Valuation increase ($200m) is a result of more than doubling revenue in FY22 👇
This most recent round was led by Perennial who are increasing their stake, with participation from Carthona, MMV and some other minority
shareholders
Indebted told Sub11 they have grown their R&D team by over 40% during FY22 → our intelligent platform is becoming more sophisticated every week as we deploy new features
USA now represents 80% of revenue for our global business
Significant M&A opportunities presenting themselves to InDebted in
Indebted is led by CEO and Founder Josh Foreman
![<p>Josh Foreman - CEO and Founder of Indebted (Supplied by company)</p> Josh Foreman founder and CEO of Indebted - solo photo in indebted T.](https://assets.stori.press/PGGAVEZC8/articles/2022/08/19/9f1541d3-b34f-408d-b89b-6a2c1281336a.jpg)
Josh Foreman - CEO and Founder of Indebted (Supplied by company)