Two of Europe’s leading WealthTech software providers are coming together: Fincite from Germany and Harvest from France have formed a strategic alliance.
The partnership is backed by private equity investors TA Associates and Montagu. Under the umbrella of the Harvest Group, both companies plan strategic acquisitions to build the European WealthTech Software champion.
Unifying WealthTech pioneers by Creating a pan-European leader
Fincite and Harvest develop wealth management software that empowers financial institutions to reinvent their services. Their modular B2B software automates the creation of efficient, tailored portfolios - covering the entire value chain from onboarding (KYC/AML) to reporting.
Ralf Heim, fincite Founder & Co-CEO © Fincite
"Today, banks struggle with fragmented and often outdated software systems. We are talking about legacy solutions that are 25 years old or more. This results in a complex and costly IT landscape with limited interoperability. Clients are looking for fewer but stronger partners who can provide deeper and more advanced WealthTech solutions from a single source. Together with Harvest, we are fulfilling this need on a European scale," says Ralf Heim, Co-CEO and Founder of Fincite.
Management teams of Fincite and Harvest (from left to right): Quentin Michon, Harvest CFO; Virginie Fauvel, Harvest CEO; Sebastian Bessing, fincite CTO; Ralf Heim, fincite Founder & Co-CEO, Delphine Asseraf Harvest Deputy CEO; Co-CEO; Paul Kammerer, fincite CCO & Friedhelm Schmitt, fincite Founder & Co-CEO
European expansion and strategic acquisitions
This partnership sets the stage for accelerated European expansion with a clear goal: to double the group’s revenue within the next four years. Growth will focus on the core markets of the DACH region and France, as well as the Benelux countries, Italy, and Northern Europe. By joining forces, Harvest and Fincite will pursue strategic acquisitions to expand their product portfolio, geographical footprint and better serve their target audience.
Virginie Fauvel, Harvest CEO © Harvest
"We are seeing an ongoing wave of modernization in financial institutions. Banks must offer a seamless digital experience, similar to what has become standard in retail banking. The market demands modular and tailored solutions that integrate effortlessly," adds Virginie Fauvel, CEO of Harvest. "Together with Fincite, we are unlocking synergies and elevating wealth management to a whole new level. This merger represents a major new step for the creation of a solid European group, resolutely focused on development, innovation and customer satisfaction - and it marks the beginning of something truly significant." Harvest, the 36-year-old Paris-based FinTech, serves more than 4,600 clients.
Both brands - Harvest and Fincite - will remain on the market together with their teams and locations. As part of the merger, Fincite co-founder Ralf Heim will join the Group's board in addition to his role as co-CEO of Fincite. Together with his two co-founders, Friedhelm A. Schmitt and Stefan Post, and the fourth Managing Director, Paul Kammerer (COO), he will continue to manage the business.