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Human touch secures $14m for debt collection fintech

Michael Bailey

A collections agency which bans its employees from using the word "debtor" has raised $14 million in one of the largest venture capital rounds seen in Australian fintech this year.

InDebted, founded by 31-year-old serial entrepreneur Joshua Foreman in 2016, aims to use machine learning to humanise the way clients interact with customers who owe them money.

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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

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    Original URL: https://www.afr.com/technology/human-touch-secures-14m-for-debt-collection-fintech-20200228-p545hu