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Envestnet acquires fintech Harvest Savings
Envestnet now owns Harvest s technology, including its automated micro-savings and digital account opening tools.
April 8, 2021
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Envestnet announced Thursday the acquisition of fintech Harvest Savings & Wealth Technologies to further build out its digital financial wellness ecosystem by merging customers’ wealth and savings accounts. 
The acquisition gives Envestnet ownership of Harvest’s technology, including its automated micro-savings tool and digital account opening. Harvest’s tools are typically provided to banks, credit unions, trust companies and other financial institutions. Terms of the deal were not disclosed.
Harvest’s automated micro-saving technology delivers data to the bank or firm, which can then signal when it’s time to move a customer from savings to the right wealth offering. That’s a major reason the acquisition made sense for Envestnet and its connec ....

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