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| less than a minute read

Kolleno raises £4m in Seed funding

London based accounts receivable management for SMEs raised £4m in seed funding led by Eurazeo and Stride.VC.

“Previously, businesses had to hire credit control specialists or give extra tasks to existing members of their team to manually monitor the payment dynamics of customers. An employee had to identify late payers, then prioritize, contact and follow up with individual clients to ensure late payments were received. This was not only time-consuming but also stressful for business owners and often prone to errors.”

Tags

accounts receivable, smes, credit control, collections