What OmegaFi does

OmegaFi (legal name Omega Financial, LLC) is a privately held vertical SaaS company founded in 1992 and headquartered in Columbus, Georgia. The company provides purpose-built chapter management software exclusively for fraternities and sororities, serving both individual local chapters (the primary customer segment) and inter/national headquarters organizations. Its platform operates as an integrated suite of 13+ modules spanning five functional areas: Billing and Payments (LegFi, Vault, VaultPro, GRS, BillPay Pro, Vault Payroll), Member Engagement (OmegaOne mobile app with chat, calendar, emergency check-in), Member Platform (with Salesforce, Microsoft Dynamics 365, and Power BI integrations), Recruitment (OmegaRecruit, ICS, Extension App), and Finance/Compliance (990Pro tax filing, Fulfillment services).

The platform is delivered as a cloud-based SaaS hosted in OmegaFi's own data centers with mirrored off-site Class III/IV co-location facilities, browser-based interfaces, encrypted login, and PCI DSS compliance validated by TrustWave. Revenue is generated through a hybrid model combining subscription fees (annual billing for software modules), transaction fees (payment processing, ACH, wire, chargebacks, treasury card operations), professional services (customization, implementation, training), and managed services (VaultPro with dedicated financial team support). Additional revenue comes from payment facilitator relationships with Stripe and Propay, and banking partnerships with Republic Bank & Trust Company for the Officer Purchasing Visa Prepaid Card.

Go-to-market is sales-led with self-serve top-of-funnel (free trial, get access, demo CTAs), supported by direct enterprise sales for larger inter/national headquarters accounts and a top-down distribution channel where national organizations mandate OmegaFi adoption across their constituent chapters. Key certifications include PCI DSS compliance, Visa Global Registry listing (2021), BBB accreditation, and Greek Licensing official product status. The company has worked with hundreds of fraternities and sororities to improve their membership experience, and one public customer reference is Phi Kappa Psi at Florida State University. OmegaFi received private equity investment from Aquiline Capital Partners in 2015, and legal communications route through a TogetherWork-associated domain, suggesting potential corporate affiliation within a Greek-life software platform group.

Name

OmegaFi

Legal name

Omega Financial, LLC

Website

https://omegafi.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

OmegaFi is a private vertical SaaS company providing purpose-built chapter management software — covering billing, payments, member engagement, recruitment, and financial compliance — exclusively for fraternities and sororities, serving hundreds of local chapters and inter/national headquarters across U.S. colleges and universities.

Ownership category

akta.pro rank

Product category

Chapter Management Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Membership Organizations (8600), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Billing, Tuition, Fees & Payments (including Cafeteria/Meal Accounts) (EDAFAEAN)

akta.pro secondary industries

Student Enrollment, Admissions, Registration & Lottery Systems (EDAFAEAE), Student Billing, Invoicing & Account Statements (EDALAJAC), Benefits Administration & Total Rewards Outsourcing (BPACAKAE), Benefits Administration & Enrollment Support (BPAAAIAB)

Keywords

• Chapter management software
• Fraternity financial management
• Sorority dues collection
• Greek organization SaaS
• Member engagement platform

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Subscription Software Fees: Customers pay subscription fees for access to software modules (Vault, LegFi, OmegaOne, Compass, BillPay Pro, etc.) as specified in Order Forms. Fees are paid in advance according to the billing frequency stated, with all payment obligations being non-cancelable and non-refundable.
2. Payment Processing Fees: Fees charged for processing credit/debit card payments (Merchant Discount Fee), ACH/e-check payments (E-Check Fee), and check payments. Additional fees apply for wire transfers, chargebacks, bounced checks, and other unique financial transactions.
3. Treasury Account and Card Fees: Fees associated with treasury accounts and Visa prepaid cards for chapter officers, including replacement card fees, expedited shipping, cross-border transaction fees, foreign exchange fees, and dispute fees.
4. Professional Services: Customization services, implementation services, and other professional services billed at hourly rates as specified in Statements of Work. Includes project management, training, and change order work.
5. Tax Filing Services (990Pro): Service engaging accountants and advisors to file IRS tax documents for customer organizations, with separate engagement letters governing terms.
6. Managed Financial Services (VaultPro): Managed financial services adding dedicated team support for bank account reconciliation, financial statements, budget management, payroll, and tax preparation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

