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Aussie debt collection fintech InDebted bags $41m Series C

September 26, 2024

InDebted, an Australian fintech, raised $41 million (A$60 million) in Series C funding.
Existing investors Carthona, Reinventure, and Perennial, along with new backers Airtree, Australian Retirement Trust, and Premier Capital Partners participated in the round.
SecondQuarter Ventures acquired shares from angel investors and early employees.
Founded in 2016, InDebted partners with companies like Klarna, Trustly, and Snap Finance for AI-driven debt collection solutions.
The funding will be used to expand into new markets, develop products, and support M&A strategy.
Upcoming launches in UAE and Mexico are scheduled for September, with plans to expand in Europe and South America.
InDebted is valued at $240 million (A$350 million).