Chaser Company Profile

Background

Overview

Chaser is a London-based fintech company specializing in automating accounts receivable processes to help businesses receive timely payments and improve cash flow management. Established in 2013, Chaser has developed a comprehensive platform that streamlines the debt-chasing process, reducing manual tasks and enhancing financial efficiency.

Mission and Vision

Chaser's mission is to assist organizations worldwide in receiving payments efficiently and courteously, thereby improving cash flow. The company envisions a future where businesses can manage their receivables seamlessly, fostering trust and positive relationships with their clients.

Industry Significance

In an era where late payments can significantly impact business operations, Chaser addresses a critical need by providing solutions that automate and humanize the process of chasing unpaid invoices. By doing so, Chaser contributes to the financial health of businesses, enabling them to focus on growth and innovation.

Key Strategic Focus

Core Objectives

Chaser aims to simplify and automate the accounts receivable process, reducing the time businesses spend on manual tasks and improving the speed at which they receive payments. The company focuses on enhancing cash flow management and fostering positive client relationships through efficient debt-chasing solutions.

Areas of Specialization

Chaser specializes in credit control and accounts receivable automation, offering features such as automated payment reminders, debtor tracking, and integration with various accounting systems. The platform supports multi-channel communication, including email, SMS, and automated calls, to ensure timely follow-ups with clients.

Key Technologies Utilized

The company leverages cutting-edge SaaS technology to provide a streamlined approach for businesses to manage their finances effectively. Recent innovations include AI-driven tools that predict late payments, optimize follow-up times, and offer insights into customer payment behavior.

Primary Markets Targeted

Chaser primarily targets small and medium-sized enterprises (SMEs) across various industries, including manufacturing, business services, media, internet, broadcasting, and retail. The platform is designed to integrate seamlessly with popular accounting systems, making it accessible to a broad range of businesses seeking to improve their accounts receivable processes.

Financials and Funding

Funding History

Chaser has undergone several funding rounds to support its growth and technological advancements. In November 2019, the company raised a venture funding round led by Fuel Ventures. The total funding amount remains undisclosed.

Recent Funding Rounds

The most recent funding round occurred in November 2019, with Fuel Ventures leading the investment. Specific details regarding the amount raised and the valuation at that time are not publicly disclosed.

Notable Investors

Fuel Ventures, a venture capital firm, is the lead investor in Chaser's most recent funding round. Further information about other investors is not publicly available.

Utilization of Capital

The capital raised has been utilized to enhance Chaser's technological capabilities, expand its product offerings, and support its growth initiatives. This includes the development of AI-driven features and integrations with various accounting systems to broaden the platform's accessibility and functionality.

Pipeline Development

Key Pipeline Candidates

Chaser's pipeline includes the continuous development of AI-driven features aimed at improving the accounts receivable process. These features focus on predicting late payments, optimizing follow-up times, and providing insights into customer payment behavior.

Stages of Development

The AI-driven features are in the development and testing stages, with some functionalities already integrated into the platform. Chaser continues to refine these features to enhance their effectiveness and user experience.

Target Conditions

The primary focus is on improving cash flow management for businesses by reducing late payments and streamlining the accounts receivable process. The AI features aim to address common challenges in credit control, such as predicting late payments and optimizing follow-up strategies.

Anticipated Milestones

Chaser anticipates the full deployment of its AI-driven features in the near future, aiming to provide businesses with more proactive and efficient tools for managing their receivables. Specific timelines for these milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Chaser's platform integrates with various accounting systems, including Xero, Sage, and QuickBooks, to automate the accounts receivable process. The company has developed AI-driven tools that predict late payments, optimize follow-up times, and provide insights into customer payment behavior.

Significant Scientific Methods

The platform employs machine learning algorithms to analyze payment patterns and predict late payments. This data-driven approach enables businesses to take proactive measures in managing their receivables.

Leadership Team

Executive Profiles

Sonia Dorais: CEO with nearly 20 years of experience in fintech, leading the growth of various companies specializing in the digitization and automation of finance and accounting tasks.

Pedro Sampaio: CTO with a background in consulting for telecommunications and finance projects, passionate about building user-friendly products that simplify complex processes.

Amaya Woods: Head of Marketing with over six years in B2B tech marketing, focused on driving company growth through strategic marketing initiatives.

Charlotte Gill: Head of Product with experience in product management across various B2B products, dedicated to enhancing user experience and product functionality.

Krissie Chapleo: Head of Success and Partnerships with seven years in tech startups, committed to delivering excellent customer service and fostering positive partnerships.

Competitor Profile

Market Insights and Dynamics

The accounts receivable automation market is growing as businesses seek efficient solutions to manage cash flow and reduce late payments. Companies like CallPage and Binotel GetCall offer similar services, contributing to a competitive landscape.

Competitor Analysis

CallPage: A competitor in the click-to-call software market, offering services that enable businesses to connect with website visitors in real-time.

Binotel GetCall: Provides callback services for websites, allowing businesses to engage with potential customers through immediate communication.

Strategic Collaborations and Partnerships

Chaser has integrated with various accounting systems, including Xero, Sage, and QuickBooks, to enhance its platform's functionality and reach. These partnerships enable seamless data synchronization and broaden Chaser's user base.

Operational Insights

Chaser differentiates itself by offering a comprehensive, automated solution for accounts receivable management, integrating AI-driven features and multi-channel communication to improve payment collection efficiency. This holistic approach sets it apart from competitors that may focus on narrower aspects of the receivables process.

Strategic Opportunities and Future Directions

Chaser plans to continue expanding its AI capabilities, integrating with additional accounting systems, and exploring new features that further automate and optimize the accounts receivable process. By leveraging its technological innovations and strategic partnerships, Chaser aims to solidify its position as a leader in the accounts receivable automation market.