OmegaFi provides a purpose-built, cloud-based chapter management SaaS platform for U.S. fraternities and sororities. Its modular suite covers dues billing and payment processing, accounts receivable/payable, full financial accounting (Vault/VaultPro/LegFi/BillPay Pro/GRS), IRS Form 990 tax filing (990Pro), payroll (Vault Payroll), member engagement via mobile app (OmegaOne), membership and donor records (Compass), recruitment and voting (OmegaRecruit/ICS), website creation (OmegaSites), and campus extension management. Revenue is generated through recurring subscriptions, payment processing fees, managed financial services, and tax/payroll service engagements.

Product overview

OmegaFi is a purpose-built chapter management software platform designed specifically for fraternities and sororities. The platform operates as a modular SaaS architecture consisting of multiple integrated products: the core Member Platform (using Salesforce and Microsoft Dynamics 365/Power BI integrations) serves as the membership management hub, connected to financial management solutions including LegFi (accounts receivable), Vault/VaultPro (comprehensive financial operations with payroll), GRS (full financial management), and BillPay Pro (accounts payable). Member engagement is handled through OmegaOne (communication, events, mobile app), while recruitment is managed via OmegaRecruit and ICS. Additional add-on modules include OmegaSites (website creation), Extension App (campus extension management), 990Pro (tax filing), Fulfillment services, and Vault Payroll (third-party payroll). The platform processes payments through integrations with Stripe and Propay, and maintains PCI DSS compliance through TrustWave validation.

Differentiator

Problem solved

Functional benefit

Brands

• LegFi: Software for collecting dues, assessments and charges from members, and other accounts receivables.
• Vault
• VaultPro
• OmegaOne
• OmegaRecruit
• OmegaSites
• Compass
• BillPay Pro
• GRS
• ICS
• 990Pro
• Extension App
• Vault Payroll

Products and services

• Vault / VaultPro Comprehensive SaaS financial management software for fraternity and sorority chapters that handles both accounts receivable and accounts payable operations. VaultPro adds managed financial services with a dedicated OmegaFi team handling bank reconciliation, financial statements, budgeting, payroll, and 1099 preparation.
• LegFi SaaS software that helps fraternity and sorority chapters collect dues, assessments, and charges from members and other accounts receivables, with a browser interface and member portal for record updates and transactions.
• BillPay Pro Software-as-a-service accounts payable management tool hosted in OmegaFi's data center with browser interface, data encryption, and ongoing support for processing vendor payments and managing chapter accounts payable activity.
• OmegaOne Member engagement platform with communication, social, event management, and safety and security features, delivered through a mobile app with integrated chat, shared calendar, event attendance tracking, points system management, fast emergency check-in, and automated reminders.
• Compass Membership and donor records management SaaS CRM with browser interface for chapter administrators and a separate member portal for updating records and conducting business.
• OmegaRecruit / ICS (Interest Convergence System) Recruitment and voting management SaaS that helps chapters manage recruitment activities with automated matching, secure registration and payments, custom groups, photo directories, chapter selection management, user-friendly reporting, and fast mobile voting.
• OmegaSites Website creation and maintenance software that helps chapters produce and maintain a public-facing website with multiple design templates, custom URL addresses, and optional SSL certificates.
• 990Pro Service for engaging accountants and financial advisors to file IRS Form 990-N, 990-EZ, 990-T, 990, 1024, or other related tax documents for customer Greek organizations.
• Vault Payroll Payroll services for customer employees arranged through a third-party payroll services provider engaged by OmegaFi, including payroll garnishment services, overnight mail delivery, and state-mandated workman's compensation management.
• Extension App Software that helps Greek organizations manage extension opportunities on a particular college campus, allowing facilitation of unlimited extensions each year through a browser interface and member portal.
• Fulfillment Service associated with sending gift confirmations, payment reminders, past due notices, gift acknowledgments, and collecting funds donated to customer Greek organizations.
• Member Platform Cloud membership management platform offering three configuration options: Salesforce (cloud membership CRM), out-of-the-box chapter management software, and integration with Microsoft Dynamics 365 and Power BI.

