Nevis, a 70-person New York-based startup launched in October 2024 by former Revolut executives, raised $70 million in a Series B round, valuing the company at $500 million. Its artificial intelligence software automates administrative tasks for financial advisors, allowing them to devote more time to clients. McKinsey estimates that 110,000 advisors, more than one-third of the workforce, will retire by 2034, potentially creating a shortfall of roughly 100,000 advisors. Over the past year, assets managed by advisory firms using Nevis’s platform grew from $50 billion to $700 billion, and the company opened a second office in London.
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