InDebted is close to ruling off a capital raise that will not only give the digital debt collection firm a higher valuation, but provide the financing it needs to further expand into the United States.
Street Talk understands the heavily-backed name, which has raised a bucket load from investors since 2017 including Westpac’s Reinventure, Alceon and Perennial, is in the market with a Series C round, this time trying to round up $US30 million ($44 million).
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
