Recovr

The company's platform is designed for small and medium-sized enterprises (SMEs) and mid-market companies. It simplifies invoice tracking and automates tasks such as reminders and dispute management. The software centralizes credit management information, covering the entire debt collection process from payment reconciliation to handling complex cases. Key features include automated and personalized follow-up plans, an AI agent for automated phone reminders, dispute management, and analytics and reporting dashboards that track metrics like Days Sales Outstanding (DSO) and aging balances. The platform also offers a client payment portal with online payment options and provides access to a network of legal partners, such as lawyers and bailiffs, for more complex recovery cases.

Recovr operates on a subscription-based business model with tiered plans (Basic, Standard, Premium) that cater to different business needs and user counts. Since 2022, the company has repositioned its strategy to focus on companies with high invoice volumes, leading to an eightfold increase in recurring revenues. A partnership with Cipal Schaubroeck resulted in a white-label solution for several Belgian municipalities. In November 2024, Recovr announced it had raised €1.1 million in a funding round led by FINANCE & INVEST BRUSSELS, with participation from BEANGELS, LESTUD networks, and Alessandro Mazzocchetti, the CFO of ODOO. This funding is intended to support its expansion into the French market. As of 2024, the company supports over 1,000 users in Belgium, France, and Luxembourg and reported that its platform had helped clients recover over €1 billion.