Paraglide Joins CICM as Corporate Partner to Drive Agentic AI Adoption in Credit Management

Paraglide has formed a strategic corporate partnership with the Chartered Institute of Credit Management (CICM) to accelerate the integration of agentic AI within the UK’s credit industry. For fintech professionals, this signals a shift from experimental AI use cases to the formal standardisation of autonomous agents in high-stakes accounts receivable workflows.

What was announced

Paraglide, a London-based agentic AI platform specialising in accounts receivable (AR), is now a corporate partner of the CICM, the largest professional body for the credit management sector in the UK. This collaboration is designed to provide credit professionals with the technical intelligence required to adopt autonomous AI agents safely while maintaining necessary human oversight.

The partnership follows a significant period of growth for Paraglide, which recently secured $5 million in pre-seed funding. That investment round saw participation from prominent venture capital firms including Bessemer Venture Partners, DN Capital, and Born Capital. The capital is being deployed to refine AI agents that handle the "busywork" of B2B AR, such as managing inbound customer queries, resolving complex billing discrepancies, and executing collections outreach through natural, contextual dialogue.

The platform’s impact is quantifiable, with data showing that Paraglide’s AI agents deliver an average 34% reduction in Days Sales Outstanding (DSO). By automating these high-volume tasks, the partnership aims to transition the role of the credit manager from manual execution to a more strategic position focused on monitoring and approving agent-led outputs. The initiative will focus on educating CICM members on how to integrate these maturing AI workstreams without compromising the established credit culture in the UK.

"As AI adoption picks up pace in the credit management industry, the role that humans play will evolve. Thanks to the instrumental work of CICM, the UK has a very strong credit culture in place today which must be upheld. We are honoured to be working together with CICM to navigate these shifts. The work is moving away from doing towards monitoring, managing and approving what agents produce. In this context, we must prioritise safe deployment, autonomy and effective collaboration that keeps credit professionals firmly in control."

Rasmus Areskoug, Co-founder and CEO of Paraglide.

The companies involved

Paraglide was established by Rasmus Areskoug and Andreas Åström, who previously served as the CFO and Head of Engineering, respectively, at the high-growth SaaS firm GetAccept. Their experience with the operational friction of manual accounts receivable led to the development of Paraglide’s agentic AI solutions. The company is backed by Bessemer Venture Partners, a global venture firm known for its early bets on cloud and fintech, and DN Capital, an international investor with a track record in early-stage software and marketplace businesses.

The Chartered Institute of Credit Management (CICM) acts as the UK's primary professional body for the credit industry. It provides qualifications, support, and advocacy for credit professionals, ensuring high standards of practice across the financial services sector. By partnering with Paraglide, the Institute is taking a proactive stance on the technological evolution of the profession, ensuring its members remain at the forefront of AI-driven operational changes.

What FF News has reported before

FF News has closely tracked the rise of AI-driven automation within the financial back-office. We previously covered Paraglide’s expansion in the market through our report on how AccountsIQ and Paraglide Partner to Automate Debt Collections with AI Agents. This trend towards intelligent automation is reflected across the broader fintech landscape, as seen in Ordway Secures $20M Growth Capital to Scale AI-Driven Billing and Revenue Automation. Furthermore, the shift toward "AI-native" operations is reaching a tipping point, highlighted by Payhawk Joins Elite 'Centaur' Club After Surpassing $100M ARR with AI-Native Pivot, and the emergence of specialised tools like the Sixfold Secures $30M Series B to Launch World-First End-to-End AI Underwriter.

What this means

This partnership is a clear signal that the "wait and see" period for AI in credit management is over. By gaining the endorsement of the CICM, Paraglide is moving beyond the status of a disruptive startup to become a foundational part of the UK’s credit infrastructure. The 34% reduction in DSO is a figure that CFOs cannot ignore, especially in a high-interest-rate environment where cash flow is king. Traditional AR software providers are now under significant pressure to move beyond simple automated emails toward truly autonomous, conversational agents. The focus now shifts to how quickly the workforce can upskill to manage these digital employees.