Business & Economy · 2 views
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.
Summary
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.
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