Digital KYC and Investing for Indian Expats by Inri (YC W23)
Digital KYC and Investing for Indian Expats by Inri (YC W23)
There are many Indians living abroad, getting started and taking care of their Indian finances while abroad has been tricky and labor intensive. We solve that problem through a wealth management platform only for Indian expats - https://www.goinri.com/ Our Launch HN post for more context - https://news.ycombinator.com/item?id=35389110 One of the trickiest parts for investors in this process has been KYC - Know Your Customer requirements by Indian financial institutions. For the longest time, Indians abroad were either required to submit physical paperwork or required to be in India to complete KYC to get started. We have made this 100% online - You submit your docs in less than 5 mins and your KYC gets done in 3-4 working days. The other problem for Indians abroad who have wanted to invest in India is not knowing where to start. For that, we curate investment options based on cross-border compliances (e.g. Not all mutual funds are open for US / Canada residents) and make the entire investment journey simple and personalized to your investment goals, like Wealthfront. Additionally, the platform also offers support for cross-border tax reporting and repatriation to solve for the full journey in a self-serve manner. We know this is a bit of a niche product for HN but we saw a lot of great comments in our launch last time, so we would love to get your feedback on the product! Thank you!
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