Receeve’s USD 13.5 Million Financing Round

Osborne Clarke advised Receeve on the deal. Poellath advised Seaya Ventures and Mangrove Capital Partners.

Receeve on its USD 7 million financing round. Investors include Seaya Ventures and 14W as well as the old investors Mangrove, Speedinvest and Seedcamp. They increased their seed funding to $13.5M with venture capital funds Seaya Ventures and 14W.

The FinTech was founded in 2019 by Paul Jozefak and Michael Backes and sees itself as a “digital debt servicing platform”. At the beginning of 2020, EUR 4 million flowed into the start-up.

The company offers a cloud-native platform that enables in-house collections and recovery teams to take a no-code, digital-?rst approach to resolving overdue claims while supporting customer control and experience. From self-service to intelligent assignment of NPLs, the platform’s seamless experience is built on an innovative foundation of technology and behavioral science. In-house teams are empowered by the no-code platform to quickly and easily automate processes and apply insights for maximum recovery across the entire credit management value chain – from collections to portfolio assignment or sale. re:ceeve targets industries providing financing and subscription services (e.g. banks, alternative lenders, utilities and telcos) and helps them digitalize and automate their in-house collections processes end-to-end.

The Osborne Clarke team that advised Receeve consisted of Nicolas Gabrysch (Picture – Lead, Corporate / VC) and Sonja Riedemann (Employment Law).

The Poellath team included Christian Toenies, Dr. Sebastian Gerlinger and Markus Döllner.

Involved fees earner: Nicolas Gabrysch – Osborne Clarke; Sonja Riedemann – Osborne Clarke; Markus Döllner – P+P Pöllath + Partners; Sebastian Gerlinger – P+P Pöllath + Partners; Christian Tönies – P+P Pöllath + Partners;

Law Firms: Osborne Clarke; P+P Pöllath + Partners;

Clients: Mangrove Capital Partners ; Receeve; Seaya Ventures;

Author: Federica Tiefenthaler