WealthTech startup Nevis secures €62 million to automate financial advisory workflows with AI

London-based AI startup Nevis has secured €62 million ($70 million) in Series B funding to enhance its AI-powered financial advisory platform. The investment round, led by EQT Ventures, brings the total funding to €98 million ($110 million) since the company's founding in 2024. Notable new strategic investors include The Charles Schwab Corporation and QuantumLight, the fund managed by Revolut founder Nik Storonsky. Existing investors, such as Sequoia Capital, ICONIQ, and Ribbit Capital, have also increased their stakes.

CEO and co-founder Mark Swan emphasizes that Nevis' AI agents enable advisors to focus on client relationships by handling administrative tasks. The company's platform currently serves over €625 billion ($700 billion) in client assets. By consolidating CRM, meeting intelligence, financial planning, and custodial workflows, Nevis agents can manage end-to-end operations, completing more than 100,000 tasks for its customers.

This has allowed advisors to reclaim up to 10 hours each week, increase prospect meetings by 30%, and generate personalized plans in minutes, accelerating account openings from weeks to days.

Swan highlights that EQT Ventures' backing, coupled with Schwab's investment, will help Nevis become the foundational AI platform for the wealth management industry. The funding aligns with Nevis' recent revenue growth of over 25x, with notable customers such as Focus Financial Partners, IEQ Capital, and United Capital.