Decade raises $85M seed round to launch AI-powered wealth advisory platform

Brazilian startup Decade has successfully raised an impressive $85 million seed round for its AI-powered wealth advisory platform. The investment was led by prominent venture capital firms Greenoaks, Benchmark, and Diffusion. Decade's founders, former Nubank CTO Vitor Olivier and Hyperplane founder Felipe Meneses, have created a platform that merges artificial intelligence with human financial advisors to provide personalized wealth management services.

Each client is paired with a senior advisor and an AI model that scrutinizes their financial situation, keeps tabs on investments, and offers customized recommendations. Decade distinguishes itself from traditional banks or brokerages by assisting clients in making informed financial decisions instead of managing their money directly.

With the newly acquired funds, Decade aims to enhance its platform, advance its AI technology, and extend its reach for wealth advisory services across Brazil. The platform is presently only accessible through a waitlist.