InDebted, a Sydney, Australia-based debt collection fintech company, raised US$40M in Series C funding, at US$250M valuation.
Primary investors included Airtree, Australian Retirement Trust and new growth fund Premier Capital Partners. Existing shareholders Reinventure, Carthona and Perennial have also participated, with Second Quarter Ventures purchasing shares from angel investors and early employees.
The company intends to use the funds for expansion into new markets, delivery of its M&A strategy, and development of products and solutions.
Led by CEO and Founder Josh Foreman, InDebted is a fintech company that provides organizations with an alternative to traditional debt collection agencies by using technology such as machine learning to personalize every collections journey, and with the support of a dedicated customer experience team.
FinSMEs
24/09/2024