FinTech of the Day

Nevis – Next-gen wealthtech platform

Dmitry Prostov

22 Dec 2025 — 1 min read

Can software free advisors from admin?

Nevis is building an AI engine that automates the back-office work for registered investment advisors. From onboarding and compliance to portfolio rebalancing and ongoing maintenance, the platform handles the tasks that usually eat an adviser's day.

Founded by former Revolut operators Philipp Burda, Ivan Chalov, and CEO Mark Swan, the company has just raised a $35M Series A round from ICONIQ Growth, Ribbit Capital, and Sequoia Capital, valuing Nevis at close to $200M. Early clients like United Capital Financial Advisors, LLC, GC Wealth GmbH, Apollon Wealth Management, LLC, and Dodds Wealth already use Nevis to shave hours off RIA workflows.

The SaaS model charges a subscription per adviser and aims to expand into trade execution and account aggregation next year. In a market full of manual processes and fragmented tools, Nevis is betting that clean automation can differentiate advisers, widen margins, and free humans to focus on actual client conversations.

With big-name backers and real traction in the RIA market, Nevis could become one of the core engines powering a new generation of digital wealth firms.

How long before AI replaces human admin in wealth management?

Image: Sequoia Capital story.

#fintechoftheday #WealthTech #AI #RIA

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