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Lexop

www.lexop.com link_icon

Company Research Report: Lexop



Company Overview



  • Name: Lexop

  • Mission of the Company: Lexop's mission is to empower past-due customers by providing them with the tools and resources to regain financial stability with dignity and autonomy. They aim to revolutionize the collections process to make it more effective, compassionate, and user-friendly.

  • Founded: 2016

  • Founders: Amir Tajkarimi and Michel Jamati

  • Key People:

  • Amir Tajkarimi, CEO & Co-Founder

  • Michel Jamati, CTO & Co-Founder

  • Michael Pupil, Vice President, Sales

  • Jonathan Jenin, Vice President, Engineering & Operations

  • Priscilia Enlow, Director, People Operations

  • Laura Chambers, Director, Marketing

  • Cindy Brochu, Director, Product Marketing

  • Adam Rockman, CPA, Finance Lead

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue of the Company: No information is available

  • What is the Company Known for: Lexop is known for its award-winning collection software, which helps credit unions and financial institutions engage and empower past-due members by facilitating payments and enabling self-service options.


Products



  • Products Offered:

  • Lexop Collection Software


  • High-Level Description of the Product: Lexop offers a digital collection platform that automates, engages, collects, and analyzes payment processes to optimize collections for credit unions and financial institutions. The platform prioritizes member well-being through flexible solutions and supportive communication.


  • Key Features:

  • Automate: Streamlines operations by reducing manual tasks, optimizing resource allocation, and scaling collections processes.

  • Engage: Utilizes empathy-driven communication, digital contact methods, personalized messages, and self-service options to enhance member engagement and satisfaction.

  • Collect: Integrates with existing finance systems, supports diverse payment methods, and improves bottom-line collections efficiency.

  • Analyze: Provides real-time data insights, customizable reports, and dashboards to enhance collections strategies and decision-making.


Recent Developments



  • Recent Developments in the Company:

  • Recognition by G2 as a High Performer in the Credit & Collections category in 2023.

  • Ensured expansion with Companyon Ventures leading a second investment round in 2022.


  • New Products Launched: No information is available


  • New Features Added to Existing Products: No information is available


  • Partnerships:

  • Partnered with Southwest Heritage Credit Union in November 2024 to elevate member payment experiences.

  • Welcomed Border Federal Credit Union as a client in November 2024 to expand digital collections capabilities.

  • Partnered with Foothill Credit Union in October 2024 and CoastLife Credit Union in August 2024 to enhance payment solutions and options.


Conclusion



Lexop continues to be a significant player in the financial technology space, leveraging its innovative collection software to transform the past-due member experience for credit unions and financial institutions. Through strategic partnerships and continuous enhancement of their digital solutions, Lexop is poised to maintain its leadership in the market for collections efficiency and member satisfaction.