Eltropy, a Santa Clara, CA-based AI-powered unified conversations platform for community financial institutions (CFIs), announced the acquisition of Lexop, a collections technology provider.
The amount of the deal was not disclosed.
By combining Lexop’s innovative technology with Eltropy’s AI-powered communications platform, the partnership will modernize debt repayment and collections, helping CFIs reduce and prevent delinquencies, collect faster while enhancing borrower experiences.
Led by CEO Amir Tajkarimi, Lexop provides collections technology that puts members first, helping credit unions work more effectively with members facing past-due challenges. Through digital tools and clear communication options, Lexop enables credit unions to maintain relationships with members while resolving collection issues.
Led by CEO Ashish Garg, Eltropy is a provider of a conversations platform for community financial institutions (CFIs). Its AI-driven communications tools empower CFIs to communicate, automate, improve operations and engagement, and increase productivity across the institution.
FinSMEs
06/01/2025