Two of Europe’s most prominent WealthTech firms, Fincite of Germany and Harvest of France, have announced a strategic merger to create a new European leader in wealth management software.
The union is supported by private equity investors TA Associates and Montagu and aims to drive growth through acquisitions and an expanded geographic footprint. Both firms will operate under the Harvest Group umbrella, with a shared vision to consolidate the fragmented WealthTech space and build a pan-European champion.
Fincite and Harvest have each developed robust B2B wealth management platforms designed to support financial institutions in delivering tailored, efficient investment solutions. Their software spans the full investment value chain, including onboarding, KYC/AML, advisory, execution, and reporting. By combining forces, they plan to offer deeper, more integrated solutions that can meet the evolving demands of banks and financial firms across Europe.
Fincite co-founder and co-CEO Ralf Heim said, “Today, banks struggle with fragmented and often outdated software systems.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.”
The partnership is expected to accelerate the group’s growth trajectory, with a goal to double revenues within four years. Key markets for expansion include the DACH region, France, Benelux, Italy, and Northern Europe. This growth strategy will be supported by targeted acquisitions to bolster product capabilities and expand into new regions, aiming to position the combined entity as the go-to solution for wealth management technology.
Virginie Fauvel, CEO of Harvest, said, “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.
“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.”
Both brands will continue to operate independently, retaining their current teams and offices. Ralf Heim will join the Harvest Group board while maintaining his role at Fincite. Alongside co-founders Friedhelm A. Schmitt and Stefan Post, and managing director Paul Kammerer, Heim will help steer the next phase of growth.
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