Nevis: Bringing AI to Wealth Management

• Nevis automates the 80% admin load crushing RIAs, frees advisor time.
  • Wealth managers spend 80% on admin, 20% with clients — Nevis inverts this.
  • Platform connects CRM, email, docs; automates reports, meeting prep, account ops.
• $40M raised: $5M seed + $35M Series A from Sequoia, ICONIQ, Ribbit.
• Founders (Swan, Burda, Chalov) all ex-Revolut — regulated fintech DNA.
• Addressable market: affluent U.S. households ($500K+) grew 8× faster than population (2024).
  • Nevis customers already oversee $50B+ in client assets.
• Contrarian bet: AI makes human advice more valuable, not obsolete.
  • Swan: trust and relationships can’t be automated, only the busywork can.

Anne Marie Boidock (Sequoia Capital) · 2025-12-02 · Read on sequoiacap.com