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Digital debt collector brings in $25m investment
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InDebted, an Australian fintech company that has grown rapidly by offering companies a digital channel for customers to pay off outstanding debts, has pulled in some funds of its own, with a $25 million series B funding round led by specialist investment firm Perennial Value Management.
The company grew notably during 2020, signing on some of the largest consumer finance players and companies in sectors such as subscription services, utilities and telecommunications in Australia, New Zealand, Canada and the United States. It also plans to expand into the United Kingdom, Europe and south-east Asia.
May 19, 2021
Hnry CTO Lynn Hamilton, head of Australia Karan Anand and co-founders James Fuller and Claire Fuller. Source: supplied.
Stake may have dominated the tech news pages this week with its whopping $40 million funding raise, but between digital wills, legal tech and electric flying vehicles, there’s been plenty more going on.
This week’s funding round features Hnry, a New Zealand startup doubling down on its play in the Aussie market, and Josef, a home grown entity that’s setting its sights overseas.
And, we look at the latest investment from Amazon’s Climate Pledge Fund, which could see synthetic organs being shipped around in electric, eco-friendly aircraft.
Australian legal tech platform partners with new investors to triple funding
By Lauren Croft|18 May 2021
An Australian legal tech platform has partnered with leading organisations to ensure a funding increase of $2.5 million.
Josef, a no-code software platform, has just announced a $2.5 million funding round led by Sydney’s Carthona Capital as well as US investor The LegalTech Fund. This round has more than tripled Josef’s total funding, bringing it from $1 million to $3.5 million.
The legal tech platform enables lawyers and legal professionals to streamline their tasks, including lawyer-client interactions, sending emails, generating legal documents and providing legal guidance and advice. Users can automate document drafting, build bots to handle client interviews, triage paperwork or execute NDAs and instantly generate personalised documents, from letters to contracts.