InDebted Raises US$40 Million in Series C Funding, Valued at over US$250 Million, and Expands US Operations
InDebted, a global debt collection fintech, has hit a major milestone by generating 70% of its group revenue from its US operations. The company recently completed a successful US$40 million Series C capital raise, valuing the company at over US$250 million.
With a significant presence in Australia, InDebted has seen a 195% increase in revenue from its US operations over the past fiscal year. This growth has been supported by the relocation of Founder and CEO Josh Foreman to the US in 2023, where almost half of the company’s 300 employees are now based.
The capital injection, led by Airtree and supported by various investors, will fuel further growth for InDebted. This includes expanding into new markets such as the UAE and Mexico, as well as developing the company’s products and solutions. The funds will also support InDebted’s M&A strategy as it continues to lead the way in the debt collection industry.
InDebted’s success has attracted the attention of US investors, signaling a promising future for the company. With a strong focus on innovation and customer experience, InDebted is rewriting the narrative on debt collection by delivering ethical solutions driven by technology and data.
Overall, InDebted’s growth and performance have positioned them as category leaders in the fintech industry. The company’s mission to provide a better experience for individuals managing debt globally is gaining traction, and the latest capital injection ensures they are well-equipped to continue driving profitable growth and supporting their investors.
