Payre

Payre is a US-based financial technology company headquartered in New York City. It provides accounts receivable management, credit risk assessment, and dispute resolution services. The platform specializes in aggregating business payment data to generate "Payment Reliability Scores," allowing creditors and businesses to assess the creditworthiness of potential partners based on historical payment behavior and verified claims.

Overview

Payre operates as an intermediary platform between creditors and debtors, leveraging a network of professional partnerships. The company collaborates closely with accountants and lawyers to verify claims and facilitate the debt recovery process. By integrating legal and financial professionals into the workflow, Payre aims to provide a more structured and authoritative approach to accounts receivable management.

The platform specifically focuses on empowering creditors to resolve "stubborn small debts" that are often too small for traditional debt collection agencies but significant enough to impact cash flow. By digitizing the recovery process, Payre makes it cost-effective to pursue these outstanding amounts.

Headquartered in New York, the company maintains an operational presence in key international markets, including the United Kingdom, Hong Kong, Singapore, Malaysia, Australia, and New Zealand. The platform emphasizes compliance with global data protection regulations and offers tools for businesses to upload and verify unpaid invoices (claims), which are then used to calculate a payment reliability score for the debtor entity.

Services

Claims Management

Creditors can use Payre to manage outstanding debts. The platform provides workflows for:

• Documenting claims (invoices, contracts).
• Sending automated payment reminders.
• Issuing Letters of Demand via partner law firms.
• Managing Warrant to Act authorizations for legal proceedings.
• Facilitating dispute resolution between parties.
• Offering structured payment plans to debtors to resolve outstanding liabilities.

Payment Reliability Scoring

The company maintains a database of business entities (primarily in Singapore) and assigns them a "Payment Reliability Score." This score is derived from:

• Verified Claims: Outstanding invoices or debts reported by creditors and verified through documentation.
• Public Data: Integration with corporate registries (e.g., ACRA) to verify business status ('Live', 'Struck Off').
• Community Reviews: Feedback from other businesses regarding payment timeliness (`Good` vs `Poor`).

See also

• Demand Letter
• Credit bureau
• Debt collection
• Financial technology
• Clyde & Co
• Dun & Bradstreet