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Lexop

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uuid00034eb

Namestring
Lexop
Legal namestring
Lexop
Websiteurl
lexop.com
Company typeenum
Private
Founded yearint
2016
Descriptiontext

Lexop is a Canadian fintech company founded in 2016 and headquartered in Montreal, Quebec, that built digital payment and collection solutions specifically for credit unions and community financial institutions across North America. Its core product enabled two-click, mobile-based loan repayments and modernized legacy collections workflows, delivering documented transaction cost reductions of 15-40% for client institutions. The platform was integrated with Eltropy's AI-powered communications platform following Eltropy's January 2025 acquisition of Lexop, creating a unified self-serve offering for loan repayments and collections targeting the community financial institution segment.

Short descriptiontext

Lexop is a Montreal-based fintech that provided digital payment and collection solutions for credit unions and community financial institutions, enabling two-click mobile loan repayments. The company was acquired by Eltropy in January 2025 and now operates as part of Eltropy's AI-powered communications platform.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersMontréal, Canada
HQ citystring
Montréal
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
digital payment solutions, loan collection software, credit union fintech, mobile loan repayments, collections automation
NAICS code1 code
  • Software Publishers513210
SIC code1 code
  • Services-Prepackaged Software7372
Product category
Loan Collection Software
Social media profiles2 records
Cost components4 values
Personnel, Technology or R&D, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Lexop built a SaaS digital payment and collection platform that enabled credit unions and community financial institutions to modernize loan repayments through a two-click mobile experience. The solution focused on self-serve collections, reducing manual effort and lowering transaction costs by 15-40% for its customers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 15-40% reduction in transaction costs through payments solution
+1 more record
Product overview1 text field

Lexop was a Canadian fintech company headquartered in Montreal, Quebec that provided digital payment and collection solutions for credit unions and community financial institutions. The company operated as a standalone product before being acquired by Eltropy in January 2025. Lexop's core offering was its digital payment and collection solutions platform, which integrated with Eltropy's AI-powered communications platform post-acquisition to create a unified self-serve offering for loan repayments.

Product and service1 record
1Digital Payment and Collection Solutions
CategoryLoan Collection Software
Description

SaaS digital payment and collection platform for credit unions and community financial institutions, enabling two-click mobile-based loan repayments and reducing transaction costs by 15-40%.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Eltropy
Strategic tierCoreTypeTechnology or Integration
Description

Eltropy acquired Lexop in January 2025 to integrate Lexop's digital payment and collection solutions with Eltropy's AI-powered communications platform. The combined company creates a self-serve offering enabling two-click mobile-based loan repayments. Lexop now operates as part of Eltropy.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1MeridianLink
TypeBroad incumbent
Description

Loan origination and digital lending platform for financial institutions; provides loan lifecycle technology that overlaps with Lexop's loan repayment and collections focus.

2Candescent
TypeBroad incumbent
Description

Digital banking and core services provider for credit unions (formerly NCR Financial Services); broader incumbent serving the same customer base as Lexop with deeper core system integrations.

3Alkami Technology
TypeBroad incumbent
Description

Cloud-based digital banking platform for banks and credit unions; broader in scope than Lexop but competes for the same CFI technology budget and digital modernization initiatives.

4FIS
TypeBroad incumbent
Description

Large financial technology provider offering core banking, payments, and digital solutions across the industry; serves credit unions as part of its broad portfolio and represents a potential expansion threat into Lexop's niche.

5Payrailz
TypeDirect peer
Description

Digital payment and money movement platform purpose-built for community banks and credit unions, closely comparable to Lexop's mobile-first digital payments and collections offerings in both product and customer base.

6Posh Technologies
TypeDirect peer
Description

Conversational AI platform serving credit unions and community banks; shares Lexop's focus on AI-enabled member engagement and digital self-service within the CFI segment.

7Glia
TypeDirect peer
Description

Digital customer service and engagement platform serving banks and credit unions, providing SaaS-based tools that overlap directly with Lexop's mission to digitize and modernize CFI member interactions.

