From First Line of Code to $30m Series C - Josh Foreman, Indebted

Dexter Cousins recently caught up with Josh Foreman, CEO of Indebted to discuss their global expansion and recent Series C capital raise.

Josh first appeared on the show in 2020 and he shares the lessons he has learned from writing Indebted's first line of code to launching in 7 countries!

In this catch up we discuss the evolution of the debt collection industry, the challenges of consumer fintech, and how Indebted are building the infrastructure for Credit.

We also talk about the impacts of AI on their operations, and the strategic decisions that have led to their expansion into multiple markets.

Foreman also shares insights on the future of credit infrastructure and the lessons learned throughout his entrepreneurial journey.

Highlight

My favourite insight from the chat with Josh is the critical role of intuition in entrepreneurship. Listen in from the 35 minute mark for some great insights by Josh.

Chapters

00:00 Introduction to Indebted and Its Mission

03:04 The Evolution of Technology in Debt Collection

09:08 Disrupting Traditional Debt Collection Models

15:00 The Future of Credit Infrastructure

18:03 Lessons Learned and Strategic Insights

30:42 Scaling a Global Business

35:59 The Role of Intuition in Decision Making

39:00 Raising Capital in a Challenging Environment

45:41 The Future of Fintech and AI Innovations

Find out more about Indebted - https://www.indebted.co/careers/

You can find previous episodes with Josh - 

2020 - https://tieronepeople.com/2020/11/11/josh-foreman-indebted-fintech-australia-podcast/

2022 - https://youtu.be/iA0j-yejKDQ?si=ibKW4oNXZUxHaJpg

Josh Foreman, Indebted

Dexter Cousins speaks to Josh Foreman, Founder and CEO of Indebted, a Fintech revolutionising debt collection.

Indebted replaces annoying and confronting calls with convenient and compelling messaging. Using data science to understand customers better, every message from InDebted provides one-click access to a self-service portal where customers can resolve their accounts without speaking to anyone. 

Dexter talks to Josh about how technology is humanising debt collection and in the process improving people's financial and mental wellbeing.

Josh himself is a serial entrepreneur.  He's your quintessential computer nerd,  got his first computer at 10, was building his own by 12, he then ran an online review website during high school to pay for broadband internet (when that became a thing).

During university, Josh fell in love with the idea of building his own company. He lasted all of 18 months in the corporate world before jumping into his first start-up.

InDebted is Josh's third startup where he is focused on redefining the global collections industry.

To find out more go to https://www.indebted.co/