Former Revolut execs raise $70 million to tackle a looming financial advisor shortage

Americans want more financial advisors, but every day there are fewer to go around. One New York-based startup wants to help ease the squeeze by using AI to take paperwork and other routine tasks off advisors’ plates, giving them more time for clients. Nevis, a 70-person company launched in October 2024 by former executives at Revolut, the $115 billion fintech, announced Monday it had raised $70 million in a Series B round to continue building out its AI software for financial advisors.

Source: Fortune Crypto