Chaser Technologies

Chaser Technologies provides an all-in-one accounts receivable automation platform tailored for small and medium-sized enterprises (SMEs). The company's core business revolves around helping clients manage and expedite the collection of outstanding invoices, thereby improving cash flow. Its business model is subscription-based, with tiered pricing corresponding to invoice volume, and supplemented by optional services like credit checks and outsourced collections. Chaser primarily serves mid-market companies and the accounting firms that support them.

The company was founded in London in 2013 by David Tuck, who launched the product in 2014. Tuck, a chartered accountant, was inspired to create Chaser after his experiences as a finance director for several startups, where he grew frustrated with the inefficiencies of manually chasing late payments. He envisioned a software solution that could automate and streamline the credit control process. Since its inception, Chaser has raised approximately $4.79 million in funding over several rounds, with key investors including Fuel Ventures, Sussex Place Ventures, and Beacon Capital.

The platform offers a comprehensive suite of features designed to automate the entire credit control workflow. This includes sending personalized, automated payment reminders via email, SMS, and auto-calls. In 2023, the company introduced AI-driven tools, such as recommended chasing times and payer ratings, which analyze customer payment behavior to optimize collection strategies. A key component is the integrated Payment Portal, launched in 2021, which allows a client's customers to view and pay multiple invoices in one transaction. Initially an add-on for Xero, Chaser launched an open API in 2023, enabling integration with any accounting, ERP, or CRM system.

Under the leadership of CEO Sonia Dorais, who was appointed in 2021, Chaser has seen significant growth. Dorais has nearly two decades of experience in fintech, focusing on digital finance transformation and accounts receivable automation. Her strategic direction led to a 103% rise in company sales in her first year. The current executive team also includes CTO Pedro Sampaio, who joined in 2016 and has been instrumental in shaping the company's technology roadmap. Milestones include reaching $10 billion in chased payments by 2022 and helping users collect over $9.3 billion in 2024 alone.

Keywords: accounts receivable automation, credit control software, invoice chasing, cash flow management, SME finance, fintech, B2B payments, payment reminders, collections management, David Tuck, Sonia Dorais, Chaserhq, payment portal, debt collection, DSO reduction, Xero integration, automated collections, financial software, receivables management, credit management, late payment solutions, invoice financing