Kolleno Raises £4M in Seed Funding
- Kolleno, a London, UK-based fintech startup specializing in Accounts Receivable (AR) management for SMEs, raised £4M ($5.4M) in seed funding
- The round was led by Eurazeo and Stride.VC, with participation from Euler Hermes, HubSpot and several angel investors including Michael Pennington, Mark Ransford, and Will Neale
- Eurazeo, Stride.VC, Euler Hermes, HubSpot, Michael Pennington, Mark Ransford, Will Neale
- The company intends to use the funds to scale up capabilities and offerings
- Kolleno simplifies B2B credit control and collections for SMEs by automating the management of receivables on one single platform
- The platform does cash reconciliation, prioritises the workflow and provides tailored collection strategies by advising the most effective communication channels using AI and machine-learning technology
