Arkatechture platform supports credit unions by enabling data-driven business decisions
Arkatechture, provider of Arkalytics, today announced a strategic growth investment from LoneTree Capital, a New York-based growth capital firm, and TruStage™ Ventures, the venture capital arm of TruStage, an insurance, investments, and technology provider. The investment can help Arkatechture’s ability to innovate alongside and support its growing customer base, with TruStage partnering to bring the Arkalytics solution to more credit unions.
“Credit unions and community banks face a unique challenge aggregating data from various siloed software systems,” said Mike Devine, Partner at LoneTree. “Arkatechture’s Arkalytics platform creates a single source of truth to drive business intelligence and help customers leverage their data for better decision-making and operational efficiency. We were impressed by the strength and vision of Arkatechture’s management team and are excited to partner with such a talented and driven group.”
Arkatechture is a trusted data warehouse and analytics company dedicated to empowering organizations with a better understanding of their business through data. The platform unifies and standardizes data from various systems across the credit union including core systems, loan/origination systems, marketing platforms and others. This single source of truth can power standardized reporting and enable teams to focus on insights surfaced through the platform’s data visualizations. With these tools, credit unions can confidently make decisions that benefit their members.
“We continually hear from credit unions that better management and use of data is a top priority, yet executing on a data strategy can be challenging,” said Mike Kraus, Managing Director, TruStage Ventures. “Arkatechture supports credit unions throughout their data journey, allowing them to better support members. We’re excited to partner with the Arkatechture team as they continue to help credit unions reach their goals.”
Arkatechture already has a proven record of success within the financial industry. It has relationships with more than 40 financial institutions and was named the 2023 New Credit Union Service Organization (CUSO) of the year at the National Association of Credit Union Service Organizations (NACUSO) Network Conference.
“When we created our CUSO, it was a strategic step forward to progress our vision and partner with credit union customers committed to advancing the industry,” said Arkatechture’s CEO, Jamie Jackson. “This funding round follows the same principle—it’s about aligning with partners that share our commitment to sustainable growth and our passion for enhancing our products and deepening our relationships within the industries we serve. We set a high bar for our committed partners, and both LoneTree and TruStage Ventures exceeded it. LoneTree’s determination and expertise in financial services, combined with TruStage’s transparency and commitment to the credit union community, make them natural additions to the Arkatechture family. This partnership is both humbling and exciting and we’re thrilled to welcome both organizations into the family.”