Nubank Alum Launches Decade to Give Money an AI Copilot

AI summary of the source article

Decade, an AI-driven financial advisory platform co-founded by former Nubank executive Vitor Olivier, has emerged from stealth after securing an $85 million seed round. The startup seeks to overhaul Brazil's commission-heavy investment advisory market by offering an AI-powered service for a flat fee of roughly $40 per month. Leveraging Brazil's open banking APIs, Decade consolidates users' financial data, identifies high fees or tax inefficiencies, and provides on-demand access to human advisors for complex decisions. Olivier noted that recent advances in agentic AI capabilities allow the platform to automate routine inquiries, drastically lowering the operational costs typically associated with wealth advisory services.

Why it matters

Decade's model challenges traditional commission-driven investment distribution in Latin America by replacing transaction sales incentives with flat-fee, AI-powered advisory services. Its launch marks the largest-ever seed funding round for a Latin American startup.

Key facts

• Decade raised an $85 million seed round, the largest seed investment recorded for a Latin American startup.
• The platform charges a flat subscription fee of roughly $40 per month instead of taking product commissions.
• Decade connects to user accounts via Brazil's open banking APIs to identify tax inefficiencies and high-fee products.