Nevis, which builds an AI operating system for wealth advisers, has raised $70 million in a Series B led by EQT Ventures. Total funding for the company now reaches $110 million. The platform combines a CRM, meeting capture and analysis, financial planning and custodial workflows, while AI agents take on complete administrative tasks. The company was founded by former Revolut executives.
What it means: Wealth management has a well-known problem: advisers spend a large part of their time on notes, forms, system updates and compliance records instead of clients. Platforms such as Nevis promise to take over that administrative work so each adviser can serve more clients. A shortage of new advisers in many markets makes the promise even more attractive to investors. In Europe, however, any tool that records meetings and suggests actions must fit with MiFID II, which requires communications records, suitability assessments and clear responsibility for every recommendation. The AI Act and GDPR also set conditions for processing personal and financial data. For Greek investment firms, banks and insurance intermediaries, such tools can cut the administrative load, provided there is human review, a record of what the system suggested and the ability for the Hellenic Capital Market Commission to audit it. Choosing a provider should include checking where data is stored and how it is deleted.
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