Receeve said to raise €4m in funding

Digital debt servicing platform Receeve has reportedly collected €4m in a funding round from Mangrove Capital Partners and Speedinvest.

The funding comes less than a year after the FinTech secured its previous investment round, a €1m pre-seed funding line from Seedcamp and angel backers, according to a report from Tech EU.

Germany-based Receeve is a digital debt servicing platform, providing the technology to help large enterprises streamline their back-office processes.

The company is using technology to transform the business model. Initially debt is addressed with technology to harvest any and all efficiency gains. Data is also collected and analysed to better identify opportunities.

Last year, Speedinvest led the $25m funding round of Spain-based Bnext. The FinTech company, which offers digital wallet accounts and issuing cards, raised the funds to support its move into the Latin America market.

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