Pair Finance finds buyer

Rumors have been circulating for a year that Finleap wants to sell the debt collection start-up. Now a British investor is making a move.

The Berlin debt collection start-up Pair Finance has a new owner: the British investment company Pollen Street Capital is acquiring around 60 percent of the shares. The industry magazine Versicherungsmonitor first reported on the deal. The previous majority shareholder Finleap will remain on board as a minority shareholder. It had already become known last fall that the Berliners wanted to sell Pair Finance, but now the deal finally seems to be going through.

Pair Finance, founded in 2016, operates as a digital debt collection company. Its prominent customers include Klarna and Zalando. According to its own information, the company is already profitable, a rarity among fintechs. Annual turnover is said to be around 30 million euros.

As reported by Finance Forward, Pollen Street Capital is paying just over 100 million euros for the shares. This corresponds to a total company valuation of Pair Finance of up to 200 million euros. Following Finleap's recent sale of neobank Penta, this is the company builder's second successful exit in a short space of time.