Sharetec

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).

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

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

• Core processing software
• Credit union banking
• Digital banking platform
• Cloud-based core
• Lending management software

Headquarters

HQ city

Minnesota City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core 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

Named customers17 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• ASAcoreTechnology or IntegrationASA 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 PaymentscoreTechnology or IntegrationMarket-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)coreTechnology or Integration#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.
• PlaidcoreTechnology or IntegrationAccount 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.
• LarkycoreTechnology or IntegrationMember 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.
• MeridianLinkcoreTechnology or IntegrationDigital 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.
• SavvyMoneycoreTechnology or IntegrationCredit 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

Direct 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

• Xx.com/_Sharetec

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sharetec