Nevis, a wealthtech startup founded by three former Revolut executives, has secured $70 million in Series B funding to expand its AI-powered financial advisory software. The round values the company at $500 million. The platform uses artificial intelligence to help financial advisers manage client portfolios, automate compliance tasks, and generate personalized investment strategies. The funding was led by EQT Ventures and QuantumLight Capital, with participation from existing investors including Index Ventures and Hummingbird. The capital will be used to accelerate product development, expand engineering teams, and enter new markets across Europe and North America. Nevis currently serves over 200 financial institutions and manages more than $36 billion in assets under management. The company plans to enhance its machine learning capabilities and integrate real-time market data to provide more accurate portfolio optimization tools for advisers.
The startup was founded in 2020 by Oss Dljei, Ztgkcym Xssnxho, and Sehyeqr Tmplx, who previously held senior roles at Revolut. Since its launch, Nevis has focused on addressing inefficiencies in wealth management by automating routine tasks that traditionally consume adviser time. Its software analyzes client risk profiles, market conditions, and regulatory requirements to recommend suitable investment allocations. The Series B round reflects growing investor confidence in AI-driven solutions for financial services, particularly as traditional firms seek to modernize their digital offerings and improve client outcomes.
Source: Sifted · Summarized by HeadlinesBriefing