{
  "id": 12102711,
  "title": "Nubank Alum Launches Decade to Give Money an AI Copilot",
  "url": "https://urgent.news/2026/10/05/nubank-alum-launches-decade-to-give-money-an-ai-copilot",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-05T08:00:46.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/investment-tracker/2026/nubank-alum-launches-decade-to-give-money-an-ai-copilot/"
  },
  "original_language": "en",
  "account": "Vitor Olivier, a former Nubank engineer, has founded a new company called Decade in an attempt to revolutionize the way people manage their investments. Decade recently raised an impressive $85 million in seed funding, making it the largest ever raised by a Latin American startup. The AI-driven platform aims to simplify investing in the same way mobile banking made handling everyday transactions more accessible.\n\nOlivier, Decade's CEO and co-founder, believes that managing money should be as straightforward as banking. \"Managing money is a second job,\" he said, explaining that Decade is betting that AI, paired with a flat fee, can finally take that job off people's hands. However, he acknowledges that financial services require deep expertise, relationships, trust, and long-term thinking, which an app alone cannot provide.\n\nDecade's approach is to charge a relatively modest flat fee of about $40 a month, instead of commission-based models used by traditional investment advisors. This eliminates the incentive to push products with higher fees, as the company's income is not tied to sales. Customers get a platform that connects to their entire financial life through Brazil's open banking APIs, consolidating spending and investments, flagging high-fee products or tax inefficiencies, and providing on-demand access to a human advisor for bigger decisions.\n\nThe company's founders learned from their early attempts at building an automated advisory system. Initially, the models were not reliable enough for planning, math, or following multi-step instructions. However, the emergence of agentic AI, such as Anthropic's Claude Opus 4.5, has changed the game. With these capabilities, Decade can now provide a flexible, personalized investment experience that better reflects each user's complex financial life.\n\nBy leveraging AI, Decade can handle most routine questions, while a small portion of cases still requires human intervention. The founders' background in customer service at Nubank suggests that this approach could be highly efficient, as they managed a large customer base with a fraction of the headcount required by a legacy bank. Early results indicate that Decade's users are actively responding to the platform's recommendations, with usage data showing a significant reduction in flagged positions.",
  "summary": "Watch more: Monday Conversation With Decade’s Vitor Olivier Vitor Olivier spent years building the infrastructure behind Nubank, the Brazilian digital bank that gave roughly 100 million people a cheaper, simpler way to handle everyday transactions. Now he is going after the part of financial life that mobile banking’s first wave never touched: investment advice. His […] The post Nubank Alum…",
  "key_points": [
    "Vitor Olivier, former Nubank engineer, founded Decade",
    "Decade raised $85 million in seed funding, largest Latin American startup",
    "AI-driven platform charges $40/month, eliminates commission-based models"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}