Cleavr Secures €8M Funding to Accelerate AI-Powered Accounts Receivable Automation Across Europe

French fintech Cleavr has secured €8 million in a new funding round to scale its AI-driven accounts receivable platform across Europe, addressing the critical issue of late payments that triggers nearly a quarter of business failures. For fintech professionals, this highlights a rapid shift toward autonomous "AI collaborators" capable of managing multi-billion euro invoice volumes with minimal human intervention.

What was announced

Cleavr announced an €8 million financing round led by Varsity, with participation from Kima Ventures, Better Angle, 100IN, Portfolio Ventures, Kerala Ventures, Financière Saint James, Station F, and Clover. The round also included business angels from high-profile tech firms such as Datadog and Convelio. This capital injection is earmarked for accelerating growth across the European market, specifically through the expansion of sales teams and continued product development.

Launched only seven months ago, Cleavr has already expanded its operations beyond France into Spain, Germany, Belgium, Italy, and the United Kingdom. The platform currently processes several billion euros in invoices annually for over 100 clients across diverse sectors, including logistics, transport, manufacturing, construction (BTP), and technology. The company reports a 0% churn rate since its inception.

The core product functions as an AI member of a finance team. Upon the issuance of an invoice, the AI identifies the correct stakeholders, manages reminders via email and SMS, tracks payment promises, and flags disputes for human intervention. According to the company, early results show that clients reduce their Days Sales Outstanding (DSO) by an average of 37% and collect 40% more cash. Furthermore, finance teams have recovered approximately 80% of the time previously dedicated to manual payment follow-ups. The system is designed for rapid integration, deploying with any ERP within 24 hours without activation fees or annual commitment requirements.

"Le recouvrement est une tâche répétitive que personne n'a envie de faire. En la confiant à Cleavr, les équipes finance se concentrent enfin sur ce qui crée de la valeur"

Baptiste Nassoy, cofondateur et CEO de Cleavr.

The companies involved

Cleavr is a French fintech startup founded by Baptiste Nassoy and his team with the specific goal of eliminating payment delays in Europe. The company positions itself as a "SaaS 2.0" provider, moving away from rigid software structures toward AI that adapts to existing organizational processes and ERP systems. To support its current trajectory, the company is recruiting 20 additional staff members across sales, product, and technical roles.

The funding round is supported by a broad consortium of venture capital firms. Varsity led the investment, joined by Kima Ventures, an active early-stage investor. Portfolio Ventures and 100IN also participated, bringing their experience in scaling high-growth tech startups. Clover, which has previously been noted for its commerce and merchant solutions, is also part of the cap table. Other institutional backers include Kerala Ventures, Better Angle, and Financière Saint James. The involvement of Station F, the world's largest startup campus, and angels from Datadog suggests a strong vote of confidence from the established European and global tech ecosystem in Cleavr’s approach to automating the CFO stack.

What FF News has reported before

FF News has closely tracked the rise of "agentic" and AI-driven platforms designed to automate complex financial workflows. We recently covered how Outline Secures $3M to Launch First Agentic Financial Planning Platform for Mid-Market CFOs, signaling a broader trend of AI moving from simple chatbots to proactive financial collaborators. In the merchant and payment space, we reported on how TD Bank Group Launches Clover Commerce Platform to Transform Canadian Merchant Solutions, highlighting the ongoing evolution of the Clover ecosystem. Additionally, our coverage of automation in the regulatory space, such as when Kalipso Secures $3.2M to Automate DORA and MiCAR Compliance for Financial Institutions, and in the insurance sector with Nettle Secures $4.8M Seed Round to Revolutionize Insurance Loss Control with AI, underscores the industry-wide transition toward AI-first operations.

What this means

The rapid expansion of Cleavr across six European markets in just seven months indicates that the "SaaS 1.0" model—where companies must adapt their workflows to fit their software—is becoming obsolete. By offering a no-commitment, 24-hour deployment model, Cleavr is placing significant pressure on legacy ERP providers and traditional debt collection agencies that rely on manual processes. The industry is moving toward a reality where the "back office" is no longer a cost center of human labor, but an automated engine. This announcement suggests that for the modern CFO, the priority has shifted from simply recording data to deploying autonomous agents that actively protect cash flow and liquidity.