The company recently acquired Reminda, a Sydney-based debt collection agency.
11/01/2023 1:25 P.M.
1 minute read
InDebted, a collection agency and ACA International member based in Australia, has acquired Reminda, a leading debt collection agency headquartered in Sydney.
The acquisition of Reminda marks InDebted’s renewed focus on mergers and acquisitions (M&A) across its global markets. Leading a new era of debt collection for businesses and consumers, InDebted offers a scalable, digitally intelligent and truly empathetic solution for recovering unsecured consumer debt. Reminda’s values alignment, strong financial performance and client base enabled the business to be a natural choice for InDebted’s inorganic growth strategy.
“We see great potential to strengthen our Australian operations by integrating Reminda fully into InDebted,” said Josh Foreman, founder and CEO, in a press release. “The talent, values and passion of their team has enabled them to build a business to be proud of, and we’re excited to bring them into the next chapter of our journey.”
On a mission to change the world of consumer debt recovery for good, InDebted has its sights set on multiple acquisition opportunities across its global markets. Having acquired a U.S. debt collection business in 2021, InDebted has a proven-track record of accelerating its growth via the integration of businesses that fit its strategic M&A blueprint. It was most recently valued at just over $200 million, according to the Australian Financial Review.
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