A Silicon Valley startup founded by tech veterans announced today a new 12,000-square-foot shared services operation in Lenexa, pledging 150 new jobs as part of the $1.34 million TrueAccord investment.
Selecting the Kansas City metro for the project followed a thorough nationwide search, said Sheila Monroe, chief operating officer of TrueAccord, an automated debt recovery platform that bridges the gap between the creditor and those in debt.
“We reviewed factors such as ease of travel, cost of doing business and the local culture,” she said. “Ultimately, our decision came down to the ability to attract top talent to meet our growing business needs.”
The expansion and new team members are expected to help further the TrueAccord mission to modernize and improve the debt recovery marketplace, Monroe added.
With about 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, according to the company.
“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.”
KCADC worked to attract TrueAccord to the region alongside the Kansas Department of Commerce, State of Kansas, Lenexa Economic Development Council, Evergy, Kansas Gas Service and Nick Suarez with Newmark Grubb Zimmer.