February 20, 2019 – TrueAccord, a San Francisco-based FinTech company, announced today it will invest $1.34 million in a new shared services operation in Lenexa.
“We chose the greater Kansas City area after a thorough nationwide search. We reviewed factors such as ease of travel, cost of doing business and the local culture. Ultimately, our decision came down to the ability to attract top talent to meet our growing business needs,” said Sheila Monroe, chief operating officer, TrueAccord. “The expansion and our new team members will help to further the TrueAccord mission to modernize and improve the debt recovery marketplace.”
TrueAccord will create more than 150 jobs in a 12,000-sq.-ft. office space at 16011 College Boulevard in Lenexa.
“We are thrilled by TrueAccord’s decision to locate in Lenexa, and are grateful to all the partners who worked hard to get this deal done,” said David Toland, Acting Secretary of the Kansas Department of Commerce. “We know TrueAccord will find a strong and supportive business environment in Johnson County and the Kansas City metro area, and we look forward to helping them continue to grow and prosper in the years ahead.”
Headquartered in Silicon Valley, TrueAccord bridges the gap between the creditor and the roughly 77 million Americans who have debt in collection. The TrueAccord platform was built with the goal of disrupting debt collection with AI, transparency, and most importantly – compassion.
“We are pleased that TrueAccord has chosen Lenexa for their new facility and are proud to welcome them into our corporate community.” said Blake Schreck, President of the Lenexa Chamber of Commerce.
KCADC was proud to work with a number of regional partners in attracting TrueAccord to the region including the Kansas Department of Commerce, State of Kansas, Lenexa Economic Development Council, Evergy, Kansas Gas Service and Nick Suarez with Newmark Grubb Zimmer.
“TrueAccord’s corporate culture is a great fit with the culture of the KC region,” said Tim Cowden, president and CEO of the Kansas City Area Development Council. “KC also has the financial base and technology components needed to support a growing FinTech business.”
Created in 2013 by Silicon Valley tech veterans, TrueAccord is an automated debt recovery platform that bridges the gap between the creditor and those in debt. TrueAccord works with small and large businesses to recover the billions of dollars in lost revenue and works with those in debt to create flexible payments solutions. TrueAccord has developed a fully automated system that uses behavioral analytics, machine learning and a humanistic approach to help transform the historical antiquated debt recovery industry. For more information, please visit: https://www.trueaccord.com/.
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