InDebted, the global partner in collections solutions for future-thinking organizations, today announced the acquisition of Receeve, a leading collections decisioning software provider.
As financial institutions seek modern alternatives to outdated collection methods, this strategic acquisition enables InDebted to service the entire collections lifecycle — from pre-delinquency through to resolution, with Receeve optimizng internal debt collection strategies through data analytics and machine learning.
Differentiating its products and solutions is core to InDebted’s vision to provide unparalleled data assets to the world’s largest credit and financial services institutions. This acquisition marks a strategic step into an underserviced sector, providing banks and financial institutions with a next-generation approach to end-to-end collections management.
“This acquisition marks a decisive step in our strategy to challenge traditional collections platforms and agencies alike, said Josh Foreman, Founder and CEO of InDebted. “While others focus on point solutions, we’re building an enterprise-grade offering that rivalsindustry incumbents. By combining our AI-powered third party solution with Receeve’s white label collections platform, banks and financial institutions can access a modern, scalable and cloud-based alternative to monolithic systems that delivers superior results and customer experiences.”
Founded in Hamburg, Germany in 2019, Receeve has established itself as a challenger to traditional credit decisioning software throughout Europe, with a footprint in Australia, the United Kingdom and Latin America. The platform’s enterprise-grade capabilities enable financial institutions to replace or augment legacy systems with modern, AI-led collections technology.
“Joining forces with InDebted creates a formidable competitor to traditional industry players,” said Paul Jozefak, Co-Founder and CEO at Receeve. “Our combined solution gives financial institutions the comprehensive capabilities they need to move away from outdated software and into an AI-first future. Together, we’re offering a true enterprise alternative that delivers sophistication and reliability, with the innovation and agility of modern technology.”
The acquisition follows InDebted’s recent A$60 million Series C funding round and strengthens the company’s position as a leading challenger to traditional collections agencies and credit bureaus across the United States, Canada, Australia, New Zealand, Mexico, the UAE, and the United Kingdom.
About InDebted
InDebted is a debt collection partner for future-thinking organizations. We’ve helped companies such as Klarna, Snap Finance and Trustly provide better customer experiences through our AI-powered alternative to traditional debt collection agencies.
About Receeve
Receeve is a fully customizable collections decisioning platform. Through automation and AI-driven outreach, Receeve simplifies the growing complexity of data and systems, empowering in-house teams to easily automate processes, engage customers, and apply advanced insights to maximize recovery and minimize risk.
