InDebted founder returns to product as AI acceleration opens new era for global collections infrastructure

SYDNEY, AUSTRALIA — 28 April 2026 — InDebted, the global AI-native collections platform, today announced that founder Josh Foreman is moving from Chief Executive Officer to a dedicated Founder role focused on product, AI and R&D. The company has started an external search for a new CEO to lead market execution, operations and organisational leadership.

The transition comes as InDebted posts its strongest quarter in company history, exiting March at an $80M+ annual revenue run rate, with revenue up 52% year-on-year and accelerating, alongside record monthly profitability driven by the company’s deep integration of AI across its product suite and operations. The result caps a period of accelerating momentum driven by Foreman’s progressive return to hands-on product leadership. The company has launched two new products in recent months – including Release and Comply – after operating with one core product for most of its history.

Foreman describes the shift as a deliberate restructuring that prioritises founder-led technical leadership at a time when agentic AI is fundamentally reshaping how businesses operate, how products are built and how value is created.

“At my core, I am a builder. InDebted started with me writing the first line of code,” said Josh Foreman, Founder, InDebted. “Over the last decade I have necessarily stepped away from that work to build the organisation. But what is happening in AI right now demands that technical founders go back to their roots – not to retreat from the business, but to refound it.

To take everything we know about the domain, the customer and the operations, and rebuild on a fundamentally different foundation.”

Foreman founded InDebted in 2016 and built it into a global collections infrastructure business operating across seven countries. Under the new structure, a new CEO will lead day-to-day operations, overseeing finance, sales, and GTM leadership across Australia, New Zealand, Canada, the UAE, and the UK. Foreman leads strategy, product, engineering and AI transformation directly. " InDebted moved early to an AI-first operating model, and the latest quarter’s results prove it’s working. This is the next evolution of that strategy, and having a product-minded founder like Josh with deep context at the helm of these decisions at a pivotal time for the industry is a real advantage." said Craig Blair, Partner & Cofounder at Airtree.

The CEO search is focused on finding a proven commercial operator with experience scaling complex, high-growth businesses in regulated markets.

InDebted supports the full collections lifecycle through four products: Receive for early-stage first-party collections, Collect for scaled third-party collections, Release for late-stage recovery and portfolio work, and Comply for cross-border compliance. All four are built on a shared AI layer, compliance framework and communications system.