Orrick advised FinLeap venture PAIR Finance on its €4.5 million Series A financing.
Leading German e-commerce platform operator Zalando, HitFox Group and a prominent selection of business angels in Germany were among the investors who participated in the funding round, in addition to existing investors such as FinLeap, yabeo Capital and Ey Ventures.
PAIR Finance is a technology and data-driven company in the collection sector that realizes open debts of defaulting customers more efficiently and in a more customer-oriented way through digital communication channels and behavioral analysis. Founded in early 2016 in Berlin, the company is already used by approximately 150 German business clients. With the investment, PAIR Finance plans to expand its marketing strategy and its specially developed technology, based on artificial intelligence.
FinLeap GmbH is a company builder with a focus on fintech that helps founders build sustainable, customer-oriented and technologically strong firms.
Zalando SE operates a leading e-commerce platform for fashion with customers across Europe. With a wide collection of clothes, shoes and accessories from about 2,000 brands, the former startup was able to increase its revenue in the first half of 2017 by another 21.5% to roughly €2 billion.
PAIR Finance was advised by an Orrick team led by Munich M&A and Private Equity partner Fabian von Samson-Himmelstjerna. He was supported by partners Christoph Brenner (M&A and Private Equity, Munich) and Stefan Schultes-Schnitzlein (Tax, Düsseldorf) and associate Karl Ehrenberg (M&A and Private Equity, Munich).