# InDebted

InDebted is an Asset Manager based in Sydney, Australia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, Australia
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** indebted.com
- **LinkedIn:** https://www.linkedin.com/company/indebted

## Regulatory record

- **Reports private funds:** No

## About

InDebted was founded in Sydney in 2017 by CEO Josh Foreman and COO Nigel White, who identified an opportunity to modernize the fragmented debt-collection industry. The firm operates a fully digital, remote-first model, serving clients across Australia, New Zealand, the United Kingdom, Canada, and the United States. Its wealth origin is not publicly attributed to a family fortune; the company is venture-backed and structured as a growth-stage fintech. The firm's strategy centers on applying machine learning and behavioral science to consumer debt recovery. InDebted targets assets such as credit card debt, utility bills, and personal loans, using a platform that segments consumers by risk and preferred communication channel. The firm has disclosed partnerships with banks, telecoms, and utilities, and counts Tenity, Force Over Mass, and Reinventure among its known institutional backers. Geographic footprint spans the Asia-Pacific region, Europe, and North America. As of early 2022, InDebted's Series B round raised $63 million, bringing total disclosed venture funding to approximately $79 million (per public filings and press reports, 2022). The firm employs roughly 130 staff and maintains its headquarters in Sydney with remote teams globally. No separate philanthropic or adjacent vehicles have been publicly disclosed; the firm operates as a single entity. Structurally, InDebted differs from traditional debt collectors by acting as a technology-enabled asset manager that purchases and collects portfolios of non-performing loans. Its digital-first approach allows it to operate without physical call centers, and its use of predictive analytics is a genuine differentiator in a sector historically dominated by manual processes.

## Sectors

- FinTech
- Consumer Financial Services
- AI/ML

## People

- Josh Foreman — CEO & Co-Founder
- Nigel White — COO & Co-Founder

## Questions

### How does InDebted source proprietary deal flow?

InDebted acquires consumer debt portfolios through competitive auctions and direct negotiations with banks, telecoms, and utility companies. Its digital platform provides real-time analytics to price portfolios, which the firm says gives it an edge over traditional buyers (per public sources, 2022).

### Which sectors does InDebted explicitly avoid?

InDebted focuses exclusively on unsecured consumer debt such as credit cards, personal loans, and utility bills. It does not handle secured debt like mortgages or auto loans, nor does it invest in commercial or corporate debt.

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Last updated: 2026-06-03T20:00:00.000Z

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