A digital debt collection service that makes receivables management easier for everyone: that is the business idea of PAIR Finance. For its efforts, the Berlin-based fintech was honored as an outstanding startup with the Red Herring Top 100 Europe Award 2021.
Named after the renowned US business magazine, Red Herring Top 100 Europe has been honoring promising companies since 1996. PAIR Finance prevailed as one of the 100 winners among more than 1200 startups from the European region. “We believe PAIR Finance embodies the vision, drive and innovation that make for a successful entrepreneurial venture,” said Alex Vieux, publisher and CEO of Red Herring.
A combination of behavioral psychology and artificial intelligence finds the best solution for each person at PAIR Finance. Via an attractive web app, paying outstanding debts finally becomes easy for consumers. State-of-the-art REST APIs make data exchange fast and secure for clients. Simple user interfaces and dashboards communicate daily developments and provide forecasts.
“We set out to transform the debt collection market in Europe in a digital and customer-centric way. We are very pleased that our approach convinced the jury,” says Stephan Stricker, founder and CEO of PAIR Finance. After the MPE Award as the best payment-based initiative of the year, this is now the second internationally significant award in 2021 that Stephan Stricker and his team can be pleased about.
Red Herring’s editorial team evaluates on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This evaluation is complemented by a review of the track record and positioning of similar startups in the same industries.