About InDebted
InDebted is a Financial Services company based in Pyrmont (Australia) founded in 2015 by Josh Foreman. It operates as a cloud-based debt collection solutions are offered to businesses. It operates in the Financial Services and Technology sectors. InDebted has raised $91.79 million across 6 funding rounds from investors including Perennial Partners, AirTree and Australian Retirement Trust. InDebted has completed 4 acquisitions, including AmSher, Debtworks and Delta Outsource Group. Its website indebted.co draws about 365 thousand monthly visits. InDebted offers products and services including Collect and Receeve. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its legal entity is InDebted Holdings Pty Ltd. Its competitors include Valon Mortgage, CredFlow, Satago, CreditMate and Sidetrade and 2 more; 6 of its 7 listed competitors have raised funding.
Company details
InDebted was founded in 2015 by Josh Foreman in Pyrmont, Australia. Debt collection services in the financial sector are delivered through a cloud platform. Operations encompass omnichannel communications, receivable management, payment processing and reconciliation, self-service portals for customers, API integrations, analytics reporting, and compliance monitoring. Additional features include settlement negotiations, dispute handling, payment plan arrangements, data oversight, and performance reporting.
- Headquarters Pyrmont, Australia
- Founders Josh Foreman
- SectorsFinancial ServicesTechnology
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Phone•••• ••••
- Website indebted.co
- Social LinkedIn X Facebook
- Legal Name Indebted Holdings Pty Ltd
- Total Equity Funding$91.79M (USD)
in 6 rounds
- Latest Funding Round$34.15M (USD), Series C
Sep 2024
- InvestorsPerennial Partners
& 9 more
- Investments & AcquisitionsAmSher
& 3 more
Products & Services of InDebted
InDebted offers a comprehensive portfolio of products and services, including Collect and Receeve.
Platform for outsourcing debt collections with customer experience focus.
Software for simplifying data and improving customer engagement in collections.
Funding Insights of InDebted
InDebted has successfully raised a total of $91.79M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $34.15 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $91.79M
- Total Rounds 6
- Last Round Series C — $34.15M
- First Round $1M
(May 2017)
- Investors Count 10
All 6 funding rounds of InDebted with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $34.15M | Series C | – | AirTree | |
| Jul 2022 | $22.5M | Series B | – | Carthona Capital, MassMutual Ventures | – |
| Jul 2021 | $25M | Series B | – | Perennial | |
| Feb 2021 | – | Series A | – | MassMutual Ventures | |
| Mar 2020 | $9.15M | Series A | – | Carthona Capital, MassMutual Ventures | |
| May 2017 | $1M | Seed | – | Reinventure Group |
10 investors in total: 7 institutional and 3 angel.
Investors in InDebted
InDebted has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Perennial Partners, AirTree and Australian Retirement Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward early-stage tech startups by AirTree. | – | airtree.vc | Surry Hills, Australia | |
Early-stage Australian tech companies are invested in by Reinventure Group. | – | reinventure.com.au | Sydney, Australia | |
US and Australian tech and life sciences are invested in. | – | carthonacapital.com | Sydney, Australia | |
Growth equity investments are offered to private Australian companies. | – | pcpgrowth.com | Sydney, Australia | |
Corporate-backed venture capital fund | – | massmutualventures.com | Boston, United States | |
Australian Retirement Trust offers expert investment management and retirement planning solutions. | – | australianretirementtrust.com.au | Brisbane, Australia | |
Diversified asset management services are provided in Australia. | 2000 | perennial.net.au | Sydney, Australia | |
LH Lachlan Heussler | Australian entrepreneur turned angel investor in Indian startups, ex-Booktopia MD. | – | unknown_6027c3aee70c4c659 | - |
GW Greg Waldorf | Angel investor, ex-CEO of Invoice2go, mentor at Accel Partners | – | unknown_e7fc495f6e2343eab | - |
MZ Mike Zimmerman | Indian angel investor focusing on early-stage tech startups. | – | unknown_5f029ed9c4a942478 | - |
Investor details for InDebted
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of InDebted
53 people are tracked at InDebted (12 in leadership, 41 in team).
| Name | Role | Group |
|---|---|---|
Josh Foreman | Founder | Leadership |
Ellie Tahzib | Chief Operating Officer | Leadership |
Emma Atkin | Executive Vice President Of Marketing & UK Managing Director | Leadership |
Jai Miller | VP of Strategy & Operations | Leadership |
Pierre Bergamin | Chief Technology Officer | Leadership |
Jason Loyola | Head Of Information Technology | Leadership |
Zyra Quintos | Executive Assistant To CEO | Leadership |
Gary Herman | Head of Customer Engagement | Leadership |
Mike Zhou | Chief Data Officer | Leadership |
Francine Ereira | Managing Director Australia (acting) | Leadership |
Joshua McKinnon | Head Of Product | Leadership |
Nicholas Krauspe | Director of Compliance and Operations UK | Leadership |
John Michael Arguelles | Associate Data Analyst | Team |
Regio Michelin | Product Lead | Team |
Catlyn Zbilut | Customer Engagement Specialist | Team |
Marc Uy | Senior Insights Analyst | Team |
Akshay Sachdeva | Senior Data Scientist | Team |
Samantha Eaton | Customer Engagement Specialist | Team |
Justin Rico | Customer Engagement Manager | Team |
Lee-Anna Ingrassia | Customer Engagment Specialist | Team |
33 more people are available in the full profile.
