Sharetec
Sharetec Systems Inc. is a privately held, Evergreen Services Group-backed provider of web-based core processing and digital banking software built exclusively for credit unions. Its Sharetec Velocity core and Sharetec On-the-Go digital banking platform serve nearly 300 credit unions and 1.5 million members across the US, territories, and the Caribbean.
- Company typePrivate
- Founded1993
- HeadquartersMinnesota City, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Sharetec does
Sharetec Systems Inc. is a privately held provider of web-based core processing and digital banking software built exclusively for credit unions. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company operates as a portfolio company of Evergreen Services Group, which consolidated four legacy credit-union software distributors (Bradford-Scott Data, Data Systems of Texas, NDS-Sharetec, and GBS-Sharetec) into a single entity between 2020 and 2022. The platform serves nearly 300 credit unions across the United States, U.S. territories, and the Caribbean, reaching approximately 1.5 million end members.
The core product is Sharetec Velocity, a centrally hosted cloud-based core processing platform that handles account management, lending, accounting, back-office operations, and reporting, delivered as a SaaS subscription with managed API integrations. A modular product surface surrounds the core, including the Notebook integrated CRM, Advanced Analytics with a data warehouse, eServices for member self-service, Member Services for staff, a Lending Workspace, Accounting Solutions, and Back Office automation. Member-facing digital banking is delivered through Sharetec On-the-Go, a modern mobile and online platform featuring branded UI, push notifications, and an embedded fintech marketplace (ASA Live). The platform integrates with 25+ third-party providers spanning payments (OPN FedNow/RTP, Neural Payments, Plaid), lending (MeridianLink), engagement (Larky, Eltropy), fraud (Verafin, SHAZAM), and analytics (Lodestar, SavvyMoney).
Sharetec monetizes primarily through recurring SaaS subscriptions on a quote-based engagement model, supplemented by an annual Users Conference (the 2026 edition in Denver, September 20-23) that serves as a major GTM and customer engagement event with tiered sponsorship. Distribution is direct (field sales, inside sales, and demo-driven inbound), with the integration partner network acting as a co-marketing and referral channel. Recent strategic moves include a C-suite overhaul (CEO Rachel Collins, CTO Scott Abramson, CISO Rob Zelinka, CRO Gary Napotnik), the launch of ASA Live (October 2025), the On-the-Go Mobile relaunch (2024), and the parent's acquisition of Lodestar Technologies (2025).
Sharetec firmographics
Firmographics- Name
- Sharetec
- Legal name
- Sharetec Systems Inc.
- Website
- https://sharetec.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Sharetec Systems Inc. is a privately held, Evergreen Services Group-backed provider of web-based core processing and digital banking software built exclusively for credit unions. Its Sharetec Velocity core and Sharetec On-the-Go digital banking platform serve nearly 300 credit unions and 1.5 million members across the US, territories, and the Caribbean.
- Ownership category
- akta.pro rank
Sharetec industry classification
Industry- Product category
- Core Banking Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
Keywords
Where Sharetec is headquartered
LocationHeadquarters
- HQ city
- Minnesota City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sharetec business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Core Processing Software Subscription: SaaS-based subscription model for core processing software. Credit unions pay for access to Sharetec Velocity platform, digital banking, and integrated modules. Subscription includes centrally hosted infrastructure, updates, and support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Annual Users Conference Registration |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Sharetec product offering
Product offeringCore offering
Sharetec provides cloud-based, centrally hosted web application core processing software exclusively for credit unions. Its primary platform, Sharetec Velocity, delivers account management, lending, reporting, and integrates with third-party vendors. The offering is modular and includes digital banking (Sharetec On-the-Go), Notebook CRM, Advanced Analytics, eServices, Member Services, Lending Workspace, Accounting, and Back Office Solutions.
Product overview
Sharetec is a modular web-based core processing platform specifically designed for credit unions. The platform centers on Sharetec Velocity, the core banking system that provides foundational account management, lending, and reporting capabilities. Digital banking is delivered through Sharetec On-the-Go, a modern mobile and online banking platform. Premium add-on modules include Notebook (integrated CRM and collaboration), Advanced Analytics (reporting and dashboards), eServices (online/mobile self-service tools), Member Services (employee-facing transaction tools), Lending Workspace (loan origination and management), Accounting Solutions (financial management and compliance), and Back Office Solutions (operational automation). The architecture enables incremental growth and customization while maintaining a unified system with managed API integrations.
Differentiator
Problem solved
Functional benefit
Brands
- Sharetec Velocity: Centrally hosted, digital core processing platform with features including Notebook (CRM) and Advanced Analytics.
