A Sydney-founded startup aiming to disrupt Australias multibillion-dollar debt collection industry has secured close to $1 million in a seed round led by Westpac-backed venture capital outfit Reinventure.
Angel investors including Invoice2Go chief executive Greg Waldorf and Spotcap Australia managing director Lachlan Heussler also participated, as did investors Mike Zimmerman and Craig Carroll.
InDebted, founded by Josh Foreman in 2015, uses technology to help businesses, including SMEs, get paid quickly and efficiently.
Indebted is a technology platform that facilitates and manages debt collection for businesses of all sizes, Foreman tells StartupSmart.
In addition to providing a primary mercantile service of contingen…
Read the full article at: http://www.smartcompany.com.au/startupsmart/news-analysis/indebted-raises-close-to-1-million-in-seed-funding-from-westpac-backed-reinventure-to-disrupt-australias-multibillion-dollar-debt-collection-sector/
