Due to the economic consequences of the Corona crisis, the founder and head of the debt collection start-up Pair Finance, Stephan Stricker, expects a deterioration in consumer payment behaviour. There is already an increase in installments and deferrals, he says.

A digital debt collector for enterprises (its 250 clients include pay-later giant Klarna and car hire Sixt). The company uses artificial intelligence and behavioural analysis to better communicate with consumers with outstanding debts. PAIR Finance now operates across Germany, Austria and Switzerland.

Christian Zingel has joined Pair Finance in Berlin as Chief Sales Officer (CSO). At the AI-based company in the field of debt collection and receivables management, the 42-year-old will focus on the growth and expansion of the technology company's market presence.

Zingel is moving from ImmobilienScout24, where he was also Head of Sales. Previously, the business administration graduate held various management positions in sales and digitisation, including at Zalando, eBay and the US tech service provider Yext.

Start-up company PAIR Finance is a modern kind of debt collection agency, which uses the findings from behavioural research to improve the relationship between debtor and creditor, among other things.

Artificial intelligence is changing payment. It’s already a fixed feature in fraud prevention and debt collection.

PAIR Finance has over 250 corporate clients, including Zalando, Sixt and Mydays” - Jochen Schweizer.

Traditional payment reminders are about to be replaced. Fintech companies are mixing up the debt collection industry with AI. The motto: communication not confrontation.

In 2018, Stephan Stricker and his Berlin-based debt collection start-up “recovered” debts into the tens of millions.

There are the forgetful ones, the ignorant ones, the shy ones and all sorts more. Stephan Stricker (36) from Berlin knows them all. They all have one thing in common: debt. And Stricker wants it.

Berlin is already working on making its future cashless. And numerous start-ups are getting involved...

The “Diamond Star” Digital Banking Award was given out for the fourth time. The winners show how fintech companies are controlling the trends in the financial industry.