Story Ventures’ Post

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We're incredibly excited to share that Summer has officially acquired Vault.co! By incorporating Vault’s tools and established customer base, Summer will offer even more comprehensive solutions and significantly expand their market reach, unlocking new growth opportunities. Huge congratulations to Summer's CEO Will Sealy and both teams on this strategic merger! 🎉

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This is an especially exciting update! Summer has completed an asset acquisition of Vault.co. Founded 12 years ago, Vault was an early innovator in the financial wellness category, and has been serving more than 3,000 industry-leading employers and 401(k) recordkeepers. Vault’s enterprise tools bolstered HR leaders’ employee recruiting and retention efforts by paying student loans, contributing to employee 529 college savings plans, and facilitating 401(k) student loan matching. We’re excited to welcome core members of the Vault team to Summer as we integrate Vault’s technology into Summer’s platform. Summer is committed to delivering unparalleled client service and leveraging our deep student loan expertise to benefit Vault's clients and users. Here’s why this matters: 🚀 By integrating Vault's technology and expertise, Summer will continue to enhance and innovate our product suite, and deliver best-in-class solutions for HR leaders looking for high-ROI employee benefits. 📈 Vault’s customer base and market presence will enable Summer to rapidly expand its footprint and market share. 💪 By combining forces, we’ll be able to better meet skyrocketing demand for workplace student debt and college cost planning solutions that help employers better recruit and retain employees. Read the full exclusive on Axios, linked in comments.

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Congratulations to the Summer team for adding to the portfolio! And to the Vault employees, welcome to the Summer family! This is great news!

Will Sealy

Co-Founder & CEO at Summer

2mo

Thanks for all your support, Story Ventures!

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