Vancouver, Canada – March 1, 2023 – Evergreen Financial Technology Group (EFTG), a fintech collective dedicated to mission-critical software for financial institutions, announced today the acquisition of Lodestar Technologies, Inc., a market leader in full-service data analytics and business intelligence solutions for credit unions and banks.
This strategic investment strengthens EFTG’s commitment to empowering financial institutions with advanced data-driven insights, enabling them to enhance member relationships, optimize operations, and drive growth in an increasingly competitive landscape.
A Leader in Financial Data Analytics
Since its founding in 2008, Lodestar has transformed how credit unions and banks harness data to make informed, strategic decisions. With an expansive and flexible data warehousing and analytics platform, Lodestar enables financial institutions to consolidate, analyze, and visualize vast amounts of information, creating a golden source of truth—helping them uncover actionable insights that increase member growth, member engagement, operational efficiency, and risk management.
“Lodestar has pioneered financial data analytics for over a decade, enabling credit unions and banks to turn raw data into deeper connections with their members,” said Steffi Decker, CEO of EFTG. “We are thrilled to partner with the Lodestar team to scale this impact and bring powerful, real-time analytics solutions to more financial institutions across North America.”
With a strong reputation for exceptional customer service and a consultative approach to analytics, Lodestar has become a trusted partner to financial institutions looking to build data-driven cultures and maximize their competitive advantage.
The Next Chapter for Lodestar Under EFTG
EFTG’s investment in Lodestar reflects its broader vision of building the world’s premier fintech ecosystem for financial institutions. EFTG provides a long-term home where fintech businesses can thrive, innovate, and grow without disruption to their culture, leadership, or customer relationships.
“We founded Lodestar in 2008 with the vision of helping financial institutions leverage data within all levels of their organizations,” said Razad Shah, Co-Founder of Lodestar Technologies. “We are thrilled that the Evergreen Financial Technology Group will be able to take that vision to the next level.”
Lodestar will continue to operate independently, with Divya Konuru joining as CEO to lead the company’s next phase of growth. Konuru will work closely with the existing Lodestar team to expand offerings, enhance integrations, and support a growing customer base across the U.S. and Canada.
“Evergreen Financial Technology Group shares our core values of integrity, client commitment, and care,” added Patrick O’Neill, Co-Founder of Lodestar. “This is one of the many reasons we were delighted to select EFTG as the permanent home for this business.”
Investing in the Future of Financial Data Analytics
Under EFTG’s ownership, Lodestar plans to:
- Expand its core integrations with leading credit union and banking platforms.
- Enhance AI-driven analytics to provide even deeper predictive insights.
- Grow its customer success and support teams to maintain industry-leading service.
- Create a Mergers & Conversions department to support credit unions and banks through critical transitions
“When we started Lodestar, we were committed to building a solution that would grow to support our clients and evolve to keep up with the security and innovation needs in the industry,” said Malak Hanna, Co-Founder and Managing Partner, Architecture at Lodestar. “We are happy that Evergreen Financial Technology Group recognizes the value of what we built and is continuing to invest in our technology and our team.”
About Lodestar Technologies, Inc.
Founded in 2008, Lodestar Technologies is a leading provider of data warehousing, business intelligence, and analytics solutions for financial institutions. Lodestar’s platform consolidates data from multiple core and third-party systems, transforming raw information into actionable insights that improve decision-making, efficiency, and member growth and engagement. With a deep commitment to customer success and continuous innovation, Lodestar empowers financial institutions to maximize their data’s potential and improve the lives of the people they serve. For more information, visit www.lodestartech.ca.
About Evergreen Financial Technology Group (EFTG)
Evergreen Financial Technology Group (EFTG) is a fintech collective that strengthens relationships between community financial institutions and the people and businesses they serve. We acquire and build companies that champion transparency, collaboration, and user-centric innovation—providing banks and credit unions with modern, mission-critical solutions that prioritize flexibility and integrations. With a long-term and decentralized management philosophy, EFTG empowers its teams to operate independently while providing strategic guidance, capital, and a proven growth playbook to fuel sustainable success. Backed by Alpine Investors, EFTG is building the world’s premier technology ecosystem for financial institutions. Additional information is available at evergreenftg.com.
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