User Blocked from Online Platform
Decade, a Brazilian AI wealth management start-up, has emerged from stealth with $85 million in seed funding, which it claims is the largest seed investment ever raised by a start-up in Latin America. The round was backed by Greenoaks, Benchmark, and Diffusion. Decade offers a financial wealth management platform that integrates custom financial AI models with human advisors.
The start-up assigns each client a senior human advisor available via WhatsApp or video, supported by a proprietary AI model that “knows their full financial context and remembers every conversation”, according to a company statement. This approach aims to consolidate asset tracking, diagnose portfolio inefficiencies, and provide investment guidance.
Founding and Leadership
Decade is the brainchild of former Nubank CTO Vitor Olivier and Felipe Meneses, founder of data intelligence firm Hyperplane, which Nubank acquired in 2024. Meneses subsequently spent a year within Olivier’s technology unit as a machine learning engineer.
At their new venture, which is currently accessible through a waitlist, Olivier serves as CEO while Meneses leads AI development. According to Meneses: “Financial services are complex by design and often monetised through asymmetry of information. AI collapses that asymmetry.”
AI-Driven Wealth Management
“Decade is AI-native from day one: agents that read every statement, monitor every position, and reason across your entire balance sheet, continuously,” Meneses adds. “That level of attention used to be reserved for the ultra-rich. Now we can create an entire generation of millionaires.” The use of AI in wealth management could potentially democratize access to high-quality financial services.
Related: Users Blocked from Website
As Decade moves forward, it will be interesting to see how its AI-driven approach impacts the traditional wealth management industry. With its strong backing and experienced leadership, Decade is well-positioned to make a significant impact in the Latin American market and beyond.
The company’s focus on combining human advisors with AI models could help to address some of the complexities and inefficiencies in the current financial system. By leveraging technology to provide more personalized and effective investment guidance, Decade may be able to attract a wide range of clients, from individuals to institutions.
Growth and Expansion
With its $85 million in seed funding, Decade will likely be able to invest in further developing its platform and expanding its operations. The company may also look to partner with other financial institutions or technology providers to enhance its offerings and reach a broader audience.
As the financial technology sector continues to evolve, companies like Decade are poised to play a major role in shaping the future of wealth management. By combining cutting-edge technology with experienced human advisors, Decade is taking a unique approach to addressing the complex needs of its clients.
