieved 2026] [Cleavr].

What can be said with confidence is narrower than the full marketing perimeter. The existence of the core AR automation workflow, debtor portal, multi-channel reminders, and at least some named integrations is supported by the company website and October 2026 coverage [Cleavr] [Vestbee, October 2026] [Tech Funding News, October 2026]. Claims around mutualized learning, ERP connectors being generated within days, or full end-to-end intelligence gains are better treated as product assertions than independently verified performance characteristics, because no public demo, technical documentation, or third-party implementation write-up in the source set substantiates those details [LinkedIn, retrieved 2026].

Unconfirmed -- This section relies materially on company website claims and company-affiliated descriptions, with partial corroboration from Vestbee, Tech Funding News, and tech.eu.

Market Size and Demand

PUBLIC

The market matters now because Cleavr sits at the intersection of two durable pressures in European finance teams: slower cash conversion and a growing willingness to automate narrow back-office workflows with software and AI [JDN, March 2026] [Tech Funding News, October 2026].

The public record does not support a clean TAM, SAM, or SOM for Cleavr's exact category, and that absence is worth stating plainly. What the sources do support is a narrower reading of demand: Cleavr is targeting accounts receivable and collections operations for businesses dealing with recurring late-payment workloads, with early reported traction in logistics, transport, manufacturing, construction, and technology [JDN, March 2026] [FinTech Global, October 2026]. Those sectors share a practical trait, they tend to generate frequent invoices and carry enough payment complexity that delayed collections become a working-capital problem rather than a bookkeeping inconvenience [JDN, March 2026] [FinTech Global, October 2026].

The demand signals visible in the coverage are operational rather than category-sized. Cleavr was reported at roughly 50 customers in March 2026, then more than 100 customers by October 2026 across France, Spain, Germany, Belgium, Italy, and the United Kingdom [JDN, March 2026] [Finyear, March 2026] [Tech Funding News, October 2026]. Company-reported outcomes cited by October coverage, including a 37% reduction in days sales outstanding and 40% more cash collected, should be treated as directional rather than audited benchmarks, but they help explain why finance teams may budget for this category despite broader software scrutiny [Vestbee, October 2026].

Cited market signal	Figure	Scope	Source
Reported customers by March 2026	~50	Cleavr operating base	[JDN, March 2026]
Reported customers by October 2026	100+	Cleavr operating base	[Tech Funding News, October 2026]
Countries served by October 2026	6	France, Spain, Germany, Belgium, Italy, UK	[Tech Funding News, October 2026]
Average DSO reduction	37%	Company-reported customer outcome	[Vestbee, October 2026]
More cash collected	40%	Company-reported customer outcome	[Vestbee, October 2026]

The table does not size the category, but it does show what is more useful at this stage: a concrete buyer pain point translating into early multi-country adoption. For a seed company, that is a better market read than a broad fintech TAM slide built on unrelated spend categories.

Adjacent markets are easier to identify than the exact core market size. Cleavr overlaps with accounts receivable automation, collections software, payment operations, cash application and reconciliation, ERP workflow tooling, and parts of broader office-of-the-CFO software stacks through integrations with systems such as Stripe and Pennylane [Cleavr] [Cleavr, retrieved 2026]. That creates two effects. First, the company can enter through collections and expand toward receivables workflow coordination. Second, it faces substitute solutions from ERPs, accounting platforms, payment providers, and internal manual processes, especially for smaller businesses that may accept delay as an operating norm rather than buy dedicated tooling [Cleavr] [JDN, March 2026].

Macro and regulatory forces appear favorable, although the available sources describe them more through customer urgency than formal policy analysis. The March and October coverage consistently frames late payments as a persistent issue for European businesses, which supports demand for tools that accelerate outreach, dispute handling, and reconciliation without expanding finance headcount [JDN, March 2026] [tech.eu, October 2026] [The Paypers, October 2026]. Cleavr's own product framing also emphasizes cross-border collection, multiple languages, legal monitoring, and KYB-related onboarding flows, which suggests the product is being built for a fragmented European operating environment where compliance, jurisdiction, and communication channels vary by market [Cleavr]. That is a useful tailwind if true in practice, though most of the product-detail evidence remains company-sourced.

Unconfirmed -- This section relies on named third-party coverage for customer counts and market demand signals, but there is no independently sourced TAM/SAM/SOM data for Cleavr's exact category, and several market-relevance claims rest on company-described product scope [JDN, March 2026] [Tech Funding News, October 2026] [Vestbee, October 2026] [Cleavr].

Who Else Is Fighting for This

Positioning

MIXED Cleavr is entering a crowded receivables software stack from a narrower angle than many finance tools, positioning itself as an AI-led collections workflow rather than a general ledger, billing, or full-suite ERP product [Cleavr] [Tech Funding News, October 2026].