8Eltropy
TypeBroad incumbent
Description

Acquirer of Lexop and now its parent company; Eltropy provides an AI-powered communications platform for credit unions and community financial institutions, with broader scope (voice, text, video, AI) than Lexop's collections-focused offering.

9nCino
TypeBroad incumbent
Description

Cloud-based banking platform with strong lending capabilities serving financial institutions including credit unions; broader portfolio but addresses the same loan servicing and digital transformation priorities.

10Jack Henry & Associates
TypeBroad incumbent
Description

Established fintech providing core processing, digital banking, and payment solutions including dedicated credit union offerings; broader incumbent competing for CFI technology spend.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors7 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lexop

Loan Collection Softwarelexop.com

Lexop is a Montreal-based fintech that provided digital payment and collection solutions for credit unions and community financial institutions, enabling two-click mobile loan repayments. The company was acquired by Eltropy in January 2025 and now operates as part of Eltropy's AI-powered communications platform.

What Lexop does

Lexop is a Canadian fintech company founded in 2016 and headquartered in Montreal, Quebec, that built digital payment and collection solutions specifically for credit unions and community financial institutions across North America. Its core product enabled two-click, mobile-based loan repayments and modernized legacy collections workflows, delivering documented transaction cost reductions of 15-40% for client institutions. The platform was integrated with Eltropy's AI-powered communications platform following Eltropy's January 2025 acquisition of Lexop, creating a unified self-serve offering for loan repayments and collections targeting the community financial institution segment.

Lexop firmographics

Firmographics
Name
Lexop
Legal name
Lexop
Website
https://lexop.com
Company type
Private
Founded year
2016
Operating status
Acquired
Headcount range
11–50 employees
Short description
Lexop is a Montreal-based fintech that provided digital payment and collection solutions for credit unions and community financial institutions, enabling two-click mobile loan repayments. The company was acquired by Eltropy in January 2025 and now operates as part of Eltropy's AI-powered communications platform.
Ownership category
akta.pro rank

Where Lexop is headquartered

Location

Headquarters

HQ city
Montréal
HQ country
Canada
HQ region
North America

Markets served

Lexop business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations

Lexop product offering

Product offering

Core offering

Lexop built a SaaS digital payment and collection platform that enabled credit unions and community financial institutions to modernize loan repayments through a two-click mobile experience. The solution focused on self-serve collections, reducing manual effort and lowering transaction costs by 15-40% for its customers.

Product overview

Lexop was a Canadian fintech company headquartered in Montreal, Quebec that provided digital payment and collection solutions for credit unions and community financial institutions. The company operated as a standalone product before being acquired by Eltropy in January 2025. Lexop's core offering was its digital payment and collection solutions platform, which integrated with Eltropy's AI-powered communications platform post-acquisition to create a unified self-serve offering for loan repayments.

Differentiator

Problem solved

Functional benefit

Products and services

  • Digital Payment and Collection Solutions SaaS digital payment and collection platform for credit unions and community financial institutions, enabling two-click mobile-based loan repayments and reducing transaction costs by 15-40%.

Quantifiable outcome

  • 15-40% reduction in transaction costs through payments solution
  • +1 more outcomes

Companies that use Lexop

Customer profile

Segments2 records

Ideal customer profiles1 record

Lexop technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Lexop partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • EltropycoreTechnology or IntegrationEltropy acquired Lexop in January 2025 to integrate Lexop's digital payment and collection solutions with Eltropy's AI-powered communications platform. The combined company creates a self-serve offering enabling two-click mobile-based loan repayments. Lexop now operates as part of Eltropy.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Lexop competitors and assessment

