Ex-Revolut Team’s Nevis Secures $35M Series A to Redefine Advisor Capacity

Nevis, a startup founded by three former Revolut executives, has stepped into the spotlight after raising a $35 million Series A led by Sequoia Capital, ICONIQ, and Ribbit Capital. The company emerged from stealth less than a year ago and now totals $40 million in funding. Its mission is straightforward: use AI to take over the administrative workload that keeps financial advisors from their clients.

Wealth management in the US is expanding quickly, driven by a surge in households with significant investable assets. More than 50 million Americans rely on financial advisors to guide major life decisions, yet many firms struggle to keep up. Advisors routinely spend up to 80% of their day on manual tasks—collecting documents, preparing reports, updating systems—leaving little room for client relationships or growth. This growing capacity bottleneck has become one of the industry’s biggest challenges.

Nevis wants to fix that by offering what it calls the first unified AI platform designed specifically for wealth management. Instead of layering AI on top of legacy systems, the platform automates workflows end-to-end: onboarding, compliance, reporting, and other back-office work that typically consumes an advisor’s time. The goal is simple—give advisors more hours in their day to meet clients, build strategies, and scale their businesses.

Despite being new, Nevis is already supporting some of the fastest-growing advisory firms in the US. Its customers include national RIAs like United Capital and Apollon Wealth ManagementDealroom has a profile for this one. Try Dealroom →, as well as firms handling ultra-high-net-worth clients such as GC Wealth. Together, these firms manage more than $50 billion in client assets. Early partners say the platform doesn’t just speed up tasks—it helps unify fragmented systems and modernize infrastructure in a sector where outdated software is still the norm.

The new funding will accelerate product development and boost adoption across the advisory market. For investors like Sequoia and ICONIQ, the bet is that AI can reshape how wealth management firms operate, opening the door for faster growth and more personalized service. And with its founders’ experience building financial products at scale at Revolut, Nevis enters the market with both technical credibility and a clear sense of urgency.

For an industry built on trust and relationships, scaling without sacrificing quality has always been difficult. Nevis is positioning itself as the infrastructure that finally makes that possible—helping advisors focus on the work that matters most, and leaving the rest to AI.

Sources:
BusinessWire
TFN

A.M.