Fincite founders sell to TA Associates subsidiary Harvest Group

Hamburg — The foun­ders of Fincite GmbH Ralf Heim, Fried­helm Schmitt and Stefan Post have sold their company to the French Harvest Group. With the merger, the two wealth­tech compa­nies are pursuing the goal of expan­ding their product port­fo­lios and geogra­phi­cal presence in order to opti­mally serve their target groups. There are also plans to coope­rate on stra­te­gic acqui­si­ti­ons. — A HEUKING team led by Dr. Lothar Ende advi­sed the foun­ders of Fincite GmbH Ralf Heim, Fried­helm Schmitt and Stefan Post on the sale of the company to the French Harvest Group. 

Fincite, foun­ded in 2015, offers digi­tal soft­ware solu­ti­ons for banks and asset mana­gers. The modu­lar CIOS plat­form digi­ta­li­zes the entire invest­ment process — from onboar­ding to report­ing — and helps insti­tu­ti­ons to work more effi­ci­ently and provide clients with more indi­vi­dual support. Its clients include banks, family offices and finan­cial advisors.

Foun­ded in 2018, the Harvest Group brings toge­ther leading provi­ders of wealth manage­ment soft­ware, inclu­ding Harvest France, Quan­ta­lys, Many­more and Feefty. Supported by the private equity firms TA Asso­cia­tes and Montagu, it is pursuing a Europe-wide growth and conso­li­da­tion stra­tegy. The aim is to build a leading plat­form for wealth and asset manage­ment, cove­ring all core func­tions from client service to port­fo­lio management. 

The Harvest Group plans to work closely with Fincite, with their CIOS plat­form used in count­ries such as Germany, Switz­er­land, Austria and the Bene­lux count­ries as a central buil­ding block. The aim is to drive commer­cial expan­sion — parti­cu­larly in Germany — and to expand the offe­ring by inte­gra­ting other Harvest products such as the Wealth Plat­form and Feefty. 

Consul­tant Fincite: HEUKING 

HEUKING has been advi­sing the Fincite foun­ders for seve­ral years. Part­ners Dr. Lothar Ende and Chris­toph Proch­nau have advi­sed the foun­ders and the company on finan­cing rounds, among other things. 

About Fincite

Fincite is a Wealth­Tech soft­ware provi­der that has recei­ved multi­ple awards for growth and inno­va­tion (Fintech Germany Award 2024, WealthTech100 2024, ESGFintech100 2024). Fincite solves the chal­lenges of finan­cial insti­tu­ti­ons in wealth manage­ment through intel­li­gent soft­ware solu­ti­ons — from client onboar­ding to (hybrid) advice, order execu­tion and subse­quent report­ing. Clients include leading inter­na­tio­nal banks, medium-sized finan­cial advi­sors, estab­lished private banks and digi­tal chal­len­gers. The team consists of over 60 employees from more than 15 nations. 

About HARVEST

HARVEST is a leading FinTech in France for soft­ware specia­li­zed in the wealth and finance profes­si­ons. The group has been support­ing profes­sio­nals for 35 years with solu­ti­ons cove­ring the entire wealth and finance value chain. The Group deve­lops digi­tal solu­ti­ons and provi­des infor­ma­tion that is essen­tial for making infor­med decis­i­ons in the wealth and finance sector. As a data specia­list, it enables the auto­ma­ted crea­tion of effi­ci­ent, custo­mi­zed port­fo­lios. With more than 4,600 corpo­rate clients, the Group offers a range of soft­ware and services that are highly sought after by profes­sio­nals looking to deve­lop high-quality advice. 

Advi­sor to the foun­ders of Fincite GmbH: HEUKING

Dr. Lothar Ende (lead, corpo­rate law/M&A),
Beli­ar­dis Ehlert-Gasde (corpo­rate law/M&A),
Dr. Thomas Schulz (employ­ment law), all Hamburg

www.heuking.de/

Jean­tet (WSG):
Vincent Netter
Gasper-Etienne Bats