News
Nevis Secures $70M, AI Transforms Wealth Management with $700B Assets
FundingOctober 28, 2026, 4:14 pm
Nevis, an AI operating system for wealth management, raised $70 million in Series B funding. This brings total capital to $110 million. EQT Ventures led the round. Charles Schwab Corporation and QuantumLight became strategic investors. The platform shows massive growth, automating financial advisor tasks. Client assets on Nevis's system reached $700 billion. This represents a 14-fold surge in under a year. Nevis plans to advance its AI agents, integrate with financial custodians, and expand its workforce. The company tackles the looming shortage of financial advisors. It delivers enhanced efficiency and capacity for wealth management firms. This funding solidifies Nevis's role as a vital innovator in AI-driven finance solutions.
Nevis recently completed its $70 million Series B funding round. This significant capital injection boosts its total funding to $110 million. The company achieved this milestone within two years of its founding. EQT Ventures spearheaded the investment. New strategic investors also joined. The Charles Schwab Corporation provided crucial backing. QuantumLight, founded by Revolut's CEO Nik Storonsky, also participated. Existing investors demonstrated strong confidence. Sequoia Capital, ICONIQ, and Ribbit Capital all expanded their commitments. This robust investor syndicate underscores Nevis's market potential in the financial technology sector.
Nevis positions itself as an AI operating system. Its core focus is wealth management. The platform directly addresses operational inefficiencies. Financial advisors spend hours on administrative tasks. Nevis's AI agents automate these processes. The system integrates customer relationship management (CRM). It provides meeting intelligence. Financial planning tasks become streamlined. Account administration simplifies dramatically. Document preparation accelerates. AI generates financial proposals quickly. It coordinates signatures. Account-opening paperwork processes rapidly. Nevis agents have completed over 100,000 operational tasks. This frees advisors for client-centric work, boosting overall operational efficiency.
Nevis demonstrates remarkable growth metrics. Client assets on its platform exploded. They soared from $50 billion to $700 billion. This represents a 14-fold increase in less than a year. Revenue also saw a dramatic jump. It increased over 25-fold in 2026. The platform adds substantial assets monthly. Approximately $75 billion flows onto the system each month. Advisory firms leverage Nevis software. Their clients' assets drive this growth. Advisors report significant time savings. They reclaim up to 10 hours weekly. Prospect meetings rise by 30%. Account-opening timelines shrink from weeks to days. These figures highlight the tangible benefits of Nevis's AI automation.
Charles Schwab's strategic investment is a game-changer. Schwab is a dominant force in financial advisory. It supports over 17,000 independent Registered Investment Advisors (RIAs). Schwab serves more than 48 million client accounts. It holds $13 trillion in client assets. This partnership grants Nevis unparalleled access. It expands Schwab's existing AI ecosystem. Advisors gain enhanced capabilities. The financial industry faces a critical staffing challenge. McKinsey projects a shortage of 100,000 advisors by 2034. Nevis offers a powerful solution. Automation helps close this gap. It increases advisor capacity. It avoids advisor replacement. Nevis empowers human advisors, not displaces them in wealth tech.
Nevis plans to deploy its new funding strategically. The company will develop more capable AI agents. These will offer advanced functionalities. Integrations with financial custodians are a priority. This expands connectivity across the financial ecosystem. Hiring across key departments will accelerate. Engineering teams will grow. Product development will see significant investment. Sales teams will expand market penetration. Broader adoption remains the ultimate objective. Client trust is paramount. Data security is non-negotiable. Strict regulatory compliance is essential. Nevis's early success suggests growing industry acceptance. Financial advisory firms increasingly embrace AI solutions. They see its value in operational efficiency. This allows human advisors to focus on core client relationships and investment strategies.
Nevis holds a robust market position. Its valuation reportedly approaches $500 million. This reflects significant investor confidence. The company already serves prominent wealth management firms. Focus Financial Partners is a client. IEQ Capital utilizes Nevis. United Capital also benefits. While the customer base stands at around 20 firms, their collective asset influence is immense. Nevis demonstrates deep penetration within these key accounts. Its impact on the wealth management landscape is undeniable. This FinTech startup commands attention.
Nevis was founded in October 2024. Former Revolut executives launched the company. Mark Swan, Philipp Burda, and Ivan Chalov comprise the founding team. Their previous experience at Revolut shaped Nevis's vision. They automated internal financial operations using AI. This exposure revealed widespread opportunities. Repetitive manual processes plague traditional financial institutions. Nevis directly tackles these pain points. The founders identified a critical need. They built a solution that scales efficiency. This FinTech pedigree provides a strong foundation. Nevis continues its trajectory toward transforming asset management and digital wealth.
