Ex-Revolut trio's Nevis raises €62 million for AI agents for wealth advisers

Nevis, a start-up that builds artificial intelligence (AI) software for wealth advisers, announced on Monday, October 26, 2026, that it has raised €62 million, about $70 million, in a Series B funding round led by EQT Ventures. Brokerage group Charles Schwab and QuantumLight, the investment fund of Revolut founder Nik Storonsky, joined as new investors, and earlier backers Sequoia Capital, ICONIQ and Ribbit Capital also took part. Founded in 2024 and based in London and New York, Nevis says it has now raised about €98 million, or roughly $110 million, in total. Its three founders left the fintech company Revolut together to build it.

Wealth advisers spend a large share of their time on paperwork rather than on clients: preparing financial plans, writing up meetings, and opening and servicing accounts with the custodians that hold client money. Nevis is betting that AI agents, software that can carry out multi-step tasks on its own within set rules, can take over much of that routine work. Its platform combines a client relationship manager, meeting notes and analysis, financial planning and custodial workflows in one place. The company says it will use the new money to widen what its agents can do, connect more deeply with custodians and other wealth-technology tools, and expand its product and sales teams.

The investor list is the most telling part of the round. Schwab runs a business that serves independent advisers and holds their clients' assets, and its adviser services head, Jon Beatty, said the investment widens the range of AI tools the firm can offer advisers. When a firm that holds client assets backs a start-up whose software works directly with those assets, it suggests that large financial institutions are ready to let AI agents into tightly regulated workflows, provided the controls are right.

For Indian founders and investors, the deal is a useful reference point. It shows that global venture funds are paying for AI built for one narrow, regulated profession rather than for general chatbots, and that a team spun out of a large fintech can raise more than $100 million within about two years by focusing on such a niche. It also shows how much weight investors place on early partnerships with incumbents: a custodian on the cap table can open distribution that would take a start-up years to build. Indian start-ups building AI for accountants, insurers, lenders or advisers face the same questions Nevis had to answer: how to plug into legacy systems, how to keep a human in charge of decisions about client money, and how to win the trust of regulated institutions.

Short-term: Nevis plans to hire for product and sales and to build more integrations with custodians and wealth-technology platforms, which should bring its agents to more advisory firms.

Long-term: If AI agents can reliably handle account opening, planning and meeting follow-up, the economics of wealth advice could change, allowing advisers to serve more clients each. That would also raise new questions for regulators about oversight of automated actions on client accounts.

Who is affected: Independent financial advisers and their clients, custodians such as Schwab, rival wealth-technology vendors, and founders in India and elsewhere building AI tools for regulated financial services.

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