Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Decade Raises US$85M To Build AI Wealth On Open Finance
August 7, 2026 | NCFA Market Activity | Wealth Investing And Trading, Artificial Intelligence And Data, Open Banking Open Finance And Data Sharing
AI Wealth Management On Brazil’s Open Finance Rails
On August 4, 2026, Brazilian wealthtech Decade emerged from stealth with an US$85 million seed round backed by Greenoaks, Benchmark and Diffusion. Decade describes it as the largest seed round ever raised by a Latin American startup.
The size of the financing gets attention, but the operating model is more interesting. Decade is building a wealth-management service that can connect investment and financial data held across different institutions, analyze the client's wider financial position with AI and pair that technology with human advisers.
Clients do not have to transfer their investments to Decade first. They can connect accounts through Brazil's Open Finance system, add statements or other assets and build a consolidated view that can include investments, pensions, international holdings and real estate. Decade currently charges R$200 per month (approx $54 CAD) on an annual plan for its Decade Intelligence service and is admitting customers gradually.
Brazil's Open Investment Rails Change The Wealth Model
The regulatory infrastructure underneath Decade is important. Brazil expanded Open Finance into investments through Open Investment, allowing customers to authorize the sharing of investment information held across participating financial institutions.
The Central Bank of Brazil specifically identified faster consolidation of investments held with different custodians as one of the benefits. Today the data that can be shared includes stocks, ETFs, investment funds, government bonds, debentures and several types of fixed-income securities.
That creates a different competitive starting point for wealthtech. A new adviser can potentially understand more of a client's portfolio without first winning custody of every asset. The client relationship, data layer and asset custody no longer have to all be tied to the same institution.
Decade's privacy policy shows how that works in practice. Customer-authorized Open Finance data is received through Iniciador Instituição de Pagamento Ltda., a payment institution authorized by the Central Bank and participating in Open Finance. Decade can then consolidate and analyze the information inside its own service without becoming the custodian of those investments.
AI Works Across The Financial Picture
Decade's product combines continuous monitoring with human advice. The company says its AI can monitor markets and portfolios around the clock, identify high fees and tax inefficiencies, review spending and cash flow, run investment simulations and retain context from previous client interactions.
Each client can also work with a human adviser. Decade positions the AI as the analytical layer and the adviser as the source of judgment, explanation and support around decisions.
That makes the model more substantial than a robo-adviser that simply recommends a portfolio. The platform is trying to work across investments, spending, taxes, financial goals and assets held elsewhere while keeping a person in the advisory relationship.
The approach also extends a direction already visible in AI-supported wealth management. Technology can expand the amount of portfolio analysis and monitoring available to advisers without removing the human adviser from the service.
The US$85M Bet Still Needs Client Evidence
The founders bring unusually relevant experience. CEO Vitor Olivier was an early Nubank engineer who later became its CTO, while Head of AI Felipe Meneses founded financial-services AI company Hyperplane before Nubank acquired it. Decade says Olivier previously worked in wealth management at BTG Pactual.
But the financing is well ahead of the operating proof. Access remains limited, and Decade has not disclosed client numbers, assets advised, retention, portfolio outcomes or how much of the service customers use through AI versus human advisers.
See: RBC Invests In d1g1t To Scale Canadian Wealthtech
The regulatory perimeter is also still developing. Decade's website states that Decade Asset Management Ltda. is in the process of obtaining CVM accreditation and joining ANBIMA's third-party asset-management codes. The current service therefore should not be described as Decade taking custody of or independently managing client assets.
The larger opportunity is clearer. Brazil's regulators have already created a way for investment data to travel with the customer. Decade is testing whether a new wealth company can use that access to compete for advice and financial intelligence before it competes for custody.
Talking Point
If Open Investment lets customers bring a consolidated view of their portfolios to a new adviser without moving the underlying assets, does custody remain the main competitive advantage in wealth management or does intelligence around the assets become more valuable?
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