Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO

Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO

2 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/12/07/receeve-a-debt-recovery-and-collection-platform-takes-total-funding-to-16m-with-abn-amro/

Banking is undergoing a huge transformation and how debt collections operations engage customers is becoming a big issue, especially with things like BNPL schemes. Hundreds of billions of dollars have been invested in the last few years digitalizing financial and other services, but debt collections operations remain very manual and archaic resulting in frustration for customers and lost money for service providers. Banks are having to deal with this change and fintech startups are appearing to deal with it.

Back in May this year, Receeve, a no-code SaaS startup that makes it easier for companies to collect and recover debts (such as overdue claims) increased their seed funding to $13.5M with venture capital funds Seaya Ventures and 14W. Existing backers, Mangrove, Speedinvest, and Seedcamp participated in the expansion round – bringing re:ceeve’s total war chest to more than $12M.