Paris-based Cleavr, an AI collaborator capable of assisting finance teams across the entire collection cycle, has raised €1 million to accelerate deployment in France and prepare for European expansion starting in 2026.
The round was supported by investments from Kima Ventures, Better Angle, Raphaël Nahum (CFO of Pennylane), Régis Samuel (CEO of MyUnisoft), and Olivier Brourhant (CEO of Mantu).
“Our ambition is simple: to give every company the collection rigor of a large finance department. By taking charge of 80% of tasks – reminders, reconciliation (lettrage), dispute management … our AI guarantees the follow-up of 100% of invoices and frees up teams to focus on complex cases with high added value,” says Baptiste Nassoy, CEO and co-founder of Cleavr.
Cleavr’s raise positions it within a broader wave of European investment into finance operations and cash-flow tooling.
Comparable rounds include Paraglide in Malmö, which secured €4.2 million to develop AI agents for accounts receivable, and Frankfurt-based Donnerstag.ai, which raised €4.3 million to expand across the DACH region.
In adjacent segments, Mimo raised €7.7 million to build out B2B payments and cash-flow management infrastructure, while Milan-based Sibill secured €12 million for its SME-focused finance platform.
Notably, in the same city as Cleavr, Pennylane raised €175 million to scale its accounting and financial management platform, highlighting significant capital concentration in Paris.
Altogether, these rounds represent approximately €203.2 million in funding across the sector, indicating that Cleavr’s raise is comparatively modest but aligned with a growing focus on automating receivables, invoicing, and broader finance workflows through AI.
“Cleavr’s approach is unique because it doesn’t just send reminders, it resolves the collection issue thanks to a truly collaborative AI. I chose to invest because the team succeeded where traditional tools fail: making collection simple, intelligent, and accessible to all companies, without mobilising a dedicated team. Cleavr is the missing piece to fully digitise the accounts receivable of European companies,” adds Raphaël Nahum, CFO of Pennylane.
Founded in 2025, Cleavr is an AI coworker that collects cash automatically. Connected to the company’s ERP, their AI manages everything autonomously: from Day 1 post-invoicing to payment receipt. This includes follow-ups, AI calls, replies, identifying the right contacts, payment matching, credit notes, disputes and legal collections.
The AI reportedly identifies overdue invoices, engages in dialogue with debtors, answers their questions, and processes payment promises. Thanks to its continuous learning, it adapts the timing and the reminder channel to each client, and knows when to transfer a file to a human collaborator.
According to the OpinionWay study for GoCardless, 94% of companies report losing money every month due to unpaid invoices, and 65% of business leaders anticipate a worsening of the situation in 2026.
As per Cleavr, traditional tools automate on average only 20% of the collection process: rigid reminder scenarios, without the capacity for dialogue.
Cleavr’s AI allegedly addresses this by managing multi-channel reminders (email, call, SMS), identifies the right interlocutors (accounting, N+1, CFO), processes payment promises, handles reconciliation, and intelligently escalates to legal recovery when necessary.
On average, Cleavr’s clients see a 37% reduction in their DSO within the first few weeks of use.
Thanks to this funding round, Cleavr intends to accelerate its development to meet the cash flow challenges of European companies. The startup is already preparing its internationalisation strategy with a deployment goal across all of Europe starting in 2026.
Read the orginal article: https://www.eu-startups.com/2026/03/french-startup-cleavr-raises-e1-million-to-automate-accounts-receivable-workflows-with-ai/