Company	Positioning	Stage / Funding	Notable Differentiator	Source
Cleavr	AI-powered accounts receivable automation for invoice reminders, commitment tracking, dispute handling, reconciliation, and legal escalation	Pre-seed €1 million in March 2026; Seed €8 million in October 2026	Multi-channel collections flow with debtor portal, legal monitoring, and broad finance software integrations	[Cleavr, March 2026] [Vestbee, October 2026] [Cleavr]
Upflow	Accounts receivable and collections software competitor named in structured research	Not established in the provided public materials	Named competitive set signal in AR automation	[Structured facts]
LeanPay	Accounts receivable and collections software competitor named in structured research	Not established in the provided public materials	Named competitive set signal in AR automation	[Structured facts]

The competitive map breaks into three lanes. First are direct AR and collections specialists, where Cleavr sits alongside named peers such as Upflow and LeanPay according to the structured research. Second are adjacent finance platforms, including accounting, ERP, billing, and payments systems that Cleavr integrates with, such as Pennylane, Stripe, NetSuite, SAP, Odoo, Xero, and Qonto, which can function as substitutes if buyers prefer to keep collections inside an existing finance stack rather than add a dedicated tool [Cleavr]. Third are manual and outsourced alternatives, including in-house collections teams and legal recovery processes, which remain relevant because Cleavr's product pitch spans the path from friendly reminder to legal escalation [Cleavr] [JDN, March 2026].

Cleavr's edge today appears to rest less on a proprietary system of record and more on workflow focus and speed of deployment. The company says it automates the collection cycle end to end, supports reminders across email, SMS, voicemail, and WhatsApp, includes a debtor payment portal, and connects into a long list of finance and workflow systems [Cleavr]. That makes the wedge legible for a finance team that already has billing and accounting software but still struggles with late payment follow-up. The durability of that edge is less clear. Multi-channel reminders, dashboards, and integrations are useful, but they are also features that direct AR vendors and larger finance platforms can absorb over time. The more durable claim, if it proves out, would be the operating data layer behind debtor behavior, channel selection, and reminder sequencing, but the public evidence for that remains company-led rather than independently validated [LinkedIn] [The Paypers, October 2026].

Where Cleavr looks most exposed is against vendors that already own the broader finance relationship. Integrations with Stripe and Pennylane are helpful commercially, and both are cited publicly by the company, but those integrations also underline a structural constraint: Cleavr is usually riding on top of another system rather than replacing it [Cleavr]. If a buyer's accounting suite, ERP, or payments platform improves native collections functionality, the budget line for a standalone collections layer can come under pressure.

The most plausible 18-month scenario is a sorting of the category by proof of ROI rather than by product breadth. Cleavr had about 50 customers by March 2026 and more than 100 by October 2026, according to JDN and Tech Funding News, which suggests early commercial momentum if those figures hold [JDN, March 2026] [Tech Funding News, October 2026]. In that environment, the likely winner is Cleavr if it can turn company-reported outcomes, including a 37% reduction in days sales outstanding and 0% churn, into repeatable, referenceable evidence across larger customer cohorts and geographies [Vestbee, October 2026] [The Paypers, October 2026].

Inferred, not confirmed -- Direct competitor names are present in the structured research, but stage, funding, and feature-level comparisons for those competitors are not corroborated in the provided public source set; most product-level differentiation for Cleavr rests on company materials and reprinted company claims.

Opportunity

Upside case

From the public record If Cleavr executes, the prize is not a better dunning tool, it is a chance to become the operating layer European finance teams use to turn receivables into cash with less labor and more predictability.

The headline opportunity is to become the default accounts receivable automation platform for mid-market European businesses that still manage collections through fragmented ERP workflows, spreadsheets, and human follow-up. That outcome is reachable, not merely aspirational, because Cleavr appears to have found early market pull fast: the company was founded in 2025, reported roughly 50 customers by March 2026, and was reported at more than 100 customers across France, Spain, Germany, Belgium, Italy, and the United Kingdom by October 2026 [JDN, March 2026] [Tech Funding News, October 2026]. The product scope also matters here. Cleavr is not positioning as general ledger software or a full finance suite, but as a narrow system for reminders, commitment tracking, dispute handling, debtor self-service, reconciliation, and legal escalation, with integrations into systems such as Stripe and Pennylane that make it easier to insert into an existing stack rather than replace it [Cleavr, Unknown] [Cleavr].

That wedge is well chosen for Europe. Late invoice collection is operationally painful, country-specific, and repetitive enough for workflow automation to matter, while still close enough to cash outcomes that finance teams can justify budget if the tool works. Cleavr's public evidence remains uneven, but the company-reported metrics point to the shape of the value proposition: average reductions in days sales outstanding and increased cash collected are the two outcomes that most directly support budget expansion inside a finance organization [Vestbee, October 2026]. Even if those figures are treated cautiously, the combination of a narrow use case, cross-border positioning, and early customer count growth suggests a product solving a recurring workflow rather than a feature looking for a home [Tech Funding News, October 2026] [Finyear, March 2026].