Complete people profiles for InDebted
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by InDebted
InDebted has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AmSher, Debtworks and Delta Outsource Group.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Debt collection services are provided nationwide by AmSher specialists. | amsher.com | Birmingham, United States | 1986 | Jul 2025 | •••• | |
Customized debt collection and credit management services are provided. | debtworks.co.nz | New Zealand | 2001 | Jul 2025 | •••• | |
Debt repayment is managed through reminders and multi-channel support. | reminda.com | Gordon, Australia | 1975 | Oct 2023 | •••• | |
Debt collection solutions for financial institutions | deltaoutsourcegroup.com | O Fallon, United States | 2009 | Feb 2021 | •••• |
Complete acquisition details for InDebted
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of InDebted
7 dated milestones of InDebted across 10 years, from founding to its latest funding, stage changes and deals.
- Founded InDebted is founded.
- Funding First funding round of $1.0M.
- Acquisition Acquires Delta Outsource Group.
- Acquisition Acquires reminda.
- Funding Latest funding round, Series C, of $34.1M.
- Acquisition Acquires Debtworks.
- Acquisition Acquires AmSher.
Competitors of InDebted
InDebted has 7 listed competitors in our database, 6 of them funded. They include Valon Mortgage, CredFlow, Satago, CreditMate and Sidetrade, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| valon.com | 2019 | New York, United States | $187.33M | 285 | Cloud-native marketplace for mortgage loans | |
| credflow.in | 2019 | Noida, India | $12.91M | 117 | Cashflow management platform is offered to small and medium enterprises. | |
| satago.com | 2012 | London, United Kingdom | $33.38M | 39 | Provider of a risk management platform for businesses | |
| creditmate.in | 2016 | Mumbai, India | $2.65M | 80 | Overdue payments are collected from borrowers for multiple lenders. | |
| sidetrade.com | 2000 | Boulogne, Argentina | – | – | AI-enabled accounts receivable solutions are provided for businesses. | |
| clerkie.io | 2017 | San Francisco, United States | $35M | 30 | Platform for loan servicing and credit score building through debt management | |
| datasutram.com | 2018 | Mumbai, India | $14.74M | 72 | Platform offering external data insights for enterprises across the customer lifecycle |
Detailed competitors of InDebted
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of InDebted
The website of InDebted (indebted.co) receives about 364.9K visits a month and ranks #184,078 among all websites worldwide, #2,584 in Jobs and Employment.
- Monthly visits364.9K
▲ 76.5% vs previous month
- Unique visitors112.7K
per month
- Global rank#184,078
among all websites
- Category rank#2,584
Jobs and Career · Jobs and Employment
- Bounce rate47%
- Pages per visit3.5
- Average visit2 min 07 sec
- DevicesDesktop 11% · Mobile 89%
Websites whose visitors overlap most with InDebted. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
careers.ecologi.com | careers.ecologi.com | 100% | – | – | – |
| drivetrain.ai | 94% | 74.1K | #524,887 | View details |
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as InDebted (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Indebted
Complete news archive for InDebted
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Frequently Asked Questions about InDebted
InDebted was founded in 2015 and raised its 1st funding round 2 years after it was founded.
InDebted is headquartered in Pyrmont, Australia. It is registered at Pyrmont, New South Wales, Australia.
InDebted is a funded company, having raised a total of $91.79M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 2017.
InDebted was founded in 2015 by Josh Foreman in Pyrmont, Australia. Debt collection services in the financial sector are delivered through a cloud platform. Operations encompass omnichannel communications, receivable management, payment processing and reconciliation, self-service portals for customers, API integrations, analytics reporting, and compliance monitoring. Additional features include settlement negotiations, dispute handling, payment plan arrangements, data oversight, and performance reporting.
InDebted's top competitors include Valon Mortgage, CreditMate and CredFlow.
InDebted offers Collect and Receeve.
InDebted has made 4 acquisitions, including AmSher, Debtworks, and Delta Outsource Group.
InDebted has 10 investors. Key investors include Perennial Partners, AirTree, Australian Retirement Trust, Reinventure Group, and Carthona Capital.
InDebted operates through Indebted Holdings Pty Ltd.
The website of InDebted receives about 365 thousand visits a month and ranks #184,078 among all websites worldwide.