Richmond Hill, Ontario – October 2, 2023 – Evergreen Financial Technology Group (EFTG), a fintech collective dedicated to mission-critical software for community banks and credit unions, has acquired Infonancial Solutions, a leading provider of core banking for credit unions, banks, and trusts.
The acquisition strengthens EFTG’s presence in the Canadian market, furthering its commitment to equipping financial institutions with innovative, scalable, and adaptable core processing solutions. Infonancial joins Sharetec, Lodestar, and other top-tier providers within EFTG’s portfolio, expanding access to best-in-class innovation that drives efficiency and growth for banking institutions across North America and the Caribbean.
A Legacy of Innovation in Core Banking
For over 33 years, Infonancial has delivered specialized software that helps financial institutions optimize operations, enhance customer experiences, and stay ahead in a rapidly evolving industry. Recognized for its strong client relationships, adaptable platforms, and dedication to progress, Infonancial has earned the trust of credit unions and banks across Canada.
“Infonancial has been a cornerstone of the Canadian credit union market for decades, providing essential technology that empowers financial institutions and their members,” said Steffi Decker, CEO of EFTG. “We are honored to support Infonancial’s next chapter, fostering its continued expansion and commitment to outstanding service.”
EFTG’s investment is fueled by Infonancial’s deep industry expertise, strong customer partnerships, and forward-thinking product suite, positioning the company for sustained growth as financial institutions adopt new technologies to meet the demands of a changing landscape.
New Leadership, Same Commitment to Excellence
As part of the transition, Tucker Sholtes has been appointed CEO of Infonancial Solutions, bringing extensive leadership in technology transformation, software delivery, and market expansion.
“Infonancial Solutions has a legacy of delivering outstanding software products and customer service that have been integral to Canadian credit unions for over three decades,” said Tucker Sholtes, CEO of Infonancial Solutions. “I am excited to join this exceptional team and drive forward a vision of continuous innovation, ensuring that Infonancial remains at the forefront of core banking technology.”
Former CEO and owner Alex Plotkin will remain actively involved with Infonancial in an advisory capacity, ensuring continuity and strategic guidance during the transition.
“We are thrilled to have EFTG as our investor, given their alignment with our values and profound understanding of our market,” said Alex Plotkin. “Their unwavering commitment to the exceptional service standards our Infonancial clients are accustomed to makes them an ideal partner. We are confident that this acquisition will not only create new business opportunities but also facilitate the introduction of a range of supplementary services within EFTG.”
A Long-term Home Under EFTG
EFTG is committed to providing a long-term home for best-in-class fintech businesses, ensuring that companies like Infonancial Solutions have the resources and strategic support needed to grow without disruption. EFTG invests in long-term success, autonomy, and innovation.
Under EFTG’s ownership, Infonancial Solutions will continue to operate independently while benefiting from increased investment in:
- Expanding product capabilities to support the evolving needs of credit unions.
- Enhancing integrations with leading financial technology solutions.
- Strengthening customer support and implementation services to ensure continued client success.
About Infonancial Solutions
For over 33 years, Infonancial Solutions has been a trusted technology partner to the financial services industry, delivering specialized core banking and financial software for credit unions, banks, and trusts. Infonancial’s solutions are designed to streamline operations, enhance compliance, and drive superior member experiences, with a focus on flexibility, scalability, and seamless integrations. With a strong commitment to continuous innovation and customer success, Infonancial empowers financial institutions to navigate the evolving financial landscape with confidence. For more information, visit www.infonancial.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.
###
For media inquiries, please contact: