InDebted strengthens global leadership with appointment of two new Managing Directors

Sydney, Australia, 17 Jan, 2025 — InDebted, a global leader in technology-enabled debt
collection, is excited to announce the appointment of Brad Bone as Managing Director
(USA) and Jag Khangura as Managing Director (Canada). These strategic appointments
reflect InDebted’s commitment to empowering regional autonomy and driving sustainable
growth across key markets.

Brad Bone, who has been involved in InDebted’s journey in the United States since 2022,
steps into the role of Managing Director (USA). Having worked closely with the company
on client and growth initiatives, Brad brings an in-depth understanding of the U.S.
collections market with a proven track record leading impactful growth initiatives for large
financial services organisations. His leadership will enable the U.S. team to operate as an
autonomous business unit while aligning with the broader goals of the group, including
revenue growth, optimisation, and profitability.

“I’m thrilled to step into this role and continue contributing to InDebted’s growth in the
U.S. market, ” said Bone. “By focusing on client-centric strategies and leveraging our AI
and ML technologies, I look forward to driving sustainable growth while ensuring we
deliver exceptional value to our clients and their customers.”

Jag Khangura, a familiar face within the InDebted family, returns as Managing Director
(Canada). As the company’s first COO, Jag played a pivotal role in InDebted’s formative
years, helping to establish the foundation for its global success. With his return, Jag
brings a wealth of experience and a focus on mergers and acquisitions in Canada, a
critical priority for the region’s growth strategy.

“Returning to InDebted as Managing Director for Canada is an exciting opportunity to
build upon the strong foundations we’ve already established, ” Khangura said. “I am eager
to focus on strategic growth initiatives, including the delivery of our M&A strategy to
position InDebted as the leading partner for financial services in Canada, while also
championing beer outcomes for consumers across the debt collection industry.”

These appointments mark an important milestone in InDebted’s evolution, as the
company continues to prioritise regional autonomy and accountability. By empowering
each region to operate as an independent business unit, InDebted ensures a laser focus
on local market needs while maintaining alignment with the group’s overarching goals.
“Both Brad and Jag embody the values and strategic mindset that define InDebted, ”
added Josh Foreman, Founder and CEO of InDebted, “Their leadership will be
instrumental as we continue on our high-growth trajectory, while delivering outstanding
results for our stakeholders.”

About InDebted
InDebted is a debt collection partner for future-thinking organisations such as Klarna,
Snap Finance and Trustly. Through scalable infrastructure, data analytics and AI,
InDebted provides human-centered collections and decisioning solutions that improve
customer experience, liquidation, and eiciency.

From pre-delinquency through to resolution, our Collect and Receeve solutions enable
organisations to move away from legacy systems, and into the next generation of
collections management — all while championing positive customer outcomes, backed by
technology with a human touch. For more information, visit www.indebted.co

Media contact: Tasha Nabila | Senior Brand & Communications Manager | tasha.nabila@indebted.co
(Australia based)