The hearX Group's Lexie Hearing is in exceptional company as one of TIME's 100 Most Influential Companies globally. Listed in the Leaders category alongside the likes of SpaceX and Patagonia, the highly coveted accolade recognises the enormous global impact of Lexie Hearing in revolutionising how people access hearing healthcare.
First published in 1999, TIME100 Companies are selected based on nominations from across sectors and the publication's global network of contributors and correspondents, plus outside experts. Companies are evaluated based on key features, including impact, innovation, ambition, and success, among others. The result is a diverse group of businesses that are charting an essential path forward.
The excerpt on Lexie Hearing reads as follows -
Millions of Americans who could benefit from hearing aids don’t use them because of issues like stigma and cost, so when the FDA approved over-the-counter sales of hearing devices for the first time in 2022, experts hailed it as an opportunity to expand access and save customers thousands of dollars.
A shrewd partnership with Bose and distribution in 12,000 stores across the U.S. helped hearing-aid maker Lexie Hearing leap ahead of the pack. It now expects to earn $60 million in revenue and expand to many more stores this year.
But COO Seline van der Wat says customer service is key to Lexie’s success. “We don’t just get hearing aids into people’s ears,” she says. “We keep them there.”
What an incredible honour for an incredible team. We cannot be more proud to be an investor in this impactful African-born technology business taking the world by storm!
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