Company assessment

Broad incumbents

  • MeridianLink: Loan origination and digital lending platform for financial institutions; provides loan lifecycle technology that overlaps with Lexop's loan repayment and collections focus.
  • Candescent: Digital banking and core services provider for credit unions (formerly NCR Financial Services); broader incumbent serving the same customer base as Lexop with deeper core system integrations.
  • Alkami Technology: Cloud-based digital banking platform for banks and credit unions; broader in scope than Lexop but competes for the same CFI technology budget and digital modernization initiatives.
  • FIS: Large financial technology provider offering core banking, payments, and digital solutions across the industry; serves credit unions as part of its broad portfolio and represents a potential expansion threat into Lexop's niche.
  • Eltropy: Acquirer of Lexop and now its parent company; Eltropy provides an AI-powered communications platform for credit unions and community financial institutions, with broader scope (voice, text, video, AI) than Lexop's collections-focused offering.
  • nCino: Cloud-based banking platform with strong lending capabilities serving financial institutions including credit unions; broader portfolio but addresses the same loan servicing and digital transformation priorities.
  • Jack Henry & Associates: Established fintech providing core processing, digital banking, and payment solutions including dedicated credit union offerings; broader incumbent competing for CFI technology spend.

Direct peers

  • Payrailz: Digital payment and money movement platform purpose-built for community banks and credit unions, closely comparable to Lexop's mobile-first digital payments and collections offerings in both product and customer base.
  • Posh Technologies: Conversational AI platform serving credit unions and community banks; shares Lexop's focus on AI-enabled member engagement and digital self-service within the CFI segment.
  • Glia: Digital customer service and engagement platform serving banks and credit unions, providing SaaS-based tools that overlap directly with Lexop's mission to digitize and modernize CFI member interactions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Lexop social profiles

Digital presence

Lexop financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lexop leadership team

Management profile

Number of profiles

Profiles3 records

Lexop funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lexop M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lexop

What does Lexop do?

Lexop built a SaaS digital payment and collection platform that enabled credit unions and community financial institutions to modernize loan repayments through a two-click mobile experience. The solution focused on self-serve collections, reducing manual effort and lowering transaction costs by 15-40% for its customers.

Is Lexop a public or private company?

Lexop is a private company. It is classified as corporate owned and is currently acquired.

When was Lexop founded?

Lexop was founded in 2016. It employs 11 to 50 people.

Where is Lexop based?

Lexop is headquartered in Montréal, Canada, in the North America region.

Who are Lexop's main competitors?

Broad incumbents on record are MeridianLink, Candescent, Alkami Technology, FIS, Eltropy, nCino and Jack Henry & Associates. Direct peers are Payrailz, Posh Technologies and Glia.

Does Lexop have an API?

No public API is recorded for Lexop.

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Live signals
FinTech FuturesEltropy acquires Canada’s Lexop to modernise collections for credit unionsDigital communications platform Eltropy has acquired Canadian fintech Lexop to modernize loan repayments and collections for credit unions and other community financial institutions in North America. The deal will integrate Lexop's digital payment and collection solutions with Eltropy's AI-powered communications platform to create a self-serve offering enabling two-click mobile-based loan repayments. The combined company will operate between Eltropy's Santa Clara, California headquarters and Lexop's Montreal, Quebec headquarters, with financial terms undisclosed.GlobeNewswireEltropy Acquires Lexop to Modernize Loan Repayment and Collections for Credit Unions and Community BanksEltropy acquired Lexop, a collections technology provider, to modernize loan repayment and collections for credit unions and community banks. The combination integrates Lexop's self-serve payment tools with Eltropy's AI-driven communications platform, aiming to reduce delinquencies and improve recovery rates. Financial terms were not disclosed.FinancialContent Business PageREPAY Integrates with Lexop to Provide Seamless Payments for Credit UnionsREPAY Holdings announced an integration with Lexop, a credit union collections software, to enable seamless payment collection. The integration allows debit card, ACH, text, mobile, and IVR payments, with real-time payment data sent back to Lexop. The partnership aims to reduce loan servicing costs and improve member engagement.PR NewswireRemind Me! 55% of Americans Want to be Notified One Week Before Bills Are Due, Survey RevealsLexop, a Montreal-based financial technology company, released survey results on March 28, 2023, revealing that 55% of overdue American consumers want to be reminded one week before bills are due, while 73% said a simplified digital experience would make paying late bills easier.FinSMEsLexop Closes Expansion Round Of Undisclosed AmountMontreal-based Lexop closed an expansion funding round led by Companyon Ventures. The company plans to use the undisclosed capital to expand its self-service debt repayment software platform across North America.