Business Insider: After expansion: these are the key people at debt collection startup Pair Finance

The payment reminder is lost in the flood of mail, the first reminder is not opened,
the second one either. And then things take their course: debt collection, legal dunning proceedings, and so on. This usually ends unpleasantly and with a lot of resentment towards each other. But according to Pair Finance, it doesn't have to come to that. Founder and CEO Stephan Stricker combines debt collection and the dunning process with behavioral research based on artificial intelligence. He claims that 90 percent of cases can be resolved before court. (€)

The digitization of the legal industry is often viewed with a view to new digital business models in the area of ​​consumer rights. In addition, digital companies are also transforming what is perhaps the most classic legal service: debt collection. The use of artificial intelligence is a response to the increasing pressure to innovate, especially in receivables management.

Thanks to generative AI, the Pair Finance tool should not only be able to independently compose emphatic messages, but also optimally determine the channel, time and frequency: Whatsapp, email, letter or personal contact. At the same time, users will receive feedback on progress and forward-looking analyses in data visualisations.