MONTREAL--(BUSINESS WIRE)--Lexop, the Montreal-based FinTech, SaaS startup that simplifies in-house collections, has been awarded the 2021 Innovation of the Year prize by the Desjardins Momentum Fund. The award recognizes the nature of Lexop’s innovative projects and its technological advances. It rewards companies presenting technological advancements in either innovative production techniques, processes for supporting innovation over the long term, or innovation across multiple areas of the business.
With the rise of financial uncertainty post-COVID-19, Lexop plays a significant role in supporting large companies to adopt humane, innovative solutions in consumer financial health and solvency, all the while reducing expenses and improving customer retention. In Canada, Lexop’s software has contributed to exponential increase in self-curation rate and ROI for mid- to large enterprises.
“We are on a mission to remove friction from collections. We want to increase the number of lives our product can positively impact. This award will help Lexop further invest in talent acquisition and culture nurturing,” said Amir Tajkarimi, CEO at Lexop. “Digital transformation is a game changer in today’s day and age, and a great opportunity for major service industry players to reinvent their collection processes by empowering customers to self-cure. We are results-driven and very proud of it.”
“By offering a more humane, flexible and modern solution to collect the overdue accounts of your customers, Lexop helps improve the customer experience and loyalty,” said Matthieu Campbell, Director at Desjardins. “Therefore, Desjardins is proud to support Lexop in its professional projects.”
The Momentum Fund aims to help businesses accelerate growth and create quality jobs. Each application is submitted by Desjardins employees and is carefully evaluated by a Management Committee that will select the companies to be awarded. To qualify for funding, a project must fall under one of the fund's nine categories, which include business succession planning, access to foreign markets, and digital transformation.
Lexop is a Montreal-based venture-backed FinTech whose mission is to help companies remove friction from collections by providing the most intuitive self-service payment experience to their past-due customers. Our SaaS solution offers the benefits of personalized outreach at scale while affording consumers the flexibility to choose the payment scheme that best fits their situation. Learn more at www.lexop.com.