New York-based fintech startup Sava has raised $10 million in seed funding and launched a Nevada-chartered trust company designed to modernize how families establish and administer trusts.
The round was led by Gradient Ventures, with participation from Y Combinator, SV Angel, Orange Collective, SurgePoint Capital and Instacart co-founder Max Mullen.
Additional investors include Gusto co-founder Tomer London and former McKinsey private wealth executive Eleonora Sharef.
Founded by Nimit Maru and Rush Sadiwala, Sava combines a regulated trust institution with software designed to automate administrative workflows using artificial intelligence.
Why Trust Administration Remains Complicated
Trusts are legal arrangements used to hold and manage assets for beneficiaries.
Families use them for estate planning, succession, asset management and other long-term financial objectives.
A trustee is responsible for administering the trust according to its legal terms and applicable fiduciary obligations.
That work can involve coordinating with lawyers, accountants, financial advisers, investment custodians and beneficiaries.
Many of these processes still depend on documents, spreadsheets, email correspondence and manual recordkeeping.
Establishing a trust is only the beginning.
Over time, trustees must monitor assets, maintain accounts, process distributions, document decisions and ensure that the trust operates according to its governing agreement.
The administrative burden can extend across generations.
Sava believes much of this operational work can be handled more efficiently through modern software.
How Sava Uses AI Agents
Sava is building an AI-native platform to support the ongoing administration of trusts.
Its software is designed to process trust documentation, organize information, coordinate with custodians and assist with accounting and distributions.
AI agents can handle repetitive administrative activities while human trust officers retain responsibility for decisions requiring professional judgment.
For example, an agent could extract information from a trust agreement, identify relevant administrative requirements and organize records for review.
The platform also aims to simplify onboarding and financial reporting.
Sava's objective is to reduce the time required for routine processes while giving families and advisers greater visibility into their trusts.
However, automating administrative processes does not remove the legal responsibilities of the trustee.
Errors involving distributions, beneficiary rights or legal instructions can create significant financial consequences.
Why the Nevada Charter Matters
Sava's subsidiary, Sava Trust Company, operates as an independent corporate fiduciary chartered in Nevada.
That distinction separates its business model from software companies that simply provide tools to existing financial institutions.
Sava can act as an administrative trustee rather than only licensing software to another provider.
The company therefore combines technology development with the responsibilities of operating a regulated financial institution.
This structure creates a potentially stronger relationship with customers because trust administration can continue for many years.
But it also introduces additional obligations involving regulatory compliance, fiduciary duties, operational controls and oversight.
Sava must build both a reliable technology platform and a trustworthy financial institution.
Who Founded Sava?
Sava was founded by CEO Nimit Maru and COO Rush Sadiwala.
Maru previously co-founded Fullstack Academy, a software engineering education company acquired in 2019.
He also co-founded Bloomspot, which was acquired by JPMorgan Chase in 2012.
His personal experience establishing trusts after selling a company exposed him to the complexity and limited transparency of traditional trust administration.
Sadiwala previously founded Framework.so, a digital commerce and education platform, and has experience in investment management.
Their backgrounds combine technology entrepreneurship with financial operations.
Sava participated in Y Combinator's Fall 2025 batch.
Competition in Digital Wealth Management
Sava is entering an industry traditionally dominated by bank trust departments, independent trust companies and specialist wealth management firms.
Technology businesses are increasingly targeting estate planning, wealth administration and related financial workflows.
However, many software providers concentrate on helping customers create estate-planning documents rather than administering the underlying trusts over time.
Sava is pursuing a different approach by operating a regulated trust institution with its own technology infrastructure.
Its commercial strategy includes serving families, trust and estate attorneys, financial advisers, fintech platforms and family offices.
The opportunity is to simplify administrative operations while preserving the professional oversight required for fiduciary services.
The Economics of an AI-Native Trust Company
Traditional trust administration can involve recurring fees, complex account structures and substantial manual work.
Sava is pursuing a simpler pricing model based on a flat annual fee per trust.
If automation reduces the cost of administering each account, the company could serve customers more efficiently than traditional institutions operating on older systems.
However, the economics will depend on the complexity of individual trusts and the level of human attention each requires.
Some arrangements are relatively straightforward, while others involve complicated asset structures, distribution requirements and legal obligations.
The company has not publicly disclosed its revenue, assets under administration or customer retention figures.
What Comes Next?
Sava will use its seed funding to develop its technology platform and expand its regulated trust administration operations.
The company is entering a market where reliability and long-term trust are essential.
Its software must process sensitive financial information accurately, while its human fiduciaries remain accountable for the decisions affecting beneficiaries.
The next test is demonstrating that AI can reduce administrative costs and processing times without compromising the standards expected from a regulated trustee.
If successful, Sava could establish a new operating model for trust administration, combining the responsibilities of a traditional financial institution with the efficiency of an AI-native software company.