Recovr
Helps SMEs to become as efficient as the top-notch multinational in terms of credit management and debt collection, reducing their costs.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | €1.1m | Seed | |
| Total Funding | 000k | ||
| USD | 2019 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Recovr is a cloud-based software designed to address the issue of late payments for small and medium-sized enterprises (SMEs). The platform automates the process of following up on unpaid invoices, which allows businesses to accelerate their payment collection and secure their cash flow.
By using Recovr, companies can reduce the time spent on manual invoice tracking and reminders. The system sends personalized reminders to clients and provides a centralized dashboard to monitor the status of all outstanding invoices. This automation has been shown to help businesses get paid 30% to 50% faster and reduce the time dedicated to payment follow-up by as much as 85%.
The company's primary market is in Belgium, with plans for expansion into other European countries. Recovr operates on a subscription-based model, offering a ready-to-use solution for automating the management of outstanding invoices. The service is positioned as a partner for SMEs to improve their financial health by ensuring timely payments without the need for a commission-based collection agency.
Keywords: accounts receivable, invoice management, payment reminders, cash flow, debt collection, SMEs, B2B, SaaS, fintech, credit management