British investment house Pollen Street Capital has acquired a majority stake in PAIR Finance, an AI-powered digital debt collection platform.
Finleap, the company’s former largest shareholder, will remain on board as a minority shareholder.
Berlin-based PAIR uses artificial intelligence, behavioral analytics and data science to recover lost revenue from unpaid invoices.
The company currently has over 350 active clients in different verticals and has expanded its international operations.
Michael England, Partner at Pollen Street, said: “PAIR Finance has an impressive track record of high growth and a strong foundation as the first market leading digital player.
“At Pollen Street, our investment strategy is focused on identifying great companies with strong customer propositions and technology-driven business models, led by exceptional founders.
“PAIR Finance exemplifies this strategy and is well positioned to take advantage of market tailwinds and continued structural change towards more digital customer engagement.”
Pollen Street, the former private equity arm of the Royal Bank of Scotland currently manages over £3bn under buyout and credit strategies.
It raised more than £1bn from its fourth flagship fund, its Accelerator fund and associated co-investment vehicles in December last year.
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