In January 2026, Luke Romyn launched Adebt Debt Recovery, a South African startup aimed at transforming the debt collection landscape. The company targets debts overdue for more than 90 days, employing a technology-driven approach to enhance recovery rates.
Revolutionizing Debt Collection
Adebt Debt Recovery specializes in assisting businesses with receivables often deemed unrecoverable. Romyn’s innovative four-step process simplifies debt recovery, making it more efficient for companies to reclaim lost funds.
Four-Step Recovery Process
- Step 1: Clients upload unpaid invoices and company details on the Adebt platform, avoiding cumbersome forms.
- Step 2: The platform analyzes each claim, focusing on recovery difficulty based on debt age.
- Step 3: A performance-based fee structure applies only if debt recovery is successful.
- Step 4: Certified debt recovery professionals negotiate with debtors and agree on repayment terms.
This streamlined process alleviates the burden on client companies, who no longer need to handle follow-ups or negotiations. Debtors can repay debts in installments, and Adebt ensures recovered funds are swiftly transferred back to clients.
Laying the Groundwork for Success
Luke Romyn is well-equipped for this venture. He holds a bachelor’s degree in finance and economics from the University of Cape Town, graduating in 2017. His prior experience includes serving as head of the trading desk at crypto exchange Blockkoin from 2022 to 2024. Romyn also worked as a risk analyst at Flagright, a firm specializing in financial crime prevention technologies, from August 2025 to January 2026.
Under Romyn’s leadership, Adebt Debt Recovery aims to turn overlooked receivables into liquid assets, enhancing financial stability for businesses across South Africa. With a commitment to leveraging digital tools in its operations, Adebt is poised to make a significant impact in the debt collection industry.