Quantifiable outcome

• Increase dues payments by 20%

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature10 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Amazon Web ServicescoreTechnology or IntegrationAWS provides cloud-based computation, storage, and data solutions for OmegaFi's SaaS platform. Listed as a subprocessor in OmegaFi's Data Processing Agreement (Schedule 1), with infrastructure in the AWS US-East Region.
• Greek LicensingcoreOthersOmegaFi is an officially licensed product of Greek Licensing, the licensing body for Greek (fraternity and sorority) organizations. This licensing relationship is a key credential for market access and legitimacy within the Greek organization ecosystem.
• TrustWavecoreTechnology or IntegrationTrustWave is the leading provider of on-demand data security and PCI DSS compliance management solutions. They assess OmegaFi's network infrastructure, security, and perform PCI DSS validation to ensure compliance with payment card industry data security standards.
• Republic Bank & Trust CompanyminorOthersRepublic Bank & Trust Company, member FDIC, issues the Officer Purchasing Visa Prepaid Card pursuant to a license from Visa U.S.A. Inc. OmegaFi serves as the software platform managing these cards for fraternal organizations.
• VisacoreOthersVisa licenses the Officer Purchasing Visa Prepaid Card to Republic Bank & Trust Company for use within OmegaFi's platform. OmegaFi is on the Visa Global Registry list of service providers (2021), indicating formal recognition within the Visa ecosystem for payment processing services.
• NACHAminorOthersACH payment processing is governed by NACHA Operating Rules and Guidelines. OmegaFi is authorized to initiate credit and debit entries to customer bank accounts per NACHA rules.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Fonteva: Fonteva delivers association management software built natively on Salesforce, overlapping with OmegaFi's Salesforce-integrated Member Platform offering for membership organizations that prefer Salesforce-based architecture.
• WildApricot: WildApricot provides affordable membership management software for small associations and clubs, including dues collection and member databases — a lower-priced emerging alternative for smaller chapters and member organizations.

Direct peers

• PayGeeks: PayGeeks provides fraternity and sorority billing, dues collection, and chapter financial management — a focused direct competitor to OmegaFi's LegFi and Vault billing products within the same Greek-life vertical.
• GreekTrack: GreekTrack is a direct peer offering fraternity and sorority management software with recruitment, member tracking, and chapter operations tools, competing head-to-head with OmegaFi for collegiate Greek organization contracts.
• ChapterSpot: ChapterSpot is a direct competitor providing chapter management software for fraternities and sororities, including member management, dues collection, and communication tools — overlapping directly with OmegaFi's Vault, LegFi, and OmegaOne modules in the same target market.

Broad incumbents

• MemberClicks: MemberClicks offers membership management software for small-staff associations, providing member databases, event registration, and online communities — an adjacent incumbent competing for similar dues-collecting organizations.
• YourMembership: YourMembership (a TMA Solutions product) provides association management software with member engagement, events, and dues management — an adjacent competitor for the broader dues-collecting membership organization market.
• Blackbaud: Blackbaud is a large incumbent providing CRM, fundraising, and financial management software to nonprofits and membership organizations. While not Greek-life specific, it overlaps with OmegaFi's Compass (membership/donor CRM) and general member management capabilities.
• Anthology (Campus Management): Anthology provides enterprise SIS and campus operations software for higher education institutions, including student accounts and billing — a broader education-tech incumbent adjacent to OmegaFi's collegiate chapter billing focus.
• Personify: Personify provides association and membership management software including member databases, event management, and financial tools — a broader incumbent that competes for alumni associations and membership organizations adjacent to OmegaFi's market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/OmegaFi
• Facebookfacebook.com/323990697335
• LinkedInlinkedin.com/company/omegafi

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

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 OmegaFi