Pollen Street buys AI-based digital collections platform PAIR Finance

• Pollen Street’s investment will support PAIR’s expansion into new geographies and the growth of its customer base
• PAIR CEO Stephan Stricker founded the business in 2016 with Finleap
• The company has grown to more than 350 active clients across all major industry verticals and has expanded its international operations

Pollen Street announced that it has acquired a majority stake in PAIR Finance. PAIR is an artificial intelligence-based digital collections platform based in Berlin. The platform combines AI and behavioural research to create a more efficient payment process that prioritises customer experience alongside collection rates and long-term customer retention for clients, according to Pollen Street.

The former largest shareholder, Finleap, will retain a minority stake in the business and will support PAIR’s growth strategy. PAIR CEO Stephan Stricker founded the business in 2016 with Finleap. The company has grown to more than 350 active clients across all major industry verticals and has expanded its international operations.

“PAIR Finance has an impressive track record of high growth and a strong foundation as the leading digital-first player in the market,” said Michael England, partner at Pollen Street “At Pollen Street our investment strategy focuses on identifying excellent businesses with strong customer propositions and tech-led business models, led by exceptional founders. PAIR Finance exemplifies this strategy and is well placed to capitalise on tailwinds in the market.”

London-based Pollen Street Capital is an independent alternative investment management company, focused on the financial and business services sectors.