# InDebted founder Josh Foreman steps back from CEO role to lead AI and product strategy

> InDebted founder Josh Foreman is stepping down as CEO to lead the company's AI and product strategy, with an external search underway for his replacement. The fintech hit an $80M annual revenue run rate in March 2026, up 52% year-over-year.

- Type: AI news
- Page: https://completeaitraining.com/news/indebted-founder-josh-foreman-steps-back-from-ceo-role-to/
- Published: 2026-04-29
- Updated: 2026-04-29
- Author: Jeroen Erne
- Jobs: Executives and strategy
- Reading time: 2 min

### InDebted Founder Steps Back as CEO to Focus on AI Strategy

Josh Foreman is stepping down as chief executive of InDebted, the AI-powered debt collection fintech he founded in 2016, to lead the company's product, engineering and AI strategy as a dedicated founder role. The company has launched an external search for his replacement.

Foreman wrote InDebted's first line of code a decade ago. He said the shift reflects his belief that the rise of agentic AI requires technical founders to return to hands-on building rather than managing day-to-day operations.

"At my core, I am a builder," Foreman said. "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."

#### Financial Performance Supports the Shift

InDebted closed March 2026 with an annual revenue run rate above $80 million, up 52 percent year-over-year, and posted record monthly profitability. The company achieved operating profitability in February 2024.

InDebted raised $60 million in a Series C round led by Airtree Ventures in September 2024, valuing the business at $350 million. The company reported a 110 percent compound annual growth rate at the time of that raise.

#### What the New Structure Looks Like

Foreman will retain a board seat and oversee the company's technical roadmap. The incoming CEO will manage operations, sales, go-to-market execution and international expansion.

InDebted operates across seven countries, manages more than $2 billion in accounts and serves 3.6 million customers across six million active accounts. The company acquired German collections software provider Receeve at the end of 2024.

#### Recent Product Expansion

InDebted launched two new products in recent months after operating with a single core offering for most of its history. Release handles late-stage debt portfolios, while Comply focuses on ensuring compliance within AI-driven collections.

Craig Blair, partner and co-founder at Airtree, endorsed the transition. "InDebted moved early to an AI-first operating model, and the latest quarter's results prove it's working," Blair said. "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."

No timeline has been announced for the new CEO appointment.

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