Start-up founder steps down as CEO to combat existential threat from AI

Start-up founder steps down as CEO to combat existential threat from AI

By Tess Bennett
Publication Date: 2026-04-27 19:00:00

The founder and CEO of $350 million fintech InDebted, Josh Foreman, has stepped back from running day-to-day operations, saying he needs to focus on leading his technical teams through the disruption caused by artificial intelligence.

Foreman, a former software engineer, founded InDebted a decade ago as an online platform to help companies track debt. It has raised nearly $120 million from investors including industry giant Australian Retirement Trust and venture capital firms Airtree Ventures, Reinventure, Carthona Capital and Perennial.

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