# Cleavr

Aiolum story: https://aiolum.com/story/cleavr/ · added 2026-11-05 · updated 2026-11-06

**In short.** Cleavr (AI platform that chases late B2B invoices, France): US$1.12M ARR reported by MilestoneWins, October 2026. Evidence grade D: reported, not verified. Team: 3 co-founders in 2025; headcount not published; plan to hire 20 people after the seed round of October 2026. Launched March 2026; still running.

AI platform that chases late B2B invoices · France · AI-native · team of 2 to 10 · still running · group: Finance, risk and compliance

- Outcome: US$1.12M ARR reported by MilestoneWins, October 2026 (evidence grade of the headline number: D; headline in US dollars: 1120000)
- Launch: March 2026; months from launch to the outcome: 7
- Team: 3 co-founders in 2025; headcount not published; plan to hire 20 people after the seed round of October 2026
- Outside funding: €1M pre-seed (March 2026) and €8M seed led by Varsity (October 2026), as announced by Cleavr
- Main factor: Integration
- Meters, 1 to 4: evidence strength 1, copyable pattern 1, capital needed 3
- Tags: AI-native, Small team, Funded, Running, B2B, Fintech

Links:

- Visit cleavr.fr: https://www.cleavr.fr/

**The product.** Software that takes over the follow-up of unpaid invoices for B2B companies. It reads invoices and payments from the customer's accounting or ERP system, sends reminders by email, SMS, phone and WhatsApp, reads the replies with AI, makes automated phone calls, offers payment plans, reconciles payments and passes blocked cases to partner bailiffs and lawyers.

**Why it worked.** Chasing late invoices is repetitive work that finance teams do by hand in spreadsheets and email. Cleavr connects to tools that companies already use, such as Pennylane, Stripe and SAP, so a customer can start without a migration, and the company says setup takes under a day.

Evidence grades: A = disclosed by a public company, a filing or a payment processor, or verified by one; B = two or more independent reports agree, or a journalist confirmed it; C = a founder claim that no one else verified; D = reported, not verified: one founder claim or a third-party estimate with no second source; E = no revenue figure found, so the headline is a non-money fact and the other facts carry their own grades; calc = computed on this page from graded facts.

## Summary

Cleavr is a French company that sells accounts receivable automation. Accounts receivable is the money that customers owe a company for invoices already sent. Cleavr connects to the customer's ERP, the enterprise resource planning system where invoices are kept, sends reminders through several channels, and uses AI to read each reply and decide the next step: wait for a promised payment, pause for a dispute, call, or escalate. The company describes it as an "AI coworker" for finance teams.

Baptiste Nassoy, a former analyst at the venture fund Kima Ventures, started it in 2025 with Arthur Guerin and Antoine Grenard, according to MilestoneWins. The French company register shows Cleavr SAS created on 18 July 2025. On 6 October 2026 the company wrote that it had launched seven months earlier, had more than 100 customers and had raised €8 million in a seed round led by Varsity, after a €1 million pre-seed round announced in March 2026.

The headline figure, US$1.12 million in ARR (annual recurring revenue, the yearly value of current subscriptions), was shown by the directory MilestoneWins on a page dated 14 October 2026 and labelled "Founder-reported". The page links to Cleavr's home page as its source, and that page does not show the figure. It is grade D: reported, not verified. Cleavr itself has not published a revenue figure.

## Pricing

Cleavr prices in November 2026, from the company's FAQ (grade C): no public price list

| Plan | Per month, billed yearly (US$) | Per month, billed monthly (US$) | Limit |
|---|---|---|---|
| Subscription, custom quote |  |  | priced by company size and receivables volume; no commission on collected amounts |

The FAQ says Cleavr is a subscription with no commitment, priced by the customer's revenue, company size and receivables volume, and that a customer must ask the sales team for a quote. It says there are no setup fees, no hidden fees up to the pre-legal stage, no commission on collected amounts and no charge for native integrations.

