Investment in InDebted’s UAE entity to establish a regional hub and extend services across key sectors
Meedaf, the ADGM-based financial services platform, has announced a strategic partnership with InDebted, an Australia-headquartered provider of AI-driven debt collection solutions.
Under the agreement, Meedaf will invest in InDebted’s UAE entity to support the fintech’s regional expansion. The move aims to strengthen InDebted’s presence in the UAE by establishing a regional hub and extending services across the banking, financial services, government, and telecommunications sectors.
The collaboration combines Meedaf’s regional expertise and networks with InDebted’s technology-led approach to debt resolution, leveraging AI-powered tools to deliver scalable, empathetic, and consumer-focused solutions.
Abdulla Abdul Aziz AlShamsi, Managing Director and CEO of Meedaf, commented:
“Our collaboration with InDebted brings together deep local knowledge with cutting-edge global expertise in debt resolution. Together, we will provide financial institutions and their customers with solutions that are not only more efficient, but also empathetic and empowering, helping individuals regain control of their financial wellbeing while fostering sustainable growth across the sector.”
Josh Foreman, Founder and CEO of InDebted, added:
“Debt often crosses borders and creates complexities that many providers are unable to address. InDebted’s global reach uniquely positions us to meet these challenges and deliver meaningful solutions to organisations throughout the GCC. By combining our AI-powered solutions with Meedaf’s market expertise, we will set a new benchmark for debt resolution that prioritises dignity, choice, and positive outcomes for consumers and businesses alike.”
This agreement marks the second partnership on the Meedaf platform, following its earlier joint venture with Brink’s to provide cash and valuables management services to financial institutions in the UAE.
