InDebted

About

InDebted is a technology-driven debt collection platform that uses machine learning and a dedicated customer-experience team to provide contingency-based collections for SMEs and a platform-as-a-service for larger lenders.

Mission

InDebted provides organizations with a technology-driven, customer-centric alternative to traditional debt collection, using machine learning to personalize each collections journey alongside a dedicated Customer Experience team. The company employs roughly 300 people, with almost half based in the United States, and its founder and CEO relocated to the US in 2023. InDebted now generates 70% of group revenue from US operations, a market that grew 195% over the last fiscal year. The business reached operating profitability in February 2024 and reports a compound annual growth rate of 110%. Management plans to use new capital to fund market expansion, pursue an M&A strategy, and continue product and solution development, with launches planned in the UAE and Mexico next month and later expansion into Europe and South America. Investors and advisers point to InDebted’s product innovation, global traction and category-leading position displacing incumbents as drivers of continued support. InDebted is a fintech startup that helps people manage overdue payments. Its core product is a debt-management platform aimed at improving the overdue payments process. The company announced expansion into the UK and highlights employee-focused policies such as a four-day work week. In its 2022 financial year it doubled its revenue. At the end of the financial year it raised $22.5 million and saw its valuation double to $200 million. The business also cut 40 staff and the CEO has signaled a shift away from 'growth at all costs.' Founded in 2015 and based in Sydney, InDebted provides a technology platform designed to facilitate debt collection for businesses while taking a friendlier approach than traditional collectors. The company has experienced rapid commercial growth, reporting 300% revenue growth over the past 12 months. Co-founder Josh Foreman says valuation has grown roughly 18× since its May 2017 seed round. InDebted raised a $1M seed from Reinventure in May 2017 and has continued to attract repeat investment from that fund. The platform is focused on scaling its collections technology and expanding its customer base among businesses requiring receivables management. InDebted provides a technology platform to help businesses, including SMEs, get paid quickly and efficiently by facilitating and managing debt collection. The company offers contingency-based debt collection services as its primary mercantile service for SMEs. For larger companies and lenders it sells a platform-as-a-service model. InDebted was founded by Josh Foreman in 2015 and is Sydney‑founded. The startup aims to disrupt Australia’s multibillion-dollar debt collection sector. It recently secured close to $1 million in seed funding to support its growth.

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