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Aussie digital debt collector scores $10m to buy US rival

Yolanda Redrup
Yolanda RedrupRich List Editor

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Digital debt collection agency InDebted has raised $10 million to fund the acquisition of US competitor Delta Outsource, as it makes a major push into the US market.

The company, which was founded by serial entrepreneur Josh Foreman in 2016, uses machine learning to try and humanise the way businesses chase debts from their customers.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/technology/aussie-digital-debt-collector-scores-10m-to-buy-us-rival-20210202-p56yph