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§ Private Profile · 76 Hudson street, New York, NY 10013, US
Accounts receivable management platform that automates collections using AI for businesses using NetSuite, focused on improving cash flow.
Kolleno provides an all-in-one accounts receivable (AR) management platform, integrating with NetSuite to automate invoice tracking, payment reminders, and collections using AI and machine learning. This technology is designed to streamline financial operations for businesses, helping them get paid faster and significantly improve cash flow. The company successfully raised £4 million in seed funding in March 2022, with the investment round co-led by prominent firms Eurazeo and Stride.VC. Its leadership team features CEO Dimitri Raziev, who brings experience from Goldman Sachs and Fasanara Capital, and CTO Ron Danenberg, formerly of Expedia Group and Vatglobal. These founders leverage their backgrounds to develop solutions for finance and accounting teams. Kolleno was established in 2020 by Dimitri Raziev and Ron Danenberg. Its business model centers on saaS platform for AR management, funded by seed investment.
Kolleno has raised $5.0M across 1 funding round.
Kolleno has raised $5.0M in total across 1 funding round.
Kolleno has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $5M Seed | Stride VC, Eurazeo | 2050 Capital, 7percent Ventures, American Express Ventures, Atomico, Backed VC, Creator Fund, Double Prime LLP, EQT Ventures, Expert Dojo, Global Ventures, Haatch, Listen, MassMutual Ventures, Mercuri, Notion Capital, Outrun Ventures, Passion Capital, Plug & Play Ventures, Seedcamp, Tribe Capital, Alison Engel, Charles Delingpole, Charlie Songhurst, Jeff Carter, Jose Gaztelu, MIK Attisani, Paul Forster, Paul Townsend, Phil Mcgriskin, Will Brooks, William Hockey, Mark Ransford, Michael Pennington, Will Neale, Euler Hermes, HubSpot Ventures | Announced |
Kolleno is a London-based financial operations platform specializing in accounts receivable (AR) automation, payments processing, and reconciliation for SMEs and enterprises.[1][2][3] It serves CFO offices, finance teams, and accounting departments across sectors like financial services by solving late payment issues through AI-powered tools that digitize credit control, automate dunning workflows, and accelerate cash collection, reducing days sales outstanding (DSO).[1][3][4] Backed by Eurazeo's £4 million seed funding, Kolleno has processed over 170,000 invoices, expanded to clients in Europe, Africa, and North America with nearly 20 employees, and integrates seamlessly with ERPs, CRMs, and payment systems like GoCardless.[1][2][5]
Kolleno was founded in 2020 by Dimitri Raziev and Ron Danenberg, who independently observed the severe impact of delinquent payments on business performance while working in different companies and sectors.[1][2] This shared experience sparked the idea to revolutionize credit control and AR management by automating outdated manual processes, preserving working capital, and improving client relationships.[1] Early traction came swiftly: within 18 months, the company secured Eurazeo seed funding, built a global client base across three continents, and established operations from its London headquarters.[1][2]
Kolleno rides the wave of AI-driven financial automation, targeting the underserved B2B payments market where manual AR processes hinder SME and corporate cash flow amid rising economic pressures like inflation and supply chain delays.[1][3][7] Its timing aligns with post-pandemic digital transformation demands, enabling CFOs to shift from reactive chasing to predictive management, much like how fintechs like Statement handle liquidity forecasting.[1][2] By centralizing fragmented back-office ops and fostering global expansion, Kolleno influences the ecosystem as Eurazeo's venture portfolio pioneer, accelerating industry-wide adoption of seamless, data-synced finance tools.[1][5]
Kolleno is poised to dominate as the leading AR automation platform, expanding capabilities like AI dispute resolution and multi-entity support while scaling globally through ERP partnerships and Eurazeo's network.[1][6] Trends in real-time AI analytics and embedded finance will propel its growth, potentially slashing DSO further and capturing more enterprise market share amid regulatory pushes for efficient payments.[3][4][7] As B2B payments digitize, Kolleno's pioneer status in transforming CFO offices could redefine financial operations, turning payment struggles into strategic advantages and solidifying its role in the fintech vanguard.
Kolleno has raised $5.0M in total across 1 funding round.
Kolleno's investors include Stride VC, Eurazeo, 2050 Capital, 7percent Ventures, American Express Ventures, Atomico, Backed VC, Creator Fund, Double Prime LLP, EQT Ventures, Expert Dojo, Global Ventures.