## How much revenue does Cleavr make? The numbers, graded

A three-founder company from 2025 with a reported US$1.12 million ARR seven months after launch and €9 million raised; the revenue figure rests on one directory page

| Fact | Value | Grade | Note | Sources |
|---|---|---|---|---|
| Annual recurring revenue, October 2026 | US$1.12 million | D | MilestoneWins launch page dated 14 October 2026, labelled "Founder-reported". The page is unclaimed (it offers "Claim this page"), its "Verified" badge is hidden, and its source link goes to Cleavr's home page, which does not state the figure. The figure itself carries no date. | [1, 2] |
| Company registered | 18 July 2025, Cleavr SAS, SIREN 989 360 615 | A | French company register (Sirene, through the government search API). Main activity code 62.01Z, software development. Three officers are listed. Headcount bracket not published ("NN"). | [5] |
| Founders | Baptiste Nassoy (CEO), Arthur Guerin, Antoine Grenard | C | MilestoneWins names the three and says they teamed up in 2025. Cleavr's own announcement names Baptiste Nassoy as co-founder and CEO. | [2, 3] |
| Launch | about March 2026 | calc | Calculated: the announcement of 6 October 2026 says "Seven months ago, we launched Cleavr". The pre-seed post is dated 19 March 2026 and already names customers. | [3, 4] |
| Customers, October 2026 | more than 100 companies, none lost | C | Cleavr's announcement of 6 October 2026. | [3] |
| Customers, November 2026 | more than 150 companies | C | Cleavr's machine-readable site guide says the customers page publishes this figure. The site footer says "Hundreds of companies". | [6] |
| Pre-seed round, March 2026 | €1 million | C | Cleavr's blog, 19 March 2026, with Kima Ventures and other funds and business angels. | [4] |
| Seed round, October 2026 | €8 million, led by Varsity | C | Cleavr's blog, 6 October 2026. The careers page says €9M raised in total. | [3, 9] |
| Hiring plan | 20 people in the coming months | C | Cleavr's announcement of 6 October 2026, in sales, product and tech. The careers page lists three open roles in Paris. | [3, 9] |
| Invoices processed | several billion euros a year | C | Cleavr's announcement. This is the value of customers' invoices, not Cleavr's revenue. | [3] |
| Countries | France, Spain, Germany, Belgium, Italy, United Kingdom | C | Cleavr's announcement of 6 October 2026. | [3] |
| Price | custom quote, subscription | C | Cleavr's FAQ. No public price list. | [7] |
| Time from launch to the reported figure | 7 months | calc | Calculated: March 2026 to October 2026. | [1, 3] |

How to read this table: grade D is a figure reported by one third party with no second source. Grade C is the company's own statement. Grade A is an official register. A "calc" value was computed on this page. No revenue figure is grade A, B or C.

## When did Cleavr launch, and how did it grow? Timeline

From a company registered in July 2025 to a seed round of €8 million in October 2026. Each entry carries its grade.

- **2025** (grade C [2]): Baptiste Nassoy leaves Kima Ventures and starts Cleavr with Arthur Guerin and Antoine Grenard.
- **18 July 2025** (grade A [5]): Cleavr SAS is registered in France.
- **19 March 2026** (grade C [4]): Cleavr announces a €1 million pre-seed round and names its first customers.
- **6 October 2026** (grade C [3]): Cleavr announces an €8 million seed round led by Varsity, more than 100 customers and a plan to hire 20 people.
- **14 October 2026** (grade D [1, 2]): MilestoneWins lists Cleavr with US$1.12 million ARR, labelled founder-reported.
- **November 2026** (grade C [6, 9]): The site says more than 150 companies use Cleavr and lists three open roles in Paris.

## Why did Cleavr work?

### Plug into the existing ERP

Cleavr reads invoices, contacts and payments from tools the customer already uses, such as Pennylane, Sellsy, SAP, NetSuite, Stripe and Qonto. Invoicing and accounting stay where they are, so a finance team can try it without changing systems.

### AI reads the replies

A reminder tool only sends messages. Cleavr says its AI also classifies each reply (payment promise, dispute, cash problem) and picks the next action, so the hard cases that used to need a person follow a rule.

### Registry data for each debtor

Each imported debtor is filled in from official company registries in more than 30 countries: legal identity, directors, headcount and insolvency status. Reminders stop on their own when a debtor enters liquidation.

