September
Digital debt collector worth $350m after big money raise
Business booms for InDebted when cost-of-living hits consumers. It has attracted new investors, including a super fund to back a rare valuation increase.
- Paul Smith
July
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
- Primrose Riordan
Panthera Finance administration prompted by founder stoush: PwC
The Brookfield-backed company collapsed into administration after the twin brothers who founded the debt collection business fell out with one another.
- Kylar Loussikian
QIC coy on Thames Water stake as utility drowns in debt
The state-backed asset manager has not marked down its valuation of the embattled London investment, despite its largest shareholder writing it off entirely.
- Updated
- Aaron Weinman
- Opinion
- Short-term loans
This must be one of the worst ways of making a return
There’s a dollar to be made lending to people with “impaired credit” while running a debt collection firm. Just ask Brookfield, which is all over this business.
- Kylar Loussikian
- Exclusive
- Insolvency
Labor reveals personal bankruptcy overhaul
The threshold for involuntary bankruptcy will rise to $20,000 and Attorney-General Mark Dreyfus will also launch consultations for a mini-bankruptcy regime.
- Ronald Mizen
June
PwC appointed VA at parent company of Brookfield-backed Panthera
Panthera’s parent entity’s shares are controlled by the administrator, who may be seeking a buyer.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Deeply offensive’: ATO boss slams robo-debt comparison
New Tax Commissioner Rob Heferen was forceful in his first appearance before Parliament, rejecting criticism of a Tax Office program to chase small debts.
- Tom McIlroy
Challenger, Revolution storm Pioneer Credit’s $300m refinance
Sources said Pioneer and Nomura had found enough demand to upsize the growth facility to haul the total from $245 million to about $300 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Mark Casey-backed debt recovery fintech plots path to the Nasdaq
Having launched in all 50 US states and in Canada, Remitter has signed on a range of enterprise clients including Bank of America, Citizens Bank and Hyundai.
- Sarah Thompson, Kanika Sood and Emma Rapaport
More than 50,000 taxpayers are ghosting the ATO
Many have Tax Office debts of more than $100,000 that are older than 90 days, and they collectively owe about $15 billion. But they aren’t returning its calls.
- Tom McIlroy
January
PwC’s corporate restructuring team called in at Panthera Finance
Street Talk can reveal a crack team of accountants has landed at the debt collection outfit to clean house.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Investors monitor Panthera Finance amid reg troubles
Sources said while Grant Samuel wasn’t officially engaged, it had kept close to the founders after running a debt refinancing process in 2022.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Brookfield-backed Panthera falls under debt watchdog’s gaze
One debt collecting entity was banned from operating in Victoria. Another sister company – with the same shareholder, address and directors – still operates there.
- Liam Walsh and Sarah Thompson
October 2023
Credit Corp shares smashed as US debt repayments shrink
Inflation might be putting a squeeze on how many people can pay back debts in the US, hurting the Sydney-based collection giant.
- Liam Walsh
- Exclusive
- Funding
Digital debt collector counts benefits of a cost-of-living crisis
Perennial-backed InDebted has made its first acquisition since 2021 as a rise in people defaulting on payments sees it approach profitability for the first time.
- Tess Bennett
May 2023
Small caps Credit Clear, Entyr, Terra Uranium rattle the tin
Monday morning’s raising candidates included listed debt collection software business Credit Clear and waste tyre processing outfit Entyr.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February 2023
Struggling Aussies keeping up payments, Credit Corp says
The debt-chasing, short-term lending outfit has missed its earnings expectations but forecasts a recovery.
- Liam Walsh
October 2022
Unco-operative China accused of fuelling debt crisis
In Washington this week, officials have expressed frustration at China’s foot dragging on moves to restructure poor nations’ debt.
- Matthew Cranston
September 2022
Lease stranglehold ‘helped sink’ Collection House
An administrator’s report into the collapsed debt chaser also examines the failed attempts to pull a financial rabbit out of the hat.
- Liam Walsh