Chaser is a cloud-based accounts receivable automation software company headquartered in London, UK. The platform is designed to help businesses streamline their credit control and invoice chasing processes, thereby improving cash flow and reducing the time spent on manual tasks. Chaser automates the process of sending payment reminders, conducting credit checks, and following up on outstanding invoices, making it easier for businesses to manage their accounts receivables efficiently.
Chaser was founded in 2014 by David Tuck, a Finance Director frustrated with the inefficiencies of manual invoice chasing. The company was established with a strong determination to assist small and medium-sized enterprises (SMEs) worldwide in receiving prompt, efficient, and friendly payments. Since its inception, Chaser has grown significantly, helping businesses automate their accounts receivable processes and improve cash flow. The company has seen substantial growth, particularly during the pandemic, as businesses sought more efficient ways to manage their finances remotely.
Chaser has raised several rounds of funding to support its growth and development. In 2019, the company raised £3 million in a growth funding round led by Fuel Ventures, with participation from existing investors such as Sussex Place Ventures, Beacon Capital, and Craig Winkler, an early investor in Xero. In 2023, Chaser announced it had raised an additional $4 million in growth funding to further expand its product development team and introduce new features. Specific valuation figures are not publicly available, but the consistent funding rounds indicate strong investor confidence in the company's potential.
Chaser offers a comprehensive suite of features designed to automate and optimize accounts receivable processes.
Key features include:
Chaser regularly updates its platform to incorporate new features and improvements. Recent updates include a redesigned user interface, an automated billing system powered by Chargebee, and enhancements to facilitate remote work through platforms like Deel.com. These updates reflect Chaser's commitment to continuous improvement and adapting to the evolving needs of its users.
Chaser's company culture emphasizes innovation, customer-centricity, and a supportive work environment. The company values transparency, trust, and efficiency, aiming to make the payment chasing process comfortable, effortless, and swift. Chaser fosters a remote-friendly culture, which has been particularly beneficial during the pandemic. The company also focuses on employee growth and development, as evidenced by internal promotions and the implementation of HR software to support its team.
Chaser serves a diverse range of businesses, particularly SMEs, across various industries. The platform has over 10,000 users worldwide who rely on it to get paid faster, protect their cash flow, and maintain good customer relationships. The company has built a strong community of users, partners, and stakeholders who contribute to its ongoing success. Chaser actively engages with its community through webinars, events, and a robust support system, ensuring that users have the resources they need to succeed.
