PAIR Finance, the leading provider of AI-based receivables management, is today announcing its entry into the Portuguese market. The expansion strengthens the fintech company's presence in Europe, where it is now active in a total of nine markets. The first major existing customers are already using the service in Portugal.

As with France and Spain, the Portuguese market is managed centrally by the international team in Berlin. “For our expansion, we rely on a highly specialised team from the areas of business development, operations, tech, legal and customer support, which operates across borders,” says Robert Frederik Witte, Chief Growth Officer of PAIR Finance. “Thanks to these efficient structures, we can act flexibly and expand into new markets faster.”

“Portugal is an important European future market with great potential. Our proven model, which combines artificial intelligence, digital communication and behavioural psychology, is an excellent fit for the local market specifics,” says Stephan Stricker, CEO and founder of PAIR Finance. “Our clear aim is to bring long-term innovation to the sector and establish a new generation of receivables management in Portugal too.”

In many places, the receivables management sector still uses outdated processes which are unable to meet the demands of modern society. PAIR Finance uses reinforcement learning, the latest generative AI and customer-focused methods to make it easier for consumers and companies to overcome the challenges of receivables management. In addition, local payment methods such as MB WAY, Portugal's most popular mobile payment method, are available.

According to the Portuguese central bank, Portugal currently has a household debt ratio below the EU average. Private debt stands at 82 per cent of disposable income in the first half of 2024, well below the 2019 peak. Nevertheless, efficient and customer-focused debt management remains a key success factor for companies in economically uncertain times.

With the ONE Approach, PAIR Finance offers its business customers the opportunity to efficiently navigate debt management processes in several European countries. A unique feature in the industry. With just one contract and one integration, companies receive service and access to local expertise in nine markets, saving time and resources and reducing the complexity of international receivables.

The Portuguese market entry marks a further step on the road for PAIR Finance to becoming Europe's leading provider of technology-based receivables management.