InDebted, an Australian fintech company that has grown rapidly by offering companies a digital channel for customers to pay off outstanding debts, has pulled in some funds of its own, with a $25 million series B funding round led by specialist investment firm Perennial Value Management.

The company grew notably during 2020, signing on some of the largest consumer finance players and companies in sectors such as subscription services, utilities and telecommunications in Australia, New Zealand, Canada and the United States. It also plans to expand into the United Kingdom, Europe and south-east Asia.