InDebted Appointed New Executives to Accelerate Global Scale
The debt collection firm named a new CEO and CFO as it attempts to expand its operations across six international regions.
Updated on Oct. 5, 2026 in Corporate Finance
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InDebted has appointed Chris McNamara as CEO and Brendan Lee as CFO to drive the company's international expansion strategy. The leadership changes follow a period of growth for the debt collection provider.
Why it matters
These appointments signify a push to institutionalize management as the firm scales its operations across six global regions. The moves come as the company integrates its recent U.S. acquisition, AmSher, and seeks to build on a 42% year-on-year revenue increase.
InDebted reports a 42% year-on-year revenue growth as of 1 October 2026. The company, which is active in six global regions, previously secured AUD 60 million ($42 million) in a Series C funding round led by Airtree Ventures.
The players
InDebted
An international debt collection agency that uses digital-first platforms to manage consumer accounts.
Chris McNamara
The new CEO of InDebted who previously held senior revenue leadership roles at Glassdoor, Remote, and Advanced Navigation.
Brendan Lee
The incoming CFO who joins InDebted following an investment management career at Morgan Stanley.
Josh Foreman
The founder and former CEO of InDebted who now serves as an executive director.
Airtree Ventures
A venture capital firm focused on scaling early-stage companies, which led InDebted's Series C round.
The details
McNamara joins from leadership roles at Glassdoor, Remote, and Advanced Navigation, while Lee transitions from an investment management position at Morgan Stanley. The leadership team is now tasked with managing the firm's global product suite, including the 'Release' debt sale platform launched in March 2026. This reorganization occurs as founder Josh Foreman moves into an executive director role to oversee the firm's strategic transition.
Timeline
September 2024: Airtree Ventures led a Series C funding round.
February 2026: AmSher completed its brand transition to InDebted.
March 2026: The Release debt sale product was launched.
April 2026: Josh Foreman transitioned to executive director.
1 October 2026: McNamara and Lee assumed their respective CEO and CFO roles.
Market Landscape
This leadership transition follows the company's 2024 Series C funding round and marks a shift toward operational maturity. The move mirrors a broader industry trend where high-growth fintechs swap founder-led management for executives with institutional backgrounds to scale globally.
Operators should monitor whether new leadership drives further consolidation in the digital collections space via additional acquisitions. Assess whether your own debt recovery providers are maintaining service levels as they pivot toward new technology products like automated debt sales.
The takeaway
Rapid scaling in fintech often necessitates a pivot from founder-led agility to institutional management. Monitor the performance metrics of the new 'Release' product to see if these high-level executive changes successfully translate into increased market share.
Further reading
For more on management shifts and scaling strategy, visit the Corporate Finance section.
Source note: This article includes information reported by FinTech Futures.
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