What GreekBill does

GreekBill, founded in 1996, is a web-based financial management platform purpose-built for collegiate fraternities and sororities, and now operating under the unified re:Members brand as re:Members Choice Finance. The platform centralizes chapter financial operations including member dues invoicing, chapter expense management, payment processing (credit/debit, ACH, paper checks, Apple Pay), chapter budget planning, and tax preparation support, with specialized tools such as a Tax Prep Wizard paired with access to Certified Tax Accountants and a Budget Wizard with custom analytics. It serves as one product line within the broader re:Members suite, which also includes a Salesforce-backed CRM Platform (formerly ChapterSpot), Unified Finance payments (formerly Billhighway), Housing expense/property management, and Fundraising modules for chapters, alumni, and foundations.

The underlying technology is a web-based SaaS platform with integrations to chapter bank accounts for automatic syncing and reconciliation, pre-loaded purchase cards for authorized officers with online transaction reporting, electronic contract signing, and text-message-based invoice alerts. The platform supports the compliance needs of tax-exempt Greek organizations and interfaces with any existing database. Implementation is supported through webinars, videos, manuals, in-person training, and dedicated chapter account representatives.

GreekBill generates revenue through annual subscription billing, with pricing set on a quote basis reflecting organization size rather than publicly disclosed tiers. The go-to-market is enterprise field sales targeting both individual chapters and national Greek organizations, supplemented by content marketing, webinars, and demo-request conversion paths. The company lists more than 20 national Greek organizations as customers—including Alpha Chi Rho, Alpha Sigma Phi, Alpha Tau Omega, Chi Phi, Delta Gamma, Delta Sigma Phi, Delta Tau Delta, Lambda Chi Alpha, Phi Delta Theta, Phi Kappa Sigma, Phi Sigma Rho, Pi Kappa Alpha, Sigma Alpha Epsilon, Sigma Chi, Sigma Delta Tau, Sigma Phi Epsilon, Sigma Pi, Tau Kappa Epsilon, Theta Chi, Triangle, and Zeta Beta Tau—and operates exclusively in the U.S. from Troy, Michigan and McLean, Virginia with 11–50 employees.

Name

GreekBill

Website

https://greekbill.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

GreekBill (now re:Members Choice Finance) is a subscription-based financial management platform serving U.S. fraternities and sororities with chapter dues billing, expense management, payment processing, tax preparation, and budgeting tools, trusted by more than 20 national Greek organizations and operating within the broader re:Members suite.

Ownership category

akta.pro rank

Product category

Fraternal Financial Management Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Management Services (8741)

akta.pro primary industry

Greek Life (Fraternities & Sororities) (EDALAHAD)

akta.pro secondary industries

Bill Management & Subscription Management (FSAGADAG), Billing, Subscription & Revenue Management Infrastructure (FSAGABAM)

Keywords

• Fraternity financial management
• Dues billing software
• Chapter expense management
• Greek organization payments
• Fraternal tax preparation

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Financial Management Services: Subscription-based financial management services for fraternities and sororities including billing, payments, expense management, tax preparation, and banking sync

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

GreekBill is a web-based financial management platform that enables fraternities and sororities to invoice members for dues, accept payments via credit/debit cards, ACH, paper checks, and Apple Pay, manage and pay chapter expenses (housing, events, vendors), plan budgets, prepare and file chapter taxes with the help of certified tax accountants, sync chapter bank accounts for automatic reconciliation, sign contracts electronically, and issue pre-loaded purchase cards with transaction tracking. It is sold to Greek organizations at both the chapter and national organization levels on an annual subscription basis, supported by dedicated chapter representatives and an extensive training content library.

Product overview

re:Members is a unified platform offering multiple integrated solutions for fraternities and sororities. The core products include Choice Finance (formerly GreekBill) for comprehensive financial management including dues billing, chapter expenses, and payment processing; CRM Platform (formerly ChapterSpot) leveraging Salesforce for member management; Unified Finance (formerly Billhighway) for payment solutions; Housing for property management; and Fundraising tools. These products operate as an integrated suite targeting the Greek community's operational needs.

Differentiator

Problem solved

Functional benefit

Brands

• Choice Finance: Payment and financial management solution for fraternities and sororities, formerly known as GreekBill.

Products and services

• Choice Finance (formerly GreekBill) Core financial management platform for fraternities and sororities that enables chapter billing, dues collection, expense management, and payment processing including credit/debit, ACH, checks, and Apple Pay; includes purchase cards, budget wizard, tax prep wizard with certified tax accountants, chapter bank sync, electronic contract signing, and SMS invoicing alerts.
• CRM Platform (formerly ChapterSpot) Member management platform powered by Salesforce combined with a member portal for managing fraternity and sorority members and contacts.
• Unified Finance (formerly Billhighway) Payment solutions designed for fraternities and sororities, formerly known as Billhighway.
• Housing Housing expense control and property management solution for fraternities and sororities.
• Fundraising Fundraising solution for chapters, alumni, and foundations.

Quantifiable outcome

• Clients save valuable time and money through increased collections and efficient billing solutions

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• OmegaFi: OmegaFi is a long-standing direct competitor providing dues billing, payment processing, and chapter financial management specifically for fraternities and sororities — the closest functional analog to GreekBill/Choice Finance in the Greek vertical.
• GreekTrack: GreekTrack offers chapter management software for fraternities and sororities including financial tracking, member management, and event tools — overlapping with Choice Finance on the financial-management use case for the same Greek chapter buyer.

Broad incumbents

• Billhighway (now re:Members Unified Finance): Billhighway was a leading Greek-life payment and chapter finance platform prior to being folded into re:Members as Unified Finance. Now a sibling product, it remains a direct functional competitor in dues collection and chapter expense management.
• Impexium (now re:Members AMS): Impexium is an association management platform (now re:Members AMS) serving member-based organizations including fraternal groups. It competes for association-level fraternal finance and membership workflows at a broader scale than GreekBill's chapter-level focus.
• Bill.com: Bill.com is a mainstream SMB bill payment, AP automation, and invoicing platform. Chapters could substitute Bill.com for part of GreekBill's expense-management and dues-billing functionality, representing a horizontal competitive threat.
• QuickBooks: QuickBooks is the dominant SMB accounting platform. While it lacks Greek-specific features (tax-prep wizard, chapter bank sync, purchase cards), it represents the default alternative for chapters seeking a general-purpose financial management tool.

Emerging players

• ChapterSpot (now re:Members CRM Platform): ChapterSpot was a Greek chapter and member management platform (now re:Members CRM Platform). It is a sibling product under re:Members but historically competed with GreekBill by offering member-centric workflows that complement chapter finance.
• Phired Up: Phired Up provides Greek-life recruitment, retention, and chapter operations software. While its core focus is recruitment, its broader chapter-operations suite overlaps with GreekBill's chapter-management value proposition for the same end buyer.
• Vault Platform: Vault provides financial and operational management tools for member-based organizations including fraternities. Its newer chapter-finance capabilities position it as an emerging competitor to GreekBill in the Greek vertical.
• Tilt (formerly Crowdtilt): Tilt offers group payment and collection tools that chapters can use for dues and fundraising. While not purpose-built for Greek finance, it serves as a lightweight alternative for dues collection — a partial substitute for GreekBill's billing feature.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 GreekBill