Receeve Company Profile

Background

Founded in 2019 and headquartered in Hamburg, Germany, Receeve is a fintech company specializing in digital debt collection solutions. The company's mission is to transform the debt management industry by leveraging artificial intelligence (AI) and automation to enhance efficiency, transparency, and customer-centricity in debt recovery processes.

Key Strategic Focus

Receeve's strategic focus centers on:

AI-Driven Debt Collection: Utilizing AI to automate and personalize debt collection strategies, thereby improving recovery rates and customer engagement.

Comprehensive Debt Management: Offering an end-to-end platform that addresses the entire debt lifecycle, from pre-delinquency to resolution.

Customer-Centric Approach: Enhancing customer experiences through personalized communication and self-service options, aiming to reduce churn and foster loyalty.

Financials and Funding

Receeve has secured significant funding to support its growth and innovation:

Seed Funding: In February 2020, the company raised €4 million in a seed round led by Mangrove Capital Partners and Speedinvest.

Seed Round Extension: In December 2021, Receeve extended its seed round by $9.1 million, bringing the total to $13.5 million. This extension included investments from Seaya Ventures and 14W.

The capital has been utilized to enhance the platform's AI capabilities, expand market reach, and strengthen customer support services.

Technological Platform and Innovation

Receeve's platform is distinguished by several proprietary technologies and methodologies:

AI-Powered Automation: Implements machine learning algorithms to optimize debt collection strategies and automate workflows.

Data Analytics: Provides real-time insights and predictive analytics to inform decision-making and improve recovery rates.

Personalized Communication: Utilizes behavioral scoring to tailor communication strategies, enhancing customer engagement and satisfaction.

Leadership Team

Receeve's leadership comprises experienced professionals:

Paul Jozefak, CEO: Co-founder with over 20 years in technology, leading the company's vision and strategic direction.

Michael Backes, CTO: Co-founder with extensive experience in automation and machine learning, overseeing the technological development of the platform.

Competitor Profile

Market Insights and Dynamics

The debt collection industry is undergoing a digital transformation, with increasing demand for automated and customer-friendly solutions. The market is characterized by a shift from traditional, manual processes to AI-driven platforms that offer scalability and improved customer experiences.

Competitor Analysis

Key competitors in the digital debt collection space include:

Invoiced: A cloud-based system automating accounts receivable processes, offering customizable solutions for small and mid-sized businesses.

Tesorio: Provides AI-powered accounts receivable automation tools, including intelligent workflows and payment predictions.

Upflow: Offers a SaaS solution for managing accounts receivables and improving cash collection through detailed analytics and systematic workflows.

Strategic Collaborations and Partnerships

Receeve has established partnerships with various investors and clients to strengthen its market position and innovation capacity. Notable investors include Mangrove Capital Partners, Speedinvest, Seedcamp, Seaya Ventures, and 14W.