Paasa is an investment platform that enables users to diversify their portfolios through dollar-denominated index funds, automatic rebalancing, and tax-optimized strategies. It addresses the challenges of local currency fluctuations and the inefficiencies of actively managed funds by providing a secure, user-friendly app for global investing.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Indian investors face challenges in accessing global markets due to local currency fluctuations, high brokerage fees, and complexities in managing international investments. Traditional investment options often lack diversification and tax optimization strategies, hindering wealth growth and financial planning.
Solution
Paasa provides a mobile investment platform that enables Indian investors to diversify their portfolios with dollar-denominated U.S. stocks and ETFs, mitigating currency risk and simplifying global investing. The app offers commission-free trading, automated portfolio rebalancing, and tax-loss harvesting to maximize returns. Paasa also handles LRS remittances, W-8BEN, FATCA, and annual RBI filings, streamlining the compliance process. User funds are held with Interactive Brokers and are SIPC-insured up to $500,000.
Target Audience
The primary target audience is Indian retail investors seeking diversified exposure to global markets with a user-friendly, low-cost investment platform.
Features
- Commission-free trading in over 15,000 U.S. stocks and low-cost ETFs, including UCITS funds
- Rule-based model portfolios (Growth, Balanced, Safe) built with high-liquidity index ETFs
- Automatic portfolio rebalancing to maintain target asset allocation
- Tax-loss harvesting to offset capital gains and reduce tax liabilities
- LRS remittance and tax form preparation (W-8BEN, FATCA, RBI filings)
- High-yield interest on idle USD balances above $10,000
- End-to-end encryption and two-factor authentication for security
- Custody of assets held at Interactive Brokers with SIPC insurance up to $500,000