New York-based private equity firm Aquiline Capital Partners has made an investment in OmegaFi, a provider of financial, membership management, and fundraising software and support solutions for college fraternities and sororities across the United States.
OmegaFi's suite of services helps fraternal organisations at the local and national levels bill and collect dues and rent, manage rosters and records, pay bills and employees, file tax returns, build websites, publish newsletters, conduct fundraising campaigns and process payments.
"OmegaFi is the dominant player in a very specialised yet growing market, and a strong addition to our roster of innovative financial technology portfolio companies," says Jeff Greenberg, Chief Executive of Aquiline. "It has a long history of success and a reputation rooted in cutting-edge technology, data security and superior customer service. We see significant opportunities for growth and look forward to working with the leadership at OmegaFi to continue to expand their reach and customer base."
"We are excited that Aquiline recognises the important role our services play in the financial operations of fraternities and sororities, organisations that positively contribute to America economically and otherwise,” says Fred Maglione, Chief Executive Officer of OmegaFi. "The resources and expertise they bring will only strengthen our current capabilities and services, allowing us to grow and maintain our long-term focus on operational efficiency and success for the chapters, house corporations, headquarters and fraternal foundations that we serve."
As part of the transaction, OmegaFi’s Founder Todd Reaves will welcome Aquiline professionals Vincenzo La Ruffa, Scott Leach and Joe Pappalardo as new members of the Board of Directors.