### Venture money for speed

Cleavr raised a pre-seed and a seed round within seven months, as the company announced. It spends the money on sales teams and on launching in new European countries.

## How it was built

These details come from Cleavr's own pages. They are grade C.

- Reminders go out by email, SMS, phone with or without voicemail, and WhatsApp; the AI chooses the channel and the tone.
- Automated phone calls with a natural voice that can negotiate a payment plan and hand over to a person; each call becomes a transcript in the debtor's timeline.
- A debtor portal: every reminder carries a link where the debtor can pay, dispute or ask for a plan.
- Data enrichment from commercial registers, court clerks and company registries in more than 30 countries.
- Hosting on AWS in the EU, deployment on Vercel, email and SMS through Brevo, payments through Stripe, per the published sub-processor list; ISO 27001 certified.
- More than 20 native integrations with accounting tools, ERPs, payment providers and Slack, Microsoft Teams, Zapier, Make and n8n.

Sources: [6, 8, 7]

## Who tried this before Cleavr, and why did they fail?

Four companies in our database of failed startups promised to free the cash that businesses wait for, or to automate back-office finance work with software. The values below are from that database and are not independently verified.

The failed startups come from our database of dead startups, retold here in our own words; Its entries are AI-assisted summaries of public sources, so they carry no evidence grade.

### Greensill Capital (2011 to 2021; funding US$1.7B; cause: Unit Economics)

- Promise: Let suppliers get paid at once for invoices with 30 to 90 day terms.
- Why it died: It funded long-dated and even future receivables with short-term money; it collapsed when insurers withdrew.
- Record: 

### Kickpay (2015 to 2018; funding US$2M; cause: Competition)

- Promise: Instant cash for businesses from their invoices or inventory.
- Why it died: Larger platforms offered similar financing more cheaply, and it could not scale or raise more.
- Record: 

### Olive AI (2012 to 2023; funding US$852M; cause: Unit Economics)

- Promise: An AI workforce for hospital billing and claims work.
- Why it died: Sold as autonomous AI but delivered as labour-heavy custom automation, so each customer cost too much to serve.
- Record: 

### Plastiq (2012 to 2023; funding US$226M; cause: Unit Economics)

- Promise: Pay any business bill by card to extend cash flow.
- Why it died: Card fees and fraud losses were larger than the fee it could charge.
- Record: 

## What changed

Greensill, Kickpay and Plastiq tried to solve late payment with money: they paid suppliers early or let buyers pay later, and they carried the credit risk and the fee costs. Cleavr does not lend. It sells software that makes the debtor pay the original invoice sooner, so it has no balance sheet risk and, according to its FAQ, takes no commission on what it collects.

Olive AI promised an AI workforce before language models could read free text well, and filled the gap with costly custom work. Cleavr's core task, reading a debtor's email reply and choosing the next step, is the kind of text task that current language models do well. Whether Cleavr can serve many customers without the custom work that sank Olive is not yet shown in its sources.

## Can one person copy Cleavr now?

**Verdict: Not alone, and not without sales staff.**

Cleavr started with three founders and raised €9 million in seven months, by its own account, to hire sales teams across Europe. A solo founder could copy the core idea for one narrow market: AI that reads replies to payment reminders for users of one accounting tool. The full product, with phone calls, registries in 30 countries and partner bailiffs, needs a team.

1. Pick one accounting tool with many small-business users and connect to it first.
2. Automate the reply handling, not only the sending: classify promises, disputes and cash problems.
3. Price as a subscription, not a share of collected money, so the customer sees a fixed cost.
4. Publish case studies with the customer's own before-and-after numbers.

**What is still open.** Single-country or single-ERP versions for markets that Cleavr does not serve, and the same reply-reading idea for accounts payable, subscriptions or rent.

## What could go wrong for Cleavr?

- **What is not verified.** The US$1.12 million ARR rests on one source: a MilestoneWins directory page dated 14 October 2026 that says "Founder-reported". The page is unclaimed, its "Verified" badge is hidden, and its source link points to Cleavr's home page, which does not state the figure. Cleavr's own announcements give customer counts and funding but no revenue. A reader could look for a revenue figure in Cleavr's own posts, a press interview, or the company's accounts once they are filed in France.
- **Funded team that will grow.** Three co-founders started the company in 2025. The register does not publish a headcount. After the €8 million seed round Cleavr said it would hire 20 people, so the team is likely to pass 10 people soon.
- **Data on debtors and their contacts.** Cleavr fills each debtor's record from official registries (directors, headcount, legal status), says it rebuilds the debtor's organisation chart, and a case study credits "AI contact enrichment" with finding the right accounts payable person. The pages name official registries as the source of enrichment data and do not say where contact details beyond the customer's own ERP come from. The data is used for the customer's own reminders; the site does not offer it for sale.
- **AI phone calls.** The AI calls page says the call "introduces itself on behalf of your company" and is "not a robot"; it does not say whether the caller tells the debtor that it is an AI. Reminders also go out over WhatsApp and SMS.
- **Growth claims without dates.** The careers page shows "Monthly growth +75%" without saying what grows or over which months. Customer counts differ between pages: more than 100 (6 October 2026), more than 150 (customers page) and "hundreds" (footer).
- **Competition and model providers.** Cleavr sells to finance teams the step after invoicing, unlike Tailride (collects invoices and receipts for bookkeeping) and AngebotFIX (writes quotes and invoices) elsewhere on this site, and it competes with older collection software vendors. Its published sub-processor list names AWS, Vercel, Stripe, Brevo and Slack but no AI model provider, so which language and voice models it depends on is not stated.

## Sources

1. MilestoneWins: Cleavr launch page, #078, dated 14 October 2026 — https://milestonewins.com/launches/cleavr/ (grade D). Read in full on 5 November 2026. Source for the US$1.12M ARR card, the "Founder-reported" label, the hidden "Verified" badge and the source link to the home page.
2. MilestoneWins, 14 October 2026: How Cleavr hit $1.12M ARR: automating the job nobody wants to do — https://milestonewins.com/stories/cleavr-story/ (grade D). Read in full. A retelling of the company's announcement. Source for the three founders and their backgrounds; it states the ARR only in the title.
3. Cleavr blog, 6 October 2026: Cleavr raises €8M to become Europe's leader in AI-powered invoice collection — https://www.cleavr.fr/en/blog/cleavr-raises-eur8m-to-become-europes-leader-in-ai-powered-invoice-collection (grade C). Read in full. Source for the launch timing, the seed round, the customer count, the countries and the hiring plan.
4. Cleavr blog, 19 March 2026: Cleavr raises €1M to automate accounts receivable — https://www.cleavr.fr/en/blog/cleavr-raises-1m-euros (grade C). Read in full. Source for the pre-seed round and its date.
5. French company register (Sirene) via recherche-entreprises.api.gouv.fr: CLEAVR, SIREN 989360615 — https://recherche-entreprises.api.gouv.fr/search?q=989360615 (grade A). Read the JSON record. Source for the creation date, activity code, number of officers and the unpublished headcount bracket.
6. Cleavr: machine-readable site guide (llms-full.txt) — https://www.cleavr.fr/llms-full.txt (grade C). Read in full. Source for the product pages (reminders, AI calls, data enrichment, debtor portal), the case studies and the 150-customer figure.
7. Cleavr FAQ — https://www.cleavr.fr/en/faq (grade C). Read the sections on pricing and security. Source for the pricing model.
8. Cleavr security page — https://www.cleavr.fr/en/security (grade C). Read the sub-processor table. Source for AWS, Vercel, Stripe, Brevo and Slack.
9. Cleavr careers page — https://www.cleavr.fr/en/careers (grade C). Read in full. Source for the €9M total, the undated growth claim and the three open roles.
10. Cleavr about page — https://www.cleavr.fr/en/about (grade C). Read in full. Source for the company's own description of the product and its address in the footer.
11. Database of failed startups, local export — /method/#dead (grade C). Local export. AI-written summaries, not independently verified. Source for the failed predecessors.

Contact: aiolum@livyden.com. Run Cleavr? Send corrections or a verified figure to aiolum@livyden.com (subject: Correction: Cleavr).