Receeve raised €4 million in seed funding from Mangrove Capital Partners and Speedinvest

Receeve, a Hamburg, Germany-based SAAS developer of a B2B debt collection platform, announced that it secured seed funding of €4 million ($4.4M).

The money was raised from investors including Mangrove Capital Partners and Speedinvest.

Receeve, founded in 2019 by CEO Paul Jozefak and Michael Backes, developed a software solution that provides access to a digital debt servicing platform and aiming to replace outdated processes from the industry. The debt collection tool integrates with the customer service strategy, allowing for digital communication via multiple devices, ultimately minimizing the churn.

Receeve previously raised €1 million from Seedcamp and angel investors.