The pioneer for AI-based debt collection PAIR Finance has made it onto the German AI Startup Landscape 2024 for the seventh time in a row. The renowned list, compiled by the appliedAI Institute for Europe, provides a detailed analysis of the German AI startup scene and shows the most important players in the field of artificial intelligence (AI).
In this year’s landscape 687 AI startups are listed. The aim of the list is to provide a central database of high-quality and externally audited AI startups that large companies, SMEs and government institutions can access as trusted partners. All startups on the German AI Startup Landscape were founded in or after 2014 and have a primary business model based on AI.
Genuine AI expertise right from the start
As a technology company, PAIR Finance has been using artificial intelligence since it was founded in 2016. With AI technologies such as reinforcement learning, natural language processing (Generative AI) and data expertise, the fintech enables a highly personalised customer experience in debt collection. This sets PAIR Finance apart from conventional debt collection service providers and improves the debt collection experience by helping consumers to resolve their outstanding debts quickly. Business customers in seven European countries receive faster and higher recovery of outstanding receivables, transparent reporting, and satisfied customers.
Stephan Stricker, CEO and Founder of PAIR Finance, emphasises: “We are proud to be represented at the German AI Startup Landscape every year since the first edition in 2018. This underlines our continuous innovative strength and expertise in the application of AI. Many talk about the buzzword AI, but where is it actually being used? At PAIR Finance, we always work with the latest available technology, now including Generative AI, making us the European leader in the debt collection industry.”
A look at the AI startup landscape
The German AI Startup Landscape shows that the wave of AI startups in Germany is continuing. A total of 687 startups were identified, an impressive increase of 35% compared to the previous year – This means that Germany has more AI startups than ever before (Handelsblatt). It is particularly noteworthy that every fifth AI startup is active in the field of Generative AI, which underlines the rapid spread of this technology.
As in previous years, the cities of Berlin and Munich continue to dominate the AI startup landscape. The two cities account for around 50 percent of German AI start-ups. Berlin is considered the German city with the largest number of AI startups (209), while Munich ranks second (136 including the Munich area). (StartingUp)
Methodology of the German AI Startup Landscape
The German AI Startup Landscape is compiled every year with the support of independent partners from academia, government and industry. Over 1000 startups were analysed, and only those with a strong business model and internal AI expertise were shortlisted. The evaluation was based on data, talent, AI methods, scalability, and overall quality. An independent jury, consisting of representatives from companies such as Deutsche Telekom, NVIDIA and Intel, will make the final assessment of the startups.
Would you like to work with PAIR Finance, the award-winning fintech for AI-based debt collection?
