Founded in 2018, Recovr is a Fintech offering a SaaS solution for account receivables management. Designed for SMEs and mid-market companies, the platform simplifies payment tracking and automates critical tasks, such as reminders and dispute management. The tool stands out for its connectivity with strategic partners, including lawyers and bailiffs, enabling integrated account management.
Since 2022, Recovr has implemented a repositioning strategy to meet the needs of companies with high invoice volumes. This shift has resulted in significant growth, with recurring revenues multiplying eightfold and average customer spending increasing. A key driver of this success is a strategic partnership with Cipal Schaubroeck, which enabled the deployment of a white-label solution for several Belgian municipalities, demonstrating the adaptability of the platform across various contexts.
Today, Recovr supports over 1,000 users across businesses in Belgium, France, and Luxembourg. These users benefit from a tool designed to reduce payment delays and optimize account management processes.
Recovr recently announced it has raised €1.1 million in a funding round led by FINANCE & INVEST BRUSSELS, with participation from BEANGELS and LESTUD networks, as well as Alessandro Mazzocchetti, CFO of ODOO. This funding will support its expansion in the French market, strengthening its foundation for long-term European growth.
