hemantgangolia

Show HN: Inri – Digital KYC, Investing and Tax for Indian Expats (YC W23)

Posted by hemantgangolia on Wednesday July 12, 2023 @10:51AM
from the show-hn dept.

https://www.goinri.com/

There are many Indians living abroad and are the biggest segment when it comes to cross-border remittances. However, getting started and taking care of their Indian finances while abroad has been extremely manual and tedious.We solve that problem through a wealth management platform only for Indian expats (https://goinri.com/)Our Launch HN post for more context -...

( Read More... | no comments | 8 points | on HN )

Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in India on Friday March 31, 2023 @07:21PM (#35395104)

PAN card is mandatory. Aadhaar is optional.

These funds are invested in India directly, thus not guaranteed by FINRA/SIPC.

Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in India on Friday March 31, 2023 @02:31PM (#35391274)

The Liberalised Remittance Scheme is applicable to Indian residents and not Indian expats whereas Inri is an investment product for Indian expats remitting to India from a foreign country. https://m.rbi.org.in/scripts/FAQView.aspx?Id=115

Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in India on Friday March 31, 2023 @02:26PM (#35391200)

Yes, we know about PFIC taxation and help investors with Mark-to-Market Accounting. Further, Inri provides tax support as part of the product offering, thereby abstracting the pain of tax reporting.