InDebted has secured $60 million in a transaction that values the digital debt collection start-up at $350 million, attracting industry superannuation giant Australian Retirement Trust and venture capital major Airtree Ventures onto the register.

The funding, first flagged by The Australian Financial Review’s Street Talk column, was raised mainly from local firms, with early backers Carthona Capital, Reinventure and Perennial adding to their investments. The valuation is a $140 million increase from 2021.