Decade, a startup founded by former Nubank CTO Vitor Olivier and Hyperplane co-founder Felipe Meneses, raised the largest seed round in Brazil and Latin America to expand access to wealth management and planning services with the help of artificial intelligence (AI).
The company announced on Tuesday, August 4th, that it raised US$85 million (approximately R$440 million) in a seed round that included participation from the American funds Benchmark, GreenOaks, and Diffusion, as well as the Brazilian investment firms Norte Ventures and Atlantico. The valuation was not disclosed.
The amount is the largest ever raised in a seed round in Brazil and the Latin American region since the US$40 million raised by the security startup Pax in May of this year, according to a survey by Distrito. Considering rounds with debt and equity structures, the operation also surpasses the US$50 million raised by the Mexican retailtech Valoreo in 2021, according to Sling Hub.
With these resources, Decade aims to promote a disruption in asset management similar to that which Nubank caused in the banking market. And, just like the institution founded by David Vélez , the first step will be taken in Brazil.
“Smartphones and the cloud have democratized payments and banking services, but people still face enormous difficulties investing, planning, and making financial decisions. With AI, this changes, because it's possible to offer this service at scale,” says Olivier, co-founder and CEO of Decade, to NeoFeed . “That's why we raised this amount of money. The ambition is great, because this is a global issue.”
Olivier explains that Decade's proposal is to combine AI and human consultants to continuously monitor clients' financial lives. The idea is to offer an experience similar to that of a multi-family office , traditionally reserved for the ultra-wealthy, to a much broader audience and without the conflicts of interest arising from the commission-based compensation model.
Through Open Finance , the Decade platform consolidates users' banking and investment information, monitoring assets, expenses, risk concentration, liquidity, and portfolio allocation.
AI helps investors run simulations, create financial projections, and even answer questions based on their situation and plans, allowing this service to be offered at scale.
The company aims to act as an independent layer between clients and financial institutions. The startup already has integrations with platforms such as BTG Pactual , XP Investimentos , Genial , andC6 , allowing users to view information and, in the future, execute transactions directly through the platform.
“We want to be an agnostic entry point. Our role is to find the best product for the client, regardless of the financial institution,” says Olivier.
The company's first commercial product will be offered via a subscription of R$200 per month, a price that includes access to the platform, automated tracking, interaction with AI, and support from internal human consultants for clients who prefer personal assistance.
The startup currently operates under an investment consulting license from the Brazilian Securities and Exchange Commission (CVM) and has also requested authorization to act as an asset manager, which would allow it to offer managed portfolios.
Olivier and Meneses, who is the head of AI at Decade, met at Nubank after the fintech company finalized the purchase of Hyperplane, a data intelligence company, in 2024. One of the bank's first employees, Olivier was responsible for the technology area at the time of the acquisition.
The two began meeting regularly to discuss AI and its potential applications in the financial world. The decision to start a business together began to take shape in 2025, when Olivier started reflecting on his next step after more than a decade at Nubank.
He officially left Nubank in September of that year. Around the same time, Olivier and Meneses completed the funding round, announced now, for the company, then called Frontier Technologies.
The resources enabled the hiring of the team — currently with 26 employees including engineers and financial consultants, and still expanding — and the development of the platform that would later be renamed Decade.
Despite its global ambitions, the startup's focus is not on rapidly expanding its customer base after the seed round. The platform is in beta and has opened a waiting list for new users.
So far, the company manages, on an experimental basis, several billion reais in assets belonging to clients close to the founders, without disclosing detailed figures.
According to Olivier, the goal is to perfect the experience before seeking large-scale growth. "When we are confident that the experience is perfect, then we will accelerate," he says.
The decision to start in Brazil, besides being the founders' country of origin, also stemmed from the market offering favorable conditions for the development of this type of solution, thanks to the advancement of Open Finance and the regulatory environment created by the Central Bank (BC) to stimulate competition and innovation.
In doing so, Decade is repeating a logic similar to that of Nubank in its early years: using the Brazilian market as a laboratory to develop a product capable of later gaining international scale.
"Investors are betting that Brazil is one of the best places to create this category and, from here, take it to other markets," says Olivier.
