Company is active
Event Year: 2024
Company is active
Event Year: 2024
Paasa empowers affluent Indian investors to seamlessly access global equity markets, eliminating intermediaries, opaque fees, and cumbersome paperwork. Recognizing that high-net-worth individuals in India frequently incur international expenses, such as education and healthcare costs, Paasa addresses the common practice of saving predominantly in INR, a currency subject to annual depreciation against the USD. Paasa's solution tackles key challenges including a fragmented outward remittance process, concerns about tax and compliance errors, the traditionally paper-intensive onboarding procedures of international brokerage firms, and a scarcity of reliable advisory services. Paasa provides a mobile application that enables Indian residents to trade on global exchanges, pursue passive investment strategies, and automate all cross-border tax filings, streamlining international investing.
Paasa empowers affluent Indian investors to seamlessly access global equity markets, eliminating intermediaries, opaque fees, and cumbersome paperwork. Recognizing that high-net-worth individuals in India frequently incur international expenses, such as education and healthcare costs, Paasa addresses the common practice of saving predominantly in INR, a currency subject to annual depreciation against the USD. Paasa's solution tackles key challenges including a fragmented outward remittance process, concerns about tax and compliance errors, the traditionally paper-intensive onboarding procedures of international brokerage firms, and a scarcity of reliable advisory services. Paasa provides a mobile application that enables Indian residents to trade on global exchanges, pursue passive investment strategies, and automate all cross-border tax filings, streamlining international investing.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2024
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2024
Fintech
Fintech
Fintech -> Asset Management
Fintech -> Asset Management
Team size: 5
Hiring: Yes
Team size: 5
Hiring: Yes