With this large investment, the company's valuation has increased significantly from its earlier estimate to over A$350 million.

Leading the investment round was Airtree, with participation from the Australian Retirement Trust and Premier Capital Partners, a recently formed entity. Along with Second Quarter Ventures, which purchased shares from angel investors and early employees, other current investors including Reinventure, Carthona, and Perennial also made contributions.

In the financial technology industry, InDebted distinguishes out for providing a cutting-edge substitute for conventional debt collecting methods. With the help of a committed client Experience team, the firm uses artificial intelligence (AI) and machine learning to design customized debt collection journeys that dramatically improve the client experience.

The recently obtained capital will be used to support InDebted's planned launches in Mexico and the United Arab Emirates, among other new countries. Additionally, the funds will help the business with its strategy of mergers and acquisitions as well as the expansion of its product line. CEO Josh Foreman underlined that the investment shows faith in InDebted's distinct method of debt collection, which seeks to offer businesses and their clients a more efficient and compassionate alternative.

Further information made public includes InDebted's intention to expand into Europe and South America, demonstrating its dedication to worldwide expansion. The business, which turned a profit in February 2024, has grown at an astounding 110% compound annual growth rate.

Josh Foreman, the founder and CEO of InDebted, commented on the fundraising, saying, "With this capital, we will be able to further expand our operations throughout the world, where there is a significant demand for the solution we provide." Next month, we're launching in the United Arab Emirates and Mexico. After that, we'll use the additional funds to expand into Europe and South America.

Craig Blair, co-founder and partner of Airtree, said, "InDebted is rewriting the narrative on debt collection, using technology and data to deliver ethical solutions that alleviate what has traditionally been a painful customer experience."

"We first invested in InDebted's seed round seeing the huge potential for efficiency gains by applying technology to a very large, manual industry," said Danny Gilligan, co-founder of Reinventure. Since then, the group has not stopped impressing us by coming up with a sympathetic solution to a challenging issue, making them the best partner for businesses that take customer experience seriously.

Reinventure and other prominent early investors participated in InDebted's prior fundraising rounds, demonstrating a sustained belief in the company's creative approaches to debt collection.