Seed round in re:ceeve from Seaya Ventures and Mangrove.

20. May 2021

Hamburg, Germany — re:ceeve, the leading SaaS provi­der of a no-code coll­ec­tion plat­form solu­tion, has increased its seed funding to US$13.5 million with venture capi­tal funds Seaya Ventures and 14W. Exis­ting inves­tors such as Mangrove, Speed­in­vest and Seed­camp also parti­ci­pa­ted in the expan­sion round.

The company offers a cloud-native plat­form that enables inter­nal coll­ec­tions and reco­very teams to take a no-code, digi­­tal-first approach to resol­ving past-due accounts while support­ing custo­mer control and experience.

From self-service to intel­li­gent NPL allo­ca­tion, the platform’s seam­less expe­ri­ence is built on an inno­va­tive foun­da­tion of tech­no­logy and beha­vi­oral science. In-house teams are enab­led by the no-code plat­form to quickly and easily auto­mate proces­ses and leverage insights for maxi­mum reco­very across the credit manage­ment value chain — from coll­ec­tions to port­fo­lio allo­ca­tion or sales. re:ceeve targets compa­nies that provide finan­cing and subscrip­tion services (e.g. banks, alter­na­tive lenders, utili­ties, and tele­com compa­nies) and helps them digi­tize and auto­mate their inter­nal coll­ec­tion proces­ses end-to-end.

re:ceeve was foun­ded in 2019 by Paul Joze­fak and Michael Backes, seaso­ned entre­pre­neurs with exper­tise in the coll­ec­tions indus­try as well as expe­ri­ence in venture capi­tal, inno­va­tion labs and company buil­ding. The company laun­ched its product in Q4’19 and says it alre­ady proces­ses hundreds of thou­sands of claims monthly in 12 countries.

Advi­sors to Seaya Ventures and Mangrove Capi­tal Part­ners: POELLATH + Partners

- Chris­tian Tönies, LL.M. Eur. (Part­ner, M&A/VC, Munich/Berlin)
— Dr. Sebas­tian Gerlin­ger, LL.M. (Coun­sel, Lead Part­ner, M&A/VC, Munich/Berlin)
— Markus Döll­ner (Senior Asso­ciate, M&A/VC, Munich)

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