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Evergreen Financial Technology Group (EFTG) was established in 2020 and operates out of the United States. The firm is a vertical within Evergreen Services Group, which is a portfolio company of Alpine Investors, a private equity firm with over $17 billion in assets under management. EFTG focuses on acquiring and building software businesses that serve financial institutions, particularly credit unions and banks. The organization emphasizes a permanent-hold model, acquiring mature software companies and providing them with a long-term home.
Since its inception, EFTG has aimed to preserve the legacies of the founders of the companies it acquires, promoting decentralized operations. The firm has a team of over 35 professionals based in San Francisco, specializing in capital allocation, mergers and acquisitions, executive hiring, and strategic leadership. Notable milestones include the acquisition of several key companies in the fintech sector, contributing to the overall growth of the Evergreen Services Group.
EFTG invests primarily in software companies that cater to financial institutions, including credit unions and banking partners. The firm’s investment strategy includes a focus on sectors such as fintech and SaaS, with particular interest in companies that specialize in data warehousing, business intelligence, and loan origination platforms. EFTG operates with a commitment to quick decision-making and efficient closing processes, allowing them to act swiftly in the acquisition of target companies.
The firm seeks mature businesses that align with its long-term vision of preserving founder legacies and promoting decentralized operations. EFTG's approach is characterized by a buy-and-build strategy, where they acquire companies and integrate them into their portfolio while maintaining their operational independence. This model allows EFTG to support the growth of its portfolio companies without the pressure of exit timelines typical in venture capital investments.
EFTG's portfolio includes several notable companies that exemplify its focus on software solutions for financial institutions:
These companies reflect EFTG's commitment to acquiring and building software businesses that serve the financial sector, ensuring they meet the evolving needs of their clients.
Steffi Decker: CEO of Evergreen Financial Technology Group, with a background in leading software acquisitions and operational management.
Jeff Totten: Founder and CEO of parent company Evergreen Services Group, known for his expertise in building and scaling software businesses.
Tim Burke: Evergreen Operations Partner, specializing in operational efficiency and strategic growth initiatives.
Shiraz Kazmi: Vice President of M&A at Evergreen, responsible for identifying and executing acquisition opportunities.
David Dean: Head of M&A at EFTG, focusing on sourcing and negotiating acquisition deals.
Kate Lichkus: CFO of EFTG, overseeing financial strategy and capital allocation.
Jesse Stafford: VP Technology at EFTG, leading technology integration and innovation within portfolio companies.
Uma Ghelani: Chief of Staff at EFTG, facilitating operational initiatives and team coordination.
Rachel Collins: CEO of Sharetec, a portfolio company, with extensive experience in core processing solutions.
Divya Konuru: CEO of Lodestar Technologies, focusing on data warehousing and analytics.
Zubin Mehta: CEO of Global Wave Group, specializing in commercial lending solutions.
Tucker Sholtes: CEO of Infonancial, providing core processing software for financial institutions.
To pitch to EFTG, founders should use the contact form available on their website. The pitch deck should include a comprehensive overview of the business, market analysis, and financial projections. EFTG values clarity and conciseness in presentations. Response times may vary, but founders can expect to hear back within a few weeks.
In recent months, EFTG has made significant acquisitions to expand its portfolio. In 2023, the firm acquired Lodestar Technologies, which offers full-service analytics solutions for banks and credit unions. Additionally, they acquired Infonancial Solutions, a core processing software provider for credit unions, banks, and trusts.
In 2021, EFTG acquired a 25% stake in Sharetec Systems and subsequently bought out the remaining three 25% owners, solidifying their investment in this core processing software provider for credit unions. These acquisitions reflect EFTG's commitment to building a strong portfolio of software businesses that serve the financial sector.
What are EFTG's investment criteria?
EFTG focuses on acquiring mature software companies that serve financial institutions, particularly credit unions and banks. They prioritize businesses that demonstrate strong operational capabilities and align with their long-term vision of preserving founder legacies.
How can I pitch to EFTG?
Founders interested in pitching to EFTG should prepare a detailed presentation that outlines their business model, market potential, and operational strengths. Direct inquiries can be made through their contact page on the website.
What makes EFTG different from traditional venture capital firms?
EFTG operates as a permanent-hold acquisition platform, meaning they do not seek to exit their investments. This contrasts with venture capital firms that typically aim for a return on investment through exits within a few years.
What is EFTG's geographic focus?
The firm primarily invests in companies based in North America, specifically targeting software businesses that cater to financial institutions.
What is the typical check size for investments?
While specific check sizes are not disclosed, EFTG focuses on acquiring mature companies, which typically involves larger capital commitments compared to early-stage investments.
What kind of post-investment involvement does EFTG have?
EFTG provides ongoing support to its portfolio companies, including strategic guidance, operational support, and access to resources within the Evergreen Services Group. Their team is involved in executive hiring and capital allocation to ensure the success of acquired businesses.
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