Nevis
Category: AI in Fintech
AI platform that automates wealth advisors' administrative workflows to enhance productivity and client service Nevis was founded in 2024. The company is led by Mark Swan. Based in New York, United States. Team size: 50+. Total funding raised: $40M. Latest round: Series A. Key investors include Sequoia Capital, ICONIQ Growth, Ribbit Capital.
- Founded
- 2024
- Headquarters
- New York, United States
- Team size
- 50+
- Total funding
- $40M
Value proposition
Automates repetitive tasks like meeting minutes, account openings, and compliance documentation to improve efficiency and client engagement
Products and solutions
AI-driven meeting transcription & summary tool, Automated account onboarding workflows, Compliance documentation generator, Client communication templates, Data analytics dashboard for workflow optimization
Unique value
Focus on augmenting advisors rather than replacing them, with domain-specific AI trained on financial workflows
Target customer
Wealth management advisors, RIAs (Registered Investment Advisors), and financial services teams
Industries served
Wealth Management, Retail Financial Services, Private Banking, Financial Advisory Services
Technology advantage
Proprietary natural language processing models trained on 100,000+ hours of financial advisor interactions, combined with Revolut-scale fintech operations expertise
How they differentiate
Nevis focuses on automation of operational workflows for wealth advisors using AI, rather than replacing human advisors. It emphasizes end-to-end task automation and integration with existing systems, differentiating from competitors who may offer fragmented solutions or niche AI tools.
Main competitors
Iress, Hubly, InvestorAi
Key partnerships
Sequoia Capital (Series A lead investor), ICONIQ Capital (strategic advisor), Ribbit Capital (financial technology expertise), Revolut (executive team's previous organization), OpenAI and Anthropic (enterprise AI agreements)
Notable customers
United Capital Financial Advisors, Apollon Wealth Management, GC Wealth, Dodds Wealth
Major milestones
Raised $40M in total funding ($5M Seed 2024, $35M Series A 2025), Launched AI platform serving RIAs managing over $50B in client assets, Signed partnerships with top U.S.-based wealth management firms, SOC 2 Type I certified with enterprise-grade security
Growth metrics
Serves RIAs managing over $50B in client assets collectively
Market positioning
Positioned as a modern AI platform for wealth management, targeting registered investment advisors (RIAs) and wealth management firms to streamline administrative tasks and improve efficiency.
Geographic focus
Primarily focused on the U.S. market, with clients including United Capital Financial Advisors, Apollon Wealth Management, GC Wealth, and Dodds Wealth.
Patents and IP
Not publicly disclosed (no USPTO filings found as of December 2025)
About Mark Swan
Former Lead Strategy & Operations Manager at Revolut (2021-2024), led product operations, data and strategy teams responsible for driving user growth, engagement and retention. Previously worked at Amazon and Generation Investment Management.
Official website: https://www.neviswealth.com/