Intro

Good morning and happy Tuesday! 🥳

Today’s update is 325 words, 1.6 minutes.

Snippets

💰 Are BTC & ETH already dead: It’s said that Bitcoin and Ether are past their prime and are likely to be replaced by other, future-proof coins very soon. Here are eight reasons why this might be true: Deep Dive here →

🐚 The deepest ocean hole: Scientists have just drilled the deepest ocean hole ever — 8,000 m deep below the Pacific — to study the region’s earthquake history. Deep Dive here →

🌟 The birth of a star: The birth of a star can take tens of millions of years; now we can get a glimpse of what it looks like. Deep Dive here →

🦪 No more counting: How a Japanese company reduced the time required to manually count pearls by 80%. Deep Dive here →

Startup of the Day

Re:ceeve, Hamburg (Germany)

Source: Re:ceeve

What’s the Deal: Hamburg-based Re:ceeve, founded in 2019, is a digitalized debt collection and analytics software. It provides a no-code platform that offers personalized communication to customers via various channels, digital payments, and much more. The company recently received $12M in seed funding.

Why it matters: Debt collection on an enterprise level is a slow and labor-intensive process, with many departments involved. With just a few clicks, Re:ceeve facilitates debt collection for enterprise customers within minutes.

It automates in-house collection processes, tracks, and analyzes interactions to enhance the customers’ journey with data-driven decision-making power. It also provides a large number of payment options to further increase debt collection success.

Our take: Re:ceeve’s powerful no-code platform has the potential to transform the outdated and slow debt-servicing system. It not only increases the debt recovery success rate but also significantly reduces the amount of time spent on the process.

But, selling products to enterprise customers can be a long process, and an increasing number of other companies like True Accord, InDebted, collectAI, Symend and Collectly are pushing into the market.