A Brazilian wealth management startup founded by two former Nubank executives has closed an $85 million seed round to build a platform that pairs artificial intelligence with human financial advisors. The financing, led by Greenoaks, Benchmark, and Diffusion, represents one of the largest seed rounds raised by a Latin American startup.
Decade closes $85M seed round to scale AI-powered wealth advisory in Brazil
Decade was founded by Vitor Olivier, who served as Nubank's global chief technology officer, and Felipe Meneses, founder of Hyperplane, an AI company acquired by Nubank. The platform pairs proprietary AI software with senior financial advisors to deliver personalized wealth management. Each client works with a human advisor supported by an AI model that analyzes financial situations, monitors investments, and provides tailored recommendations, according to the company's website.
Unlike digital brokerages or robo-advisors, Decade does not operate as a bank or brokerage. Instead, it consolidates assets from multiple sources, diagnoses portfolio inefficiencies, and simulates investment scenarios. The AI maintains a persistent record of client interactions and continuously evaluates portfolio positions, enabling advisors to track financial goals over time rather than relying on periodic reviews.
The platform is currently available through a waitlist. Decade plans to use the seed capital to expand platform access, improve its AI technology, and broaden the availability of wealth advisory services in Brazil.
Why Decade's expansion signals urgent demand for AI and fintech talent in Brazil
Decade's launch reflects a structural shift in how wealth management services are delivered in Latin America's largest economy. The hybrid model requires two distinct talent pools: AI engineers capable of building proprietary financial software, and senior financial advisors who can interpret algorithmic insights and guide clients through complex decisions.
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Olivier's background underscores the technical complexity involved. He joined Nubank in 2014 as one of five employees and led the architecture of the NuConta account platform before serving as Brazil general manager and later global CTO, overseeing engineering for a publicly traded institution serving more than 100 million customers. Meneses previously built Hyperplane, an AI company focused on financial institutions.
This combination of skill sets is not readily available in the Brazilian labor market. Companies scaling similar models face intense competition for machine learning engineers, data scientists, and financial advisors comfortable working with AI-generated recommendations. Decade will use the funding to expand its platform, improve its AI technology, and broaden access to wealth advisory services in Brazil, with the platform currently available through a waitlist.
For employers considering hiring AI engineers and financial advisors in Brazil, Decade's model illustrates the premium placed on candidates who can bridge technical and domain expertise. The startup's emphasis on continuous portfolio monitoring and real-time analysis requires engineers familiar with financial data pipelines, while advisors must translate algorithmic outputs into client-facing guidance.
Hiring acceleration expected as Decade scales advisory platform beyond waitlist
Decade's stated plans to expand platform access and improve AI technology point to near-term hiring across multiple functions. The company's dual headquarters in São Paulo and San Francisco suggest it will recruit in both markets, though core advisory and engineering operations are expected to concentrate in Brazil given the platform's initial focus on Brazilian wealth management.
The investor syndicate adds credibility to the growth trajectory. Greenoaks manages approximately $15 billion in assets and focuses on concentrated, long-term investments in category leaders. Benchmark manages over $9.4 billion and has backed Uber, Snap, and AI chipmaker Cerebras. Diffusion, founded by Victor Lazarte and Kris Fredrickson, invests specifically in early- and growth-stage artificial intelligence companies.
The involvement of these firms typically correlates with aggressive expansion and rapid headcount growth. Startups at this stage often prioritize speed to market, creating opportunities for candidates with relevant experience in fintech recruitment in Brazil and adjacent markets.
Decade's emergence highlights the intersection of AI development and financial services as a high-growth hiring category in Brazil. The platform's reliance on both human judgment and algorithmic precision requires teams that can operate across disciplines, a dynamic reshaping workforce planning in the region's fintech sector.