Aliso Viejo, CA – September 1, 2023 – Evergreen Financial Technology Group (EFTG), a fintech collective dedicated to mission-critical software for financial institutions, has acquired Global Wave Group, a leading provider of commercial loan origination and risk management solutions for banks and credit unions.
The acquisition expands EFTG’s footprint in commercial lending technology, enhancing its ability to provide financial institutions across North America with tailored, end-to-end automation and risk management solutions. Global Wave Group’s flagship platform, Credit Track™, is designed by bankers for bankers, offering a comprehensive suite that fully automates the commercial loan lifecycle—from sales management to monitoring. This platform not only streamlines processes but also enables banks and credit unions to process loans more efficiently, allowing them to dedicate more time to client relationships and business growth.
A Visionary Company Built on Banking Expertise
Founded in 2007 by banking executives, Global Wave Group was born out of a simple but powerful idea: financial institutions should have a smarter, more efficient way to manage commercial lending processes. Frustrated by inefficiencies in legacy systems, Founder and CEO Zubin Mehta developed a blueprint for an integrated, cloud-based lending platform that would automate credit workflows, enhance risk monitoring, and improve regulatory compliance.
“I started Global Wave Group because I saw firsthand how outdated lending processes slowed financial institutions down,” said Zubin Mehta, CEO of Global Wave Group. “With EFTG, we have found a long-term partner who understands the complexities of commercial lending and shares our vision for modernizing the industry with smarter, more efficient technology.”
Over the past 15+ years, Global Wave Group has become a leader in commercial loan origination, helping financial institutions of all sizes streamline credit processes, manage risk, and drive operational efficiency. The company’s flagship platform, Credit Track, provides a fully automated, straight-through loan origination process, allowing lenders to make faster, data-driven decisions while ensuring compliance with ever-evolving regulatory requirements.
A Long-term Home Under EFTG
EFTG’s acquisition of Global Wave Group is part of its broader strategy to build the world’s premier fintech ecosystem for financial institutions, focusing on mission-critical solutions that improve banking efficiency and customer experiences.
“As commercial lending grows more complex, financial institutions need smarter, more adaptable tools to stay ahead,” said Steffi Decker, CEO of EFTG. “Global Wave has spent years refining a best-in-class commercial lending solution, and together, we are poised to help even more banks and credit unions streamline loan processing and better serve their business customers.”
EFTG partners with great fintech businesses for the long term, providing them with the capital, strategic support, and operational resources needed to scale and innovate without disruption.
“We had many acquisition offers over the years, but EFTG stood out because of their commitment to long-term growth and their respect for what we’ve built,” added Gregg Stempson, COO of Global Wave Group. “We’re excited to continue our journey with a partner that understands our business, our customers, and shares our vision for the future of commercial lending technology.”
Fueling the Next Stage of Growth
Under EFTG’s ownership, Global Wave Group will remain an independent business while benefiting from EFTG’s proven fintech growth playbook. With increased investment, the company plans to:
- Enhance Credit Track and CT Digital Suite with new features.
- Expand integrations with core banking platforms.
- Advance automation in underwriting, approvals, and risk monitoring.
About Global Wave Group
Founded in 2007, Global Wave Group is a financial technology company specializing in commercial loan origination, workflow automation, and risk management solutions. Its flagship platform, Credit Track, enables financial institutions to streamline the end-to-end commercial lending process, improve risk oversight, and drive greater efficiency. With a deep commitment to customer success, innovation, and compliance, Global Wave Group empowers banks and credit unions with the technology needed to compete in a fast-changing financial landscape. For more information, visit www.globalwavegroup.com.
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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