TrueAccord, a San Francisco-based fintech company, will invest $1.34 million in a new shared services operation in Lenexa, Kansas.

According to Kansas City Area Development Council, TrueAccord will create more than 150 jobs in a 12,000-sq.-ft. office space at 16011 College Boulevard 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 atTrueAccord.

“The expansion and our new team members will help to further the TrueAccord mission to modernize and improve the debt recovery marketplace,” she added.

“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.

“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 said it 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.

“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.