- Sharetec On-the-Go
- Notebook
Quantifiable outcome
- 40% minimum savings in core expenses (testimonial from POECU)
- +3 more outcomes
Companies that use Sharetec
Customer profileNamed customers17 records
Segments1 record
Ideal customer profiles1 record
Sharetec technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration20 records
Feature6 records
Sharetec partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- ASAcoreASA Vault embedded fintech app store integrated into Sharetec On-the-Go digital banking. Tokenized/anonymized data sharing eliminates fraud risk. Provides marketplace of vetted fintech products. Early adopters include River Community CU and Southern Chautauqua FCU.
- Neural PaymentscoreMarket-leading P2P payment innovations for credit unions. Sender-driven model eliminates receiver coordination. Includes proprietary Fraud Rules Engine with customizable triggers and real-time automation.
- OPN (Open Payment Network)core#1 ranked overall instant payment network. Delivers FedNow and RTP instant payments. Features include fraud controls, extended remittance, API workflow, directory service, enhanced reporting, 24/7/365 availability.
- PlaidcoreAccount funding integration enabling instant authentication and verification. Links applications to funding sources in 7 seconds via Plaid Link. Covers 12K+ financial institutions. Customers see 130% boost in conversion rate.
- LarkycoreMember engagement through push notifications. nudge Basic/Enhanced integrated into mobile banking. 7x more engagement than traditional marketing, 90% delivery rate. Increases deposits, stops fraud, boosts card usage.
- MeridianLinkcoreDigital lending solutions with MeridianLink Consumer LOS. End-to-end digital loan origination supporting direct, indirect, credit card, personal, HELOC, business loans. 1000+ configuration points, automated decisioning.
- SavvyMoneycoreCredit score and financial solutions integration. Instant credit score access, full credit reports, personalized offers, financial education. SWECU booked $9.3M+ loans in 18 months using SavvyMoney widget.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Sharetec competitors and assessment
Company assessmentDirect peers
- Corelation: Corelation is a credit-union-only core processing platform (KeyStone) serving a similar mid-market and small-to-mid credit union segment with a comparable value proposition of modern, integrated core technology for CUs.
- Alkami Technology: Alkami provides a digital banking platform serving credit unions and community banks — directly comparable to Sharetec On-the-Go's digital and mobile banking layer for the same customer base.
- CU*Answers: CU*Answers is a credit-union CUSO offering core processing and digital services to small and mid-sized credit unions, mirroring Sharetec's credit-union-only focus and cooperative-style positioning.
Broad incumbents
- Jack Henry & Associates: Jack Henry provides core and digital banking platforms (including Symitar for credit unions) and is one of the largest incumbents Sharetec competes against; it serves both credit unions and banks across the U.S.
- Fiserv: Fiserv (with DNA, Precision, and other core platforms) is a large incumbent offering core and digital banking for both credit unions and banks, often bundled with payments and processing at enterprise scale.
- FIS: FIS is a global financial technology incumbent with core banking platforms (e.g., MISER, IM/ImageCenter) that serve large credit unions and banks, representing the larger end of Sharetec's competitive set.
- Temenos: Temenos is a global core banking software provider whose cloud-native core competes with Sharetec's Velocity for credit unions and smaller banks seeking modern, modular platforms.
Others
- MeridianLink: MeridianLink provides a lending platform (Consumer LOS) that Sharetec integrates with; it is a key ecosystem partner and adjacent competitor in the digital lending workflow layer used by credit unions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sharetec social profiles
Digital presenceSharetec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sharetec leadership team
Management profileNumber of profiles
Profiles6 records
Sharetec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sharetec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sharetec
What does Sharetec do?
Sharetec provides cloud-based, centrally hosted web application core processing software exclusively for credit unions. Its primary platform, Sharetec Velocity, delivers account management, lending, reporting, and integrates with third-party vendors. The offering is modular and includes digital banking (Sharetec On-the-Go), Notebook CRM, Advanced Analytics, eServices, Member Services, Lending Workspace, Accounting, and Back Office Solutions.
Is Sharetec a public or private company?
Sharetec is a private company. It is classified as private equity controlled and is currently operating.
When was Sharetec founded?
Sharetec was founded in 1993. It employs 101 to 250 people.
Where is Sharetec based?
Sharetec is headquartered in Minnesota City, United States, in the North America region.
How does Sharetec make money?
One revenue line is on record: core Processing Software Subscription.
Who are Sharetec's main competitors?
Direct peers on record are Corelation, Alkami Technology and CU*Answers. Broad incumbents are Jack Henry & Associates, Fiserv, FIS and Temenos. MeridianLink is listed as an others.
Does Sharetec have an API?
Yes. Sharetec Velocity features a managed API that integrates with leading third-party vendors. The platform enables seamless integration with a single password and user ID, eliminating the need to log into multiple platforms. The Open API allows credit unions to offer digital functionality including instant credit scoring paired with loan offers and text message notifications for account activity.
What industry is Sharetec in?
Sharetec's product category is Core Banking Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts). Its NAICS code is 518.