About
InDebted provides AI-powered digital debt collection serving clients like Zip, Klarna, and Cash Converters. Raised $60M Series C (Sept 2024) at ~$240M USD valuation, $105M total. 110% CAGR, operationally profitable since Feb 2024. Delivers up to 40% better recovery; highest-rated collections platform for CX. Founded 2016 in Sydney. Expanding to US, Europe, South America.
Key Facts
- [1]Funding: Total funding: $94M. Last round: Sep 2024. Stage: Growth.
- [2]Employees: Employee count: 51-200.
- [3]Website: Official website: indebted.co.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: APAC (Australia).
Founders
Josh Foreman
Co-founder & CEO
Vanessa Villalba
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is InDebted?
InDebted provides AI-powered digital debt collection serving clients like Zip, Klarna, and Cash Converters. Raised $60M Series C (Sept 2024) at ~$240M USD valuation, $105M total. 110% CAGR, operationally profitable since Feb 2024. Delivers up to 40% better recovery; highest-rated collections platform for CX. Founded 2016 in Sydney. Expanding to US, Europe, South America. InDebted is classified in the Lending & Credit segment at the Automation layer of the financial AI stack.
Who founded InDebted?
InDebted was founded by Josh Foreman (Co-founder & CEO) and Vanessa Villalba (Co-founder).
How much funding has InDebted raised?
InDebted has raised $94M in total funding, placing the company at the Growth stage. The most recent round closed in Sep 2024. Among 81 funded Lending & Credit companies, InDebted ranks #49 by total capital raised. (Source: AIFI Map directory.)
What AI technology does InDebted use?
InDebted primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does InDebted operate in?
InDebted operates in the Lending & Credit market segment. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets.
Where is InDebted headquartered?
InDebted is headquartered in Sydney, Australia. The company operates in the APAC region. The team consists of 51-200 employees. Australia is home to 4 financial AI companies tracked by AIFI Map.
Who are InDebted's competitors?
Companies similar to InDebted in the Lending & Credit space include Greenlite ($20M raised), Upstart ($160M raised), Zest AI ($357M raised), Pagaya ($75M raised), Scienaptic AI ($17M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. Upstart focuses on ai lending platform using alternative data for credit decisions. Zest AI focuses on ai-automated underwriting for credit unions and banks. (Based on AIFI Map classification data.)
What products does InDebted offer?
InDebted builds automation-layer solutions for the financial services industry. The company's core offering: AI collections platform for global markets. The platform is powered by Predictive ML technology.