Chaser, a London, UK-based provider of a cloud credit control software platform, raised $4m in growth funding.
The round was led by Fuel Ventures, with participation from existing investors including Sussex Place Ventures, Beacon Capital and Director and early-investor in Xero, Craig Winkler.
The company intends to use the funds to continue to expand their Product Development team, with a host of new features released in 2020, and ChaseAcademy.
Founded by David Tuck, Chaser provides accountants and bookkeepers with tools to automate chasing customers to pay their invoices. By sending automatic and intelligent email chasers, the software effectively gets invoices paid on time. To date, the company has allowed users to chase over $2.2 billion worth of invoices.
ChaseAcademy is a Virtual Credit Control Service incubator which was launched in August 2019. It boasts a 12-week program, which equips Accountants and Bookkeepers with the practical how-to knowledge needed to offer professional-level credit control as a service to their SME clients. It allows SMEs to completely outsource their credit control process to their Accountant.