Massive Capital Inflow Fuels AI Growth
Nevis recently completed its $70 million Series B funding round. This significant capital injection boosts its total funding to $110 million. The company achieved this milestone within two years of its founding. EQT Ventures spearheaded the investment. New strategic investors also joined. The Charles Schwab Corporation provided crucial backing. QuantumLight, founded by Revolut's CEO Nik Storonsky, also participated. Existing investors demonstrated strong confidence. Sequoia Capital, ICONIQ, and Ribbit Capital all expanded their commitments. This robust investor syndicate underscores Nevis's market potential in the financial technology sector.
AI Revolutionizes Advisor Operations
Nevis positions itself as an AI operating system. Its core focus is wealth management. The platform directly addresses operational inefficiencies. Financial advisors spend hours on administrative tasks. Nevis's AI agents automate these processes. The system integrates customer relationship management (CRM). It provides meeting intelligence. Financial planning tasks become streamlined. Account administration simplifies dramatically. Document preparation accelerates. AI generates financial proposals quickly. It coordinates signatures. Account-opening paperwork processes rapidly. Nevis agents have completed over 100,000 operational tasks. This frees advisors for client-centric work, boosting overall operational efficiency.
Explosive Growth Redefines Scale
Nevis demonstrates remarkable growth metrics. Client assets on its platform exploded. They soared from $50 billion to $700 billion. This represents a 14-fold increase in less than a year. Revenue also saw a dramatic jump. It increased over 25-fold in 2026. The platform adds substantial assets monthly. Approximately $75 billion flows onto the system each month. Advisory firms leverage Nevis software. Their clients' assets drive this growth. Advisors report significant time savings. They reclaim up to 10 hours weekly. Prospect meetings rise by 30%. Account-opening timelines shrink from weeks to days. These figures highlight the tangible benefits of Nevis's AI automation.
Strategic Alliances Elevate Market Reach
Charles Schwab's strategic investment is a game-changer. Schwab is a dominant force in financial advisory. It supports over 17,000 independent Registered Investment Advisors (RIAs). Schwab serves more than 48 million client accounts. It holds $13 trillion in client assets. This partnership grants Nevis unparalleled access. It expands Schwab's existing AI ecosystem. Advisors gain enhanced capabilities. The financial industry faces a critical staffing challenge. McKinsey projects a shortage of 100,000 advisors by 2034. Nevis offers a powerful solution. Automation helps close this gap. It increases advisor capacity. It avoids advisor replacement. Nevis empowers human advisors, not displaces them in wealth tech.
Future-Proofing Wealth Management
Nevis plans to deploy its new funding strategically. The company will develop more capable AI agents. These will offer advanced functionalities. Integrations with financial custodians are a priority. This expands connectivity across the financial ecosystem. Hiring across key departments will accelerate. Engineering teams will grow. Product development will see significant investment. Sales teams will expand market penetration. Broader adoption remains the ultimate objective. Client trust is paramount. Data security is non-negotiable. Strict regulatory compliance is essential. Nevis's early success suggests growing industry acceptance. Financial advisory firms increasingly embrace AI solutions. They see its value in operational efficiency. This allows human advisors to focus on core client relationships and investment strategies.
Strong Market Position and Valuation
Nevis holds a robust market position. Its valuation reportedly approaches $500 million. This reflects significant investor confidence. The company already serves prominent wealth management firms. Focus Financial Partners is a client. IEQ Capital utilizes Nevis. United Capital also benefits. While the customer base stands at around 20 firms, their collective asset influence is immense. Nevis demonstrates deep penetration within these key accounts. Its impact on the wealth management landscape is undeniable. This FinTech startup commands attention.
Founding Vision Rooted in FinTech Expertise
Nevis was founded in October 2024. Former Revolut executives launched the company. Mark Swan, Philipp Burda, and Ivan Chalov comprise the founding team. Their previous experience at Revolut shaped Nevis's vision. They automated internal financial operations using AI. This exposure revealed widespread opportunities. Repetitive manual processes plague traditional financial institutions. Nevis directly tackles these pain points. The founders identified a critical need. They built a solution that scales efficiency. This FinTech pedigree provides a strong foundation. Nevis continues its trajectory toward transforming asset management and digital wealth.