French Fintech Cleavr Raises €8M to Scale AI Invoice Collection

French fintech Cleavr has secured €8 million in seed funding led by Varsity to expand its AI-powered accounts receivable automation platform across Europe. The funding will support the company's growth in automating invoice collection for European businesses.

Byte's take

AI-powered invoice chasing is the unglamorous frontier where European fintechs are actually winning. Cleavr's €8M raise signals investor appetite for automation tools that solve real cash-flow problems across EU SMEs, carving out territory against US incumbents.