Scenario	What happens	Catalyst	Why it's plausible
Cross-border AR system of record	Cleavr becomes the default workflow layer for collections across European mid-market companies, sitting on top of existing ERP and billing systems	Continued rollout of integrations and multilingual, multi-country workflows	The company already markets international collection across countries and languages and lists integrations with finance and ERP tools including Stripe, Pennylane, NetSuite, SAP, Odoo, and Xero [Cleavr, Unknown] [Cleavr]
Embedded collections layer for finance software	Cleavr grows through accounting, billing, and fintech partners that treat collections as a native extension rather than a separate purchase	Deeper product ties with platforms such as Stripe and Pennylane	Cleavr publicly highlights integrations with Stripe and Pennylane, and angel participation includes executives linked to finance software ecosystems, which may help product distribution even if commercial terms are not disclosed [Cleavr] [Cleavr, March 2026]
AI-led recovery network	Cleavr turns reminder performance, debtor behavior data, and channel orchestration into a learning advantage that improves collection outcomes across the base	Demonstrable gains from AI calls, conversational workflows, and debtor memory across accounts	The product claims include conversational AI, AI Calls, debtor memory, and mutualized learning, while public coverage says the platform already handles several billion euros of invoices annually, which would create a meaningful training surface if sustained [tech.eu, October 2026] [LinkedIn, retrieved 2026]

The scenarios point to the same compounding logic. Each new customer adds workflow volume, payment behavior data, dispute patterns, and integration experience that can make onboarding faster and outreach sequencing more effective for the next customer. Cleavr's public materials explicitly emphasize multi-channel reminders, debtor history, AI-generated connectors, and learning from prior reminders, all of which describe a product that can improve through repetition if the underlying models and rules are well tuned [Cleavr, Unknown] [LinkedIn, retrieved 2026].

There is also a distribution flywheel available if the integrations hold. A collections product that is live quickly, plugs into systems finance teams already use, and proves cash impact can expand from reminders into reconciliation, reporting, legal monitoring, and eventually broader cash operations. Cleavr already presents itself as covering the journey from the day after invoice issuance through pre-litigation, with a debtor portal and reconciliation in the same product surface [Cleavr, Unknown] [LinkedIn, retrieved 2026]. That breadth matters because it creates more reasons to stay embedded once the product is installed, even before one assumes any formal network effect.

The size of the win is difficult to anchor precisely because no external market sizing was provided in the source set, but there is still a plausible upside frame. If Cleavr were to become a leading European AR automation platform with durable cross-border distribution, meaningful embedded integrations, and software-like retention, the end state could resemble a scaled vertical-finance infrastructure company rather than a point solution. Public sources confirm €9 million in total disclosed funding across its pre-seed and seed rounds, and more than 100 customers by October 2026, which is enough to establish an early base but far from maturity [Cleavr, March 2026] [Vestbee, October 2026] [Tech Funding News, October 2026]. On that path, a multibillion-euro outcome is conceivable (scenario, not a forecast), especially if Cleavr becomes the system of action for receivables across multiple European markets rather than a France-first software vendor. That upside case rests less on raw company count and more on owning a workflow tied directly to working capital.

Unconfirmed -- This section uses a mix of independently reported funding and customer-count data from JDN, Tech Funding News, Finyear, tech.eu, and Vestbee, but several material premises about product breadth, AI learning effects, and outcome metrics rely on company materials or LinkedIn posts rather than independent verification.

Sources

From the public record

1. [Cleavr, March 2026] Cleavr raises €1M to automate accounts receivable | Cleavr | https://www.cleavr.fr/en/blog/cleavr-raises-1m-euros

2. [Tech Funding News, October 2026] Cleavr raises €8M seed from Varsity to automate Europe’s late invoice collection | https://techfundingnews.com/cleavr-raises-8m-seed-varsity-ai-invoice-collection/

3. [Vestbee, October 2026] Cleavr raises €8M to scale AI-powered invoice collection | https://www.vestbee.com/insights/articles/cleavr-raises-8-m

4. [FinTech Global, October 2026] Cleavr raises €8m to tackle late payments in Europe | https://fintech.global/2026/10/06/cleavr-raises-e8m-to-tackle-late-payments-in-europe/

5. [The Paypers, October 2026] Cleavr raises EUR 8 mln for AI collections | https://thepaypers.com/fintech/news/cleavr-raises-eur-8-million-seed-round-for-ai-invoice-collection

6. [tech.eu, October 2026] Cleavr bags €8M to scale AI-powered invoice collection across Europe | https://tech.eu/2026/10/06/cleavr-bags-eur8m-to-scale-ai-powered-invoice-collection-across-europe/

7. [JDN, March 2026] Cleavr lève près d'un million d'euros pour lutter contre les retards de paiement | https://www.journaldunet.com/fintech/1548829-cleavr-leve-pres-d-un-million-deuros-pour-lutter-contre-les-retards-de-paiement/

8. [Finyear, March 2026] Cleavr lève 1 million d’euros pour automatiser le cycle d’encaissement par l’IA | https://finyear.com/cleavr-leve-1-million-deuros-pour-automatiser-le-cycle-dencaissement-par-lia

9. [LinkedIn, retrieved 2026] Baptiste Nassoy - Cleavr - Stop chasing payments. We do it ... | https://fr.linkedin.com/in/baptiste-nassoy