Nevis Raises $70M for AI Wealth Management Platform
Nevis, founded by ex-Revolut executives, secured $70 million in Series B funding to expand its AI operating system for financial advisers.
Nevis has raised $70 million in Series B funding to scale its AI-powered wealth management platform. The New York-based company, founded two years ago by former Revolut executives Mark Swan, Philipp Burda, and Ivan Chalov, aims to empower financial advisers with an integrated AI operating system.
Funding milestone and strategic investors
Nevis closed the $70 million Series B round on October 26, 2026, bringing its total funding to $110 million since its 2024 launch. The round was led by EQT Ventures, with participation from new strategic investors The Charles Schwab Corporation and QuantumLight, the investment fund founded by Revolut CEO Nik Storonsky. Existing investors Sequoia Capital, ICONIQ, and Ribbit Capital also increased their commitments.
Carolina Brochado, Partner and Head of EQT Ventures, joined Nevis' Board of Directors as part of the financing, while Kaushik Subramanian, a Partner at EQT Ventures, serves as a Board Observer. Charles Schwab's involvement is strategic, given it supports over 17,000 independent registered investment advisors who oversee approximately $13 trillion in client assets.
Platform capabilities and market impact
The company's core product is an AI operating system that integrates CRM, meeting intelligence, financial planning, and custodial workflows. This single platform allows AI agents to execute operational tasks automatically, eliminating the need for advisers to juggle separate software systems. Nevis claims its capabilities can reduce account-opening timelines from weeks to days and enable the generation of personalized financial plans within minutes.
Customer deployments reportedly enable financial advisers to reclaim up to 10 hours per week and increase prospect meetings by 30%. The company states its AI agents have completed over 100,000 operational tasks.
Growth and asset expansion
Nevis reported a more than 25-fold increase in revenue during 2026. Assets represented on its platform surged from $50 billion in 2024 to over $700 billion by 2026. At its current growth pace, approximately $75 billion in additional assets are added monthly. The company now serves wealth management organizations including Focus Financial Partners, IEQ Capital, and United Capital.
Future plans and commercial expansion
The new capital will accelerate development of AI agent capabilities and deepen integrations across the custodian and wealth technology ecosystem. Nevis also plans to grow its product development and commercial teams to expand the platform's reach across wealth management. The company employs 70 people.
Revolut CEO Nik Storonsky, whose fund QuantumLight invested, previously called fragmented technology in the sector "dangerous." Nevis intends to use the funds to expand agent capabilities, deepen integrations, and grow its product and go-to-market teams.
