Lexop, founded in 2016 and based in Montreal, Canada, specializes in digital collections software for the financial services sector. Originally a legal document delivery service, Lexop has evolved to provide a comprehensive digital-first collection solution. This includes automated customer outreach, self-service payment portals, and seamless payment processing. The platform features customizable templates and workflows, ensuring efficient collections processes.

In January 2025, Lexop was acquired by Eltropy, an AI-powered communications platform for community financial institutions. This acquisition enhances Lexop’s capabilities, allowing it to serve over 650 credit unions and community banks in North America. The combined strengths of Lexop and Eltropy aim to modernize loan repayment and collections, ensuring compliance and security while providing real-time reporting and proof of delivery for communications.