Business Insider Australia reported yesterday that a debt collection startup called InDebted has received $1 million in funding. The company provides small to mid-sized businesses with technology-enabled collection services.
According to the article, InDebted’s investors say that the industry remains “archaic,” and is dominated by outdated work processes including snail mail and phone calls.
According to the company’s website, “We will leverage all of the contact methods you can provide. This could be phone, email, postal, and even social media. In addition, we leverage the information you provide to search for other potential contact